Sponsored
January 25, 2023

China’s “Instagram” chooses Conflux Network for permissionless blockchain integration

Toronto, Canada, 24th January, 2023, Chainwire

Little Red Book, (XiaohongShu), the Chinese version of Instagram integrates Conflux Network as permissionless blockchain allowing users to showcase NFTs minted on Conflux on their profile page in the digital collection section called ‘R-Space’.

The platform has more than 200 million active monthly users and this integration brings NFTs a step closer to mass adoption, where people are actively using Web3 technology on a daily basis within a Web2 system.  

Little Red Book has previous alliances with blockchains and NFTs but never a permissionless network. 

Ming Wu, CTO of Conflux said “large internet industry players in China have initiated efforts embracing the Web3 transition. Conflux is becoming the major bridge connecting the two worlds and taking a leadership role to expand Web3 technology into traditional industry scenarios.”

From a regulation perspective, having such a large-scale company integrate a permissionless blockchain further solidifies China’s pro-NFT position and suggests we can expect an increase in local companies considering blockchain technology integration with existing Web2 companies. 

The first Conflux NFT supported by Little Red Book is from the Mimic Shhans community, which has a large Chinese community base, and owners of the original NFT can go through a predefined process to receive the Conflux NFT that can be shown on their Little Red Book profile page.

To see full images please see the Dropbox link:  https://www.dropbox.com/sh/s2i440p5hf2s2aw/AAC-JfdxXApMResEpMSqCjDEa?dl=0

About Conflux
Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security.

As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

To learn more about Conflux, visit confluxnetwork.org

Contact

Melissa Tirey
Shift6 Studios
[email protected]

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Chainwire is the top blockchain and cryptocurrency newswire, distributing press releases, and maximizing crypto news coverage.

More articles
Chainwire
Chainwire

Chainwire is the top blockchain and cryptocurrency newswire, distributing press releases, and maximizing crypto news coverage.

Hot Stories

Bitcoin Layer-2 Project BEVM Unveils Mainnet Launch

by Alisa Davidson
March 28, 2024

Tether’s USDT Now Deployed on Celo Network Mainnet

by Alisa Davidson
March 27, 2024
Join Our Newsletter.
Latest News

Bitcoin Layer-2 Project BEVM Unveils Mainnet Launch

by Alisa Davidson
March 28, 2024

Supply and Demand Zones

Cryptocurrency, like any other currency, is a financial instrument based on the fundamental economic principles of supply ...

Know More

Top 10 Crypto Wallets in 2024

With the current fast-growing crypto market, the significance of reliable and secure wallet solutions cannot be emphasized ...

Know More
Join Our Innovative Tech Community
Read More
Read more
DED Trends on Twitter After Memecoin Snapshot Announcement
Sponsored
DED Trends on Twitter After Memecoin Snapshot Announcement
March 28, 2024
Zircuit Launches Build to Earn Program to Reward Ecosystem Contributors
Sponsored
Zircuit Launches Build to Earn Program to Reward Ecosystem Contributors
March 27, 2024
Sui and Revolut Launch Global Partnership to Accelerate Blockchain Education and Adoption
Sponsored
Sui and Revolut Launch Global Partnership to Accelerate Blockchain Education and Adoption
March 27, 2024
ceτi AI Announces Partnership Innovation Fund to Accelerate Innovation in Decentralized AI
Sponsored
ceτi AI Announces Partnership Innovation Fund to Accelerate Innovation in Decentralized AI
March 27, 2024
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.