Close Menu
    What's Hot

    SUI gears up for recovery as technical signals hint at breakout move

    Realizing the Onchain Cash Opportunity

    Bitcoin price target hinges on Fed pivot and ETF flows: Bitunix analyst

    Facebook X (Twitter) Instagram
    yeek.io
    • Crypto Chart
    • Crypto Price Chart
    X (Twitter) Instagram TikTok
    Trending Topics:
    • Altcoin
    • Bitcoin
    • Blockchain
    • Crypto News
    • DeFi
    • Ethereum
    • Meme Coins
    • NFTs
    • Web 3
    yeek.io
    • Altcoin
    • Bitcoin
    • Blockchain
    • Crypto News
    • DeFi
    • Ethereum
    • Meme Coins
    • NFTs
    • Web 3
    NFTs

    Shrapnel Becomes First Foreign Web3 Game on China’s RWA Chain

    Yeek.ioBy Yeek.ioApril 9, 2025No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link Telegram LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    US-developed web3 video game Shrapnel has been granted approval to operate on China’s state-backed RWA Copyright Chain, allowing the game to distribute tokenised in-game items under Chinese law and making it the first foreign blockchain-based title to achieve this level of legal recognition in the country.

    By obtaining this licence, Shrapnel gains access to one of the world’s largest gaming markets—worth over $40 billion—under full regulatory compliance.

    The game’s Chinese launch will involve local partnerships, new distribution channels, and integration with the country’s asset verification systems.

    Shrapnel Becomes First Foreign Web3 Game on China’s RWA Chain Source: Shrapnel

    What can we expect from this latest development?

    The Chinese version of Shrapnel will differ from its global counterpart in several ways. A localised game launcher will be developed for distribution within China, and digital assets will be issued and tracked via the RWA Copyright Chain—a state-approved blockchain system designed to handle the legal rights of digital goods.

    In-game assets such as skins, equipment, and cosmetics will be legally recognised as digital property within the Chinese jurisdiction. These items can be bought, sold, and traded through a new marketplace that operates under national guidelines.

    The rollout will be supported by Lingjing Game Labs, the gaming division of People’s Daily, the official newspaper of the Chinese Communist Party. This partnership will handle localisation, asset minting, compliance, and trading systems.

    Shrapnel Becomes First Foreign Web3 Game on China’s RWA Chain
    Shrapnel Becomes First Foreign Web3 Game on China’s RWA Chain Source: Shrapnel

    Why is this significant?

    This marks the first time a foreign web3 game has been formally licensed to issue tokenised in-game assets in China under government oversight, reflecting a notable shift in China’s approach to blockchain technologies, which have typically been tightly regulated or restricted—especially when linked to decentralised finance or cryptocurrencies.

    By working within China’s regulatory framework, Shrapnel has effectively created a model for how other foreign digital products might gain access to the market. It also demonstrates the Chinese government’s interest in supporting blockchain applications that align with national priorities, such as IP protection and digital asset tracking.

    Although the move does not suggest broader policy liberalisation, it highlights a pathway for compliant cross-border collaboration in the digital economy.

    Follow on Google News Follow on Flipboard
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Previous ArticleDeFi security and compliance must be improved to attract institutions
    Next Article India backs Sri Lanka’s tech modernization under new deal
    Avatar
    Yeek.io
    • Website

    Yeek.io is your trusted source for the latest cryptocurrency news, market updates, and blockchain insights. Stay informed with real-time updates, expert analysis, and comprehensive guides to navigate the dynamic world of crypto.

    Related Posts

    Derivatives Platform Synthetix Eyes $27M Acquisition of Options Protocol, Derive

    May 14, 2025

    Is MIND of Pepe the Next 1000x Crypto? AI Coin Enters Final Days

    May 14, 2025

    Infinite NODE Foundation Acquires CryptoPunks IP

    May 14, 2025
    Leave A Reply Cancel Reply

    Advertisement
    Demo
    Latest Posts

    SUI gears up for recovery as technical signals hint at breakout move

    Realizing the Onchain Cash Opportunity

    Bitcoin price target hinges on Fed pivot and ETF flows: Bitunix analyst

    IXS crypto surges on user spike, but pullback could follow

    Popular Posts
    Advertisement
    Demo
    X (Twitter) TikTok Instagram

    Categories

    • Altcoin
    • Bitcoin
    • Blockchain
    • Crypto News

    Categories

    • Defi
    • Ethereum
    • Meme Coins
    • Nfts

    Quick Links

    • Home
    • About
    • Contact
    • Privacy Policy

    Important Links

    • Crypto Chart
    • Crypto Price Chart
    © 2025 Yeek. All Copyright Reserved

    Type above and press Enter to search. Press Esc to cancel.