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China Daily, affiliated with the Chinese Communist Party’s Publicity Department, has announced plans to develop its own metaverse and nft platform.
China Daily, a prominent English-language newspaper owned by the Chinese Communist Party’s Publicity Department, has expressed its intention to venture into the world of non-fungible tokens (nft) and the metaverse.
Revealed in a recent divulgationThe publication is setting aside 2.813 million yuan (equivalent to $390,000) for a competent third-party contractor who can bring its intended nft platform to life, staying in tune with its budget constraints.
While many might assume a preference for domestic expertise, China Daily welcomes both domestic and international blockchain specialists. The stipulation for the mainnet of the chosen blockchain company is that it must possess the ability to handle 10,000 transactions per second.
Potential contractors will be racing against time and the deadline is October 17 to submit their applications. Once on board, they have a period of three months to manifest the platform. China Daily’s nft platform aims to amplify the reach and resonance of Chinese civilization, according to the publication.
The platform will leverage a confluence of cutting-edge technologies, from the realms of virtual reality, augmented reality and mixed reality to the transformative capabilities of blockchain, nft, big data and cloud computing.
The platform plan calls for support for a broad spectrum of functionality, from uploading, displaying and managing various digital collections to incorporating pricing, offers and limited-time features. Additionally, the planned infrastructure will facilitate multi-currency transactions.
By expanding the reach of the platform, digital collections can also find a place on major international nft platforms such as OpenSea, Rarible and SuperRare.
While China clamped down on crypto transactions in 2021, blockchain companies continue to exist, albeit under the watchful eye of the country’s law enforcement agencies.
