China Daily, an English-language newspaper owned by the Chinese Communist Party’s propaganda department, wants to create its own non-fungible tokens (NFTs) platform.
According to another advertisement, China Daily awarded 2,813 million yuan (US$390,000) to an outside contractor who could design an NFT platform within its budget specifications. China Daily wrote that the contractor could be a “Chinese or foreign” company specializing in blockchain. In addition, the mainnet of the blockchain company that wins the contract must be able to handle up to 10,000 transactions per second.
Contractors will have until October 17 to submit their applications and design the platform within three months. The goal of the China Daily NFT platform is to “improve the spread of the influence of Chinese civilization” through means such as the use of “metaverse, virtual reality (VR), augmented reality (AR), mixed reality (AR), Blockchain, non-fungible digital assets (NFT) and data.” Massive computing, cloud computing, and other technologies.”
The developers stated that the platform should allow “uploading, viewing and managing digital collections and support multimedia forms and multiple collection types.” Pricing, bidding, and time-limiting functions should also be integrated into the NFT platform along with multi-currency settlement.
“In addition to its own platform, based on the project objectives and audience groups, suitable domestic and overseas major NFT platforms to issue digital collections will be selected to issue digital NFT collections. Foreign platforms include, but are not limited to, OpenSea, Rarible, SuperRare., Foundation, etc.”
China has banned all forms of cryptocurrency transactions since 2021. Although some blockchain entities still operate in the country, they often face intense scrutiny from law enforcement officials.
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