The Chinese government-owned China Daily newspaper announced that it wants to establish its own NFT platform. While the newspaper said that a reward of approximately 400 thousand dollars would be given to the company that will design the platform, this move of China, which has banned all kinds of digital asset transactions since 2021, confused people.
Award will be given for the design
China Daily, an English-language newspaper owned by the Publicity Department of the Communist Party of China, has stated that it wants to create its own metaverse and NFT platform.
According to a recent announcement, China Daily will award 2,813 million Yuan ($390,000) to an independent firm that can design the NFT platform within budget specifications. China Daily also underlined that the company could be a “Chinese or foreign” company specializing in blockchain. In addition, it was reported that the main network of the blockchain company that wins the contract must be capable of processing more than 10 thousand transactions per second.
It aims to “spread the influence of Chinese civilization”
Companies will have until October 17 to submit their applications and design the platform within three months. The purpose of the China Daily NFT Platform is to “improve the spread of Chinese civilization influence” through such means as “Metaverse, virtual reality (VR), augmented reality (AR), mixed reality (AR), and the use of Blockchain, NFT, big data, cloud computing and other technologies.” It was announced as.
The developers stated that the platform should “allow the uploading, viewing and management of digital collections and support multimedia forms and multiple collection types.” It was emphasized that pricing, bidding and limited-time functions should also be integrated into the NFT platform, as well as multi-currency settlement.
The following statements were included in the announcement regarding the subject:
“In addition to its own platform, domestic and international mainstream NFT platforms suitable for publishing digital collections will be selected to publish NFT digital collections, according to the project goals and target audience groups. Foreign platforms include OpenSea, Rarible, SuperRare, Foundation, etc. is located.”
On the other hand, China has banned all types of cryptocurrency transactions since 2021. While some blockchain organizations still operate in the country, they often face intense scrutiny from law enforcement.
