Chinese government-run media will introduce the NFT platform.
China Daily, an English-language newspaper under the auspices of the Publicity Department of the Chinese Communist Party, has embarked on an ambitious journey to establish its very own metaverse and nonfungible token (NFT) platform. In a recent announcement, China Daily disclosed its intent to allocate 2.813 million Chinese yuan ($390,000) to a third-party contractor who can craft the NFT platform within the budgetary parameters. The chosen contractor may be either a Chinese or foreign firm, well-versed in the intricacies of blockchain technology. Furthermore, the blockchain firm selected to execute the project must have the capacity to handle a staggering 10,000 transactions per second on its mainnet. Interested contractors have until October 17 to submit their applications and develop the platform within a three-month timeframe. The primary objective of the China Daily NFT Platform is to enhance the global influence of Chinese culture through various means, including the utilization...