Chinese “Instagram” Enables NFT Integration Spurring Mass Adoption

2023-2-2 15:11

The Chinese version of Instagram Little Red Book (XiaohongShu) has enabled an NFT integration that could catalyze the mass adoption of digital collectibles. This is after the platform teamed up with Conflux Network, a layer 1 public blockchain protocol. Now users of Little Red Book will be able to showcase their NFTs minted through Conflux on their profile pages.

As of press time, Little Red Book boasts over 200 million active monthly users. This NFT integration plays a key role in exposing digital collectibles to a wider audience, thereby accelerating adoption. The social media platform has created a new section on the profile page for NFTs dubbed the “R-Space.” This is where users will be able to view popular artwork from various artists.

The first Conflux NFTs come from the Mimic Shhans community, a big Chinese community base. Those who have these NFTs can follow a few simple steps to have their NFTs displayed on their Little Red Book profile page.

That said, the collaboration between Conflux and Little Red Book is great for the Chinese Web3 space. All parties involved in the deal are quite excited about the future.

In a translated statement, Ming Wu, the CTO at Conflux, notes that “big internet industry gamers in China have started giving efforts to accept the Web3 change. Conflux serves as a massive bridge between Web2 and Web3, thus the protocol is taking a dominant position to enlarge Web3 technology into the traditional industry scene.”

Implications Of This NFT Integration

Now local firms in China are expected to open up to blockchain technology thanks to this collaboration. Even though Little Red Book has been associated with various blockchains and NFT platforms in the past, it hasn’t been on this scale. Also, it’s the first time they are tapping into a public network.

The partnership between the two entities is the latest positive development for crypto-associated technology in China. Despite its hard stance on cryptocurrencies, the Chinese government has shown a willingness to explore NFTs.

The post Chinese “Instagram” Enables NFT Integration Spurring Mass Adoption appeared first on NFT News Today.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

NFT (NFT) на Currencies.ru

$ 0.1282 (+0.51%)
Объем 24H $0
Изменеия 24h: 4.93 %, 7d: 9.39 %
Cегодня L: $0.1282 - H: $0.1282
Капитализация $0 Rank 3750
Доступно / Всего 0 NFT

adoption chinese mass instagram nft integration teamed

Источник: nftnewstoday.com

adoption chinese → Результатов: 63


DeFi Rallies on China Ban as Chinese Turn to Decentralized Projects, Crypto Prices Recover to Pre-ban Levels

China declaring virtual currency-related business activities “illegal” could be a “significant DeFi adoption catalyst” as they turn to decentralized platforms to access crypto. The post DeFi Rallies on China Ban as Chinese Turn to Decentralized Projects, Crypto Prices Recover to Pre-ban Levels first appeared on BitcoinExchangeGuide.

2021-9-27 15:53


Фото:

There’s A Massive Bitcoin Adoption Trend About To Thump The Philippines

As the Bitcoin adoption rate surges across the globe, many parts of the Asian continent remain committed to grabbing a piece of the Bitcoin pie before the industry gets saturated. While the Chinese and Japanese governments have been adopting strict cryptocurrency policies that have forced leading firms to migrate, the Philippines is opening its arms […]

2021-6-8 00:04


Фото:

Chinese Province Issues 10-Point Agenda for Blockchain Adoption

Hainan, an island province in China released its blockchain policies to foster the growth and development of the emerging technology in the region. According to Chinese crypto news outlet 8BTC, Hainan issued a ten-point blockchain policy measure aimed at upscaling blockchain development by supporting local developers and ensuring increased adoption of the novel tech.

2020-5-29 21:24


$11.4 Billion in Crypto-Based Transactions Flowed Out of China in 2019 Despite Ban: Report

Chinese President Xi Jinping’s call for blockchain adoption really has everyone optimistic that the Chinese central government might also look to regulate crypto trading. However, those hopes came crashing down as the news of the crackdown on crypto service providers in China followed just a few days after the President’s much-talked Blockchain adoption speech. Peckshield, […]

2020-1-13 17:48


Are Chinese Blockchain Venture Capital Firms Back In The Crypto Game?

Most Chinese blockchain-focused venture capital firms deserted the market following the crypto crash of 2018. A large majority are set to return as blockchain adoption in China booms. Chinese blockchain venture capital firms are set for a resurgence, that will help make up for the tragedies of last year’s crypto crash. This comes after the […]

2019-11-5 01:01


Bitcoin [BTC]: Blockchain and industrial cannabis are the future, claims Chinese blockchain organization

The mainstream adoption of cryptocurrencies, especially Bitcoin [BTC], has been the sole purpose of many organizations, with some famous institutions testing the waters too. The latest news from China however, revealed that a blockchain firm would choose cannabis as its core product, over the world’s largest cryptocurrency.

2019-5-3 16:00


Blockchain Adoption Keeps Booming: China’s Alibaba Serious Partnership To Promote Blockchain Development

Chinese internet conglomerate Alibaba has signed a strategic with software development company Aerospace Information Co. to collaborate and leverage… The post Blockchain Adoption Keeps Booming: China’s Alibaba Serious Partnership To Promote Blockchain Development appeared first on Invest In Blockchain.

2019-3-22 10:00


дальше еще 14 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lingo: Real-World Assets Fuel Blockchain Rewards

Discover Lingo’s Web3 platform combining real-world assets and blockchain rewards. Earn $LINGO tokens and redeem real-life prizes from top brands globally. The post Lingo: Real-World Assets Fuel Blockchain Rewards appeared first on NFT News Today.

5 Memecoin Trends to Watch in 2025

Explore emerging memecoin trends, including NFT integration, metaverse adoption, AI incorporation, and gamified experiences, shaping the cryptocurrency landscape. The post 5 Memecoin Trends to Watch in 2025 appeared first on NFT News Today.

Furahaa Taps Growing Vegan Market with New INX Token Listing

Furahaa Group launches FURA tokens on INX, offering fractional ownership in its plant-based business and expanding access for global investors through blockchain technology. The post Furahaa Taps Growing Vegan Market with New INX Token Listing appeared first on NFT News Today.