JOOX, Tencent’s music streaming service for the Southeast Asian market, has launched a non-fungible token (NFT) gallery in its app, taking another step in the Chinese tech giant’s Web3 drive. 

See related article: Tencent’s music app tests NFT avatars, virtual music room

Fast facts

  • In collaboration with music NFT marketplace MusicY, the new NFT gallery allows artists and users to showcase their digital asset collections.
  • Tencent launched JOOX in 2015 to tap into Southeast Asian markets such as Thailand, Malaysia, Indonesia and Myanmar.
  • Tencent started testing NFT avatars last week for its mainland China music app QQ Music.
  • Chinese tech conglomerates Tencent, Alibaba and ByteDance headlined the country’s top 200 companies with the highest potential for metaverse businesses, according to local rich list curator Hurun Report.

See related article: Tencent launches XR unit to develop ‘benchmark’ VR products