Coinspeaker
Government-Owned Newspaper China Daily to Launch NFT Platform
Chinese government-owned newspaper China Daily has plans to create a metaverse and nonfungible tokens (NFTs) platform. The English-language publication – owned by the Publicity Department of the Chinese Communist Party – has offered 2.813 million yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget.
According to a recent announcement, the newspaper is looking to work with “either a Chinese or foreign” blockchain firm. A prerequisite is that the firm’s mainnet must be able to handle over 10,000 transactions per second.
October 17 has been set as the deadline for submission of applications by interested contractors. They will then have three months to design the platform. The China Daily NFT Platform’s goal is to “improve the spread of the influence of the Chinese Civilization” through technologies such as “metaverse, virtual reality (VR), augmented re
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