The Chinese government-run newspaper China Daily has announced plans to launch its own NFT and metaverse platform. China Daily, which is affiliated with the publicity department of the Chinese Communist Party, is looking to get into non-fungible tokens (NFTs) and the metaverse space.
The publication is setting aside around $390,000 to hire a competent third-party contractor to develop the envisioned NFT platform within their budget constraints. China Daily is open to working with both domestic and international blockchain specialists. The stipulation is that the chosen blockchain provider’s mainnet must be able to handle 10,000 transactions per second.
Prospective contractors have until October 17 to submit their applications. Once hired, they will have three months to build the platform. China Daily’s NFT platform aims to promote Chinese culture and civilization, according to the publication.
The platform will utilize cutting-edge technologies like virtual reality, augmented reality, blockchain, NFTs, big data, and cloud computing. It is intended to support uploading, showcasing, and managing digital collections, pricing, bidding, transactions in multiple currencies, and more.
The digital collections may also be listed on major international NFT marketplaces like OpenSea, Rarible, and SuperRare. While crypto transactions have been banned in China since 2021, blockchain businesses still operate under monitoring by authorities.
#ChinaDaily #NFTs #Metaverse #Blockchain #Cryptocurrency #China #CCP
