HomeCryptocurrencyGovernment-owned Chinese newspaper to launch NFT platform for unique digital assets.

Government-owned Chinese newspaper to launch NFT platform for unique digital assets.

Chinese Government-Owned Newspaper to Launch NFT Platform

China Daily Ventures into the World of NFTs

The China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, is venturing into the world of non-fungible tokens (NFTs) by creating its own metaverse and NFT platform.

Contractor Wanted to Design NFT Platform

The China Daily recently announced that it is offering 2.813 million Yuan ($390,000) to a third-party contractor capable of designing the NFT platform within the specified budget. The contractor can be either a Chinese or foreign company specializing in blockchain technology. Additionally, the selected blockchain company must have a mainnet capable of handling up to 10,000 transactions per second.

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Deadline and Objectives of the NFT Platform

The deadline for contractors to submit their applications and design proposals is October 17th. Once selected, the chosen company will have three months to complete the platform. The China Daily aims to utilize the NFT platform to enhance the dissemination of Chinese civilization through technologies such as the metaverse, virtual reality (VR), augmented reality (AR), mixed reality (AR), blockchain, non-fungible digital assets (NFTs), big data, cloud computing, and other related technologies.

Read the Full Article on Cointelegraph

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