China Daily has announced its foray into non-fungible tokens (NFTs) and metaverse. With a budget of approximately $390,000, the publication seeks a competent third-party contractor to bring its envisioned NFT platform to life.

Embracing Domestic and International Blockchain Specialists

Contrary to expectations of a preference for domestic expertise, China Daily, a prominent English-language newspaper owned by the Publicity Department of the Chinese Communist Party, welcomes domestic and international blockchain specialists to collaborate on this venture, according to Cointelegraph.

The chosen blockchain firm's mainnet should be able to handle 10,000 transactions per second, as specified by the publication, as per a report by Crypto News.

Prospective contractors must submit their applications by the October 17 deadline. Once selected, the firm will have a three-month timeframe to manifest the NFT platform. The ultimate aim of China Daily's NFT Platform is to amplify the reach and resonance of Chinese civilization.

Confluence of Cutting-Edge Technologies

The envisioned NFT platform will harness a confluence of cutting-edge technologies. It will incorporate virtual, augmented, and mixed reality, along with the transformative capabilities of blockchain, NFTs, big data, and cloud computing.

The platform blueprint mandates support for a broad spectrum of functionalities. Users will have the ability to upload, showcase, and manage diverse digital collections.

Additionally, embedding pricing, bidding, and limited-time offers will enhance the platform's appeal. Furthermore, the infrastructure will enable transactions in multiple currencies.

Collaborating with International NFT Platforms

China Daily aims to expand the reach of its NFT platform. Digital collections hosted on the platform may also find a home on international NFT platforms such as OpenSea, Rarible, and SuperRare. This strategic move will enable wider exposure to global audiences.

While China has banned all cryptocurrency transactions since 2021, blockchain enterprises continue under strict surveillance. Such entities operate under the country's watchful eyes of law enforcement agencies.

"In addition to its own platform, based on the project goals and audience groups, domestic and overseas mainstream 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."

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