China Daily Dives into the Metaverse and NFTs

An intriguing trip into the world of non-fungible tokens (NFTs) and the metaverse is about to begin for China Daily, a prominent English-language publication connected to the Chinese Communist Party’s Publicity Department. The journal recently announced its lofty aspirations and allocated 2.813 million Yuan, or around $390,000, for the creation of its very own NFT platform.

Contrary to popular belief, China Daily is not just looking for indigenous talent but is also inviting both domestic and foreign blockchain experts to submit suggestions. The chosen blockchain company must be able to process a mind-boggling 10,000 transactions per second on their mainnet, which is the main criteria. The deadline for applications is quickly approaching on October 17, and those who are chosen will have a limited three-month window to launch the NFT platform.

A Cultural Amplification

The goal of China Daily’s NFT platform is to expand the influence and resonance of Chinese civilisation. This digital platform will effortlessly combine a variety of cutting-edge technologies, including blockchain, NFTs, big data, cloud computing, augmented reality, and mixed reality.

The design of the platform offers full support for a variety of functionalities. Users will have access to tools including pricing, bidding, and limited-time deals as well as the ability to upload, exhibit, and manage a wide variety of digital collections. The technology will also enable currency-neutral transactions, expanding its usability and accessibility.

China Daily’s digital collections could also find a home on well-known worldwide NFT platforms like OpenSea, Rarible, and SuperRare in an effort to increase its impact. This calculated action could help promote cross-cultural understanding by introducing Chinese culture and art to a wider audience.

The blockchain business is still thriving in China, despite the country’s law enforcement authorities closely monitoring it, despite the country’s severe laws on cryptocurrency transactions that were put in place in 2021. China Daily’s journey into NFTs and the metaverse demonstrates the industry’s versatility and endurance as it looks for new ways to maximize the promise of cutting-edge technologies.