China News Official Today TheBitTimes.com

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...

Zilliqa, a layer-1 block chain , and GMEX Group have launched ZERO13, a carbon offset platform for users to act against climate change and engage with corporate environmental initiatives. ZERO13 will leverage Zilliqa to issue tokens that represent carbon credits.  When customers buy goods or services from Zilliqa’s partners, they’ll get tokens to support environmental projects and offset their carbon footprint. GMEX Group will carefully choose and verify these projects to ensure they positively impact the planet. You might also like: Zilliqa jumps 5% amid Google Cloud ‘strategic alliance’ ZERO13 is tapping into the blockchain to offer customers a transparent and secure real-time platform to monitor and offset their carbon emissions.  The platform will also establish a new market for carbon credits that allows customers to trade or donate them to their preferred environmental causes. This circular economy will inspire customers to decrease th...

Project DAMA is a novel digital asset management access system for transacting tokenized securities. According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof of concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per its report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator, or through a built-in marketplace. As the first step, Deutsche Bank and Memento Blockchain created a decentralized finance (DeFi) platform on Ethereum (ETH) and a unique, non-transferable Soulbound Token. Using the SBT, platform developers could then verify the identity of the wallet owner and grant them access to investment ...