China Daily Pledges $390,000 to Develop Metaverse and NFT Platform for Spreading Chinese Civilization
Summary:
China Daily, a newspaper backed by China's Publicity Department of Communist Party, plans to develop its very own metaverse and nonfungible tokens (NFTs) platform. It will allot 2.813 million Yuan (~$390,000) to a contractor, which can be of any nationality, tasked to create the NFT platform within a stipulated budget. The party is expecting blockchain applications capable of managing 10,000 transactions per second. The purpose behind the establishment of this NFT platform is to leverage various technologies such as VR, AR, Blockchain, NFTs, Big Data for enriching the spread of Chinese civilization. The platform should permit uploading, displaying, and managing multimedia and multitype digital collections.
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Published At
10/9/2023 7:00:00 PM
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