Baidu, China’s international internet technology giant, will distribute 20,000 non-fungible tokens (NFTs) from March 10, 2022. NFTs are related to the morals of Chinese cartoons, and beneficiaries can operate like avatars.
According to local news, applicants will be able to obtain 8,888 distinctive NFT “Talking Cat Cats” works from March 10, 2022 to March 12, 2022.
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The media also reported that at the 16th birthday celebration event of the famous Fox cartoon personality “Ali”, Baidu could unleash a small 3,160 avatars on March 16, 2022.
Chinese airdrop trapper may buy new lots at Baidu’s “Xuper Chain” or “Super Chain” Dedicated blockchain network.. Baidu has launched the first beta blockchain network among Chinese technology companies on this blockchain network. Most Chinese companies are already working on blockchain technology, but Baidu first launched a public beta.
In response to recent competition in the crypto industry, Chinese regulators have announced hypotheses about NFTs and are committed to properly checking the use of NFTs in the state. Demand has declined due to regular crackdowns, but Chinese cyber citizens are still creating sufficient requirements and authorities will control them.
Baidu plays a major role in NFT technology development
Baidu has already taken a step in late February and has provided many NFTs displaying the theme of the Olympics.
Baidu is not the only player to promote NFTs in the Chinese market, but the well-known major Chinese telecommunications company Tencent has already opened its own NFT market. From last year. The platform had already advertised its launch in August 2021 by offering 300 NFTs called vinyl records based on the celebrity talk show “Shisanyao” developed by the famous Tencent.
Alibaba, one of the world’s largest e-commerce platforms, launched blockchain-based asset trading and digital copyright through auctions in the same month.
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In early December, BeInCrypto announced that the Taiwanese news agency had set up its own news agency. NFT collection For allocation. Chinese regulators are well aware that NFT development is growing in uncertain domestic markets.Last November, the People’s Daily, famous as a spokesperson for the Communist Party, questioned the existing trends in NFTs. “A zero-sum game hyped by crypto investors and capital.”
Overview of the NFT market
Unlike the market withdrawal, the demand for non-fungible tokens has not yet been resolved.According to the report by Non-fungible token Market Writer Non-Fungible Token (NFT) sales increased to $ 93 million as of March 9, 2022. NFT sales surpassed a record $ 77,185 in October last year.
According to the CryptoSlam data collection report, NFT secondary daily sales are leading the CryptoBrokers exchange with a figure of $ 7.3 million.
Featured image from Pixabay and Chart from TradingView.com
