Conflux token soars following NFT partnership with Chinese version of Instagram

Conflux token soars following NFT partnership with Chinese version of Instagram

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Conflux token soars following NFT partnership with Chinese version of Instagram

The Block2 months ago
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ConfluxConflux
Published on January 26, 2023 13:13 GMT+00:00edited on January 27, 2023 11:44 GMT+00:00

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Conflux token will integrate with Little Red Book, the Chinese version of Instagram, to let users display their NFTs on the platform. The Conflux Network's official Twitter page tweeted the news today.

The conflux token was trading at $0.042 by 7:37 a.m. EST, up about 38% over the past 24 hours, according to TradingView data.

[caption id="attachment_205829" align="alignnone" width="2087"] CFXUSD chart by TradingView[/caption]

Little Red Book has around 200 million monthly active users, according to Conflux Network and Qiangua's 2022 XiaoHongshu Active User Portrait Trend Report. 

Conflux is becoming the "major bridge" for connecting "prominent internet industry players" in China, who have initiated efforts to embrace web3, said Ming Wu, CTO of Conflux.

Last year, Instagram announced it …