WeBuy

China Daily indicated that its digital collectibles might potentially be integrated with renowned platforms like OpenSea and LooksRare. China Daily, an English-language publication under the aegis of the Publicity Department of the Chinese Communist Party, is embarking on a journey to establish its distinct metaverse and NFT platform.As per a fresh revelation, China Daily is allocating 2.813 million Chinese yuan (equivalent to $390,000) to an external contractor proficient in developing the NFT platform fitting within the designated budget. The qualified contractor can hail from either a domestic or overseas blockchain-focused enterprise, as emphasized by China Daily. Additionally, it&#39;s pivotal for the chosen blockchain company&#39;s mainnet to efficiently manage over 10,000 transactions every second.The deadline for contractors to put forward their proposals is set for Oct. 17, with a stipulation to bring the platform to life within a three-month window. The overarching mission behind the China Daily NFT Platform revolves around amplifying the resonance of the Chinese Civilization. This amplification is envisioned through channels like the metaverse, virtual reality, augmented and mixed reality, blockchain, unique digital assets like NFTs, expansive data analytics, cloud tech, among other advanced methodologies.The developer guidelines underscore that the envisioned platform should facilitate functionalities like uploading, showcasing, and administrating digital artifacts and be compatible with varied media formats and collection types. Furthermore, features encompassing pricing, auctioning, and time-bound activities are pivotal for the NFT platform, supplemented by a multi-currency transaction system.It&#39;s noteworthy that since 2021, China has imposed a prohibition on all cryptocurrency dealings. While some blockchain initiatives persevere within China, they frequently encounter stringent oversight from the country&#39;s legal authorities. That concludes today’s WedNewsDay, we hope you all had fun reading it! Keep an eye out for WedNewsDay the following week and don’t forget to follow us on social media. Thank you!Follow us onWebsite | <a href="https://werentnft.io/" rel="noopener noreferrer nofollow">https://werentnft.io/</a>Instagram | <a href="https://www.instagram.com/werent_nft/" rel="noopener noreferrer nofollow">https://www.instagram.com/werent_nft/</a>Twitter |<a href="https://twitter.com/WebuyOfficial" rel="noopener noreferrer nofollow"> </a><a href="https://twitter.com/WerentOfficial" rel="noopener noreferrer nofollow">https://twitter.com/WerentOfficial</a>Medium |<a href="https://medium.com/&#64;webuynft" rel="noopener noreferrer nofollow"> </a><a href="https://medium.com/&#64;werentnft" rel="noopener noreferrer nofollow">https://medium.com/&#64;werentnft</a>Facebook | <a href="https://www.facebook.com/werentnft" rel="noopener noreferrer nofollow">https://www.facebook.com/werentnft</a>Youtube | <a href="https://www.youtube.com/&#64;WeRentNFT" rel="noopener noreferrer nofollow">https://www.youtube.com/&#64;WeRentNFT</a>

WEDNEWSDAY! Chinese government-owned newspaper to launch NFT platform!

WeRent

Other articles published on Oct 11, 2023

The Bitcoin Lightning Network has grown 1,200% in just two years.

ETSY Inc. (NASDAQ: ETSY) Sheding Gains, Will Bulls Hold $60?

CoinMarketCap launches new plugin for crypto analysis with AI

The OK Group retires “Okcoin” in favor of “OKX,” a worldwide changeover.

Nicholas Merten Issues Dogecoin Warning, Says DOGE Hasn’t Fallen Far Enough – Here’s Why

Bitfinex’s owner, iFinex, proposes a $150 million share buyback amid rising regulatory pressures

Join our free newsletter for daily crypto updates!