China Daily Allocates $390k For New NFT Platform
A significant amount of money—2.813 million Yuan ($390,000)—has been set aside by China Daily, which is controlled by the Chinese Communist Party’s Publicity Department, to build a new NFT platform. The platform will be developed by a third-party contractor, which might be a domestic or foreign company that specialises in blockchain technology, according to the release. Additionally, the chosen blockchain company’s mainnet must show that it can handle more than 10,000 transactions per second, ensuring strong performance and dependability.
The China Daily NFT Platform aims to boost the global impact of Chinese Civilization through a strategy integrating technologies like metaverse, VR, AR, mixed reality, blockchain, NFTs, big data, and cloud computing. It will facilitate digital collections uploading, displaying, and managing, and offer pricing, bidding, limited-time functions, and multi-currency settlement for a comprehensive user experience.
(With inputs from Shikha Singh)
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