Cryptocurrency

China’s “Instagram” Chooses Conflux Community for Permissionless Blockchain Integration

[PRESS RELEASE – Toronto, Canada, 24th January 2023]

Little Crimson E book, (XiaohongShu), the Chinese language model of Instagram, integrates Conflux Community as permissionless blockchain permitting customers to showcase NFTs minted on Conflux on their profile web page within the digital assortment part known as ‘R-Area.’

The platform has greater than 200 million lively month-to-month customers and this integration brings NFTs a step nearer to mass adoption, the place individuals are actively utilizing Web3 expertise every day inside a Web2 system.

Little Crimson E book has earlier alliances with blockchains and NFTs however by no means a permissionless community.

Ming Wu, CTO of Conflux mentioned, “massive web business gamers in China have initiated efforts embracing the Web3 transition. Conflux is changing into the main bridge connecting the 2 worlds and taking a management function to broaden Web3 expertise into conventional business eventualities.”

From a regulation perspective, having such a large-scale firm combine a permissionless blockchain additional solidifies China’s pro-NFT place and suggests we are able to anticipate a rise in native corporations contemplating blockchain expertise integration with current Web2 corporations.

The primary Conflux NFT supported by Little Crimson E book is from the Mimic Shhans neighborhood, which has a big Chinese language neighborhood base, and homeowners of the unique NFT can undergo a predefined course of to obtain the Conflux NFT that may be proven on their Little Crimson E book profile web page.

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

About Conflux

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies throughout borders and protocols. Lately migrated to hybrid PoW/PoS consensus, Conflux gives a quick, safe, and scalable blockchain atmosphere with zero congestion, low charges, and improved community safety.

As the one regulatory-compliant public blockchain in China, Conflux gives a singular benefit for tasks constructing and increasing into Asia. Within the area, Conflux has collaborated with world manufacturers and authorities entities on blockchain and metaverse initiatives, together with town of Shanghai, McDonald’s China, and Oreo.

To study extra about Conflux, go to confluxnetwork.org

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