NFT

China’s ‘Instagram’ gets NFT makeover with Conflux


NFT


Xiaohongshu, or “Little Crimson Ebook,” a preferred social media software extensively described because the Chinese language equal of Instagram, has built-in layer-1 public blockchain Conflux Community, permitting customers to showcase their non-fungible tokens (NFTs) on their profile pages, Conflux introduced on Thursday.

See associated article: China’s ‘Instagram’ will get into digital trend with customers strutting NFT garments

Quick information

  • Conflux stated that Xiahongshu’s greater than 200 million lively month-to-month customers can current their NFTs minted on Conflux on the platform’s digital collectible part referred to as “R-Area.”
  • Influencers on Xiaohongshu have not too long ago been strutting NFT garments. The digital costumes may begin from 20 yuan (US$2.96) for a head decoration, to a sci-fi-themed costume priced at 5,000 yuan on R-Area.
  • Singapore-registered Conflux has gained authorities endorsements in some elements of China and has collaborated with manufacturers resembling McDonald’s China.

See associated article: McDonald’s China launches first NFT to commemorate 31 years in mainland market


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