Place/Date: Toronto, Canada – January 25, 2023 at 14:16 UTC 2 minute read
Contact: Melissa Tirey, Source: Shift6 Studios
Little Red Book (XiaohongShu), the Chinese version of Instagram integrates the Conflux Network as a permissionless blockchain that allows users to display Conflux-minted NFTs on their profile page in the digital collection section called ‘R-Space’.
The platform has over 200 million monthly active users and this integration takes NFTs one step closer to mass adoption, where people actively use Web3 technology on a daily basis within a Web2 system.
Little Red Book has previous partnerships with blockchains and NFTs, but never a permissionless network.
Ming Wu, CTO of Conflux said:
“The big players in China’s Internet industry have started efforts to embrace the Web3 transition. Conflux is becoming the main bridge connecting the two worlds and taking a leading role in expanding Web3 technology to traditional industry scenarios.”
From a regulatory perspective, having a large-scale company integrate permissionless blockchain further solidifies China’s pro-NFT position and suggests we can expect an increase in local companies considering integrating blockchain technology. blockchain with existing Web2 companies.
The first Little Red Book compatible NFT Conflux is from the Mimic Shhans community, which has a large Chinese community base, and owners of the original NFT can go through a predefined process to receive the NFT Conflux that can be displayed on their Little Red Book . profile page.
For full images, check out the Dropbox Link.
About Conflux
Conflux is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with no congestion, low fees, and enhanced network security.
As the only compliant public blockchain in China, Conflux offers a unique advantage for building and expanding projects in Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.
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