China Daily, an English-language newspaper owned by the Chinese Communist Party’s Advertising Department, wants to create its own metaverse and non-fungible token (nft) platform.
According to a recent advertisement, China Daily is awarding 2.813 million yuan ($390,000) to a third-party contractor who can design the nft platform within its budget specifications. The contractor may be a “Chinese or foreign” company specializing in blockchain, China Daily wrote. Additionally, the mainnet of the blockchain company that wins the contract must be able to handle more than 10,000 transactions per second.
Contractors will have until October 17 to apply and design the platform within three months. The goal of the China Daily nft platform is to “enhance the spread of the influence of Chinese civilization” through means such as the use of “metaverse, virtual reality (VR), augmented reality (AR), mixed reality ( AR), and Blockchain, irreplaceable digital assets (nft), big data, cloud computing and other technologies.”
The developers stated that the platform should allow “uploading, displaying and managing digital collections and supporting multimedia forms and multiple collection types.” Pricing, offers and limited time features should also be integrated into the nft platform along with multi-currency settlement.
“In addition to its own platform, based on the project goals and audience groups, major domestic and foreign nft platforms suitable for issuing digital collections will be selected to issue nft digital collections. Foreign platforms include, but are not limited to, OpenSea, Rarible, SuperRare, Foundation, etc.”
China has banned all forms of cryptocurrency transactions since 2021. Although some blockchain entities still operate in the country, they often face intense scrutiny from law enforcement officials.
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