Chinese Technology Behemoth Baidu To Unfurl NFT Marketplace

• Latest technology mammoth is about to dive deeper in Non-Fungible Token ocean, with Chinese organization planning a large airdrop.
• Folks can hunt down Chinese airdrop this latest collection on Baidu’s “Xuper Chain” or “Super Chain,” its own network of blockchain.
• Baidu is not the only organization with aspirations towards NFTs, telecoms behemoth Tencent released its own marketplace previous year.

Baidu Coming Up With Big Airdrop

The newest technology mammoth Baidu, based in China, is digging deeper into NFT space.

Baidu, a Chinese Multinational internet organization, is going to drop 20,000 Non-Fungible Tokens commencing on March 10th. These tokens will represent Chinese animated characters which the folks can utilize as avatars.

The “talking tom cat” NFT channel will consist of 8,888 distinct NFTs, which users can claim between 10-12 March as per domestic media.

As per the report, the famed animated character “Ali” will commemorate his 16th birthday on 16th March, and Baidu will launch 3,160 limited avatars as a part of this celebration.

Folks who want to hunt down this airdrop can look out for the latest collection on Baidu’s “Xuper Chain” and “Super Chain,” its own network of blockchain. Linking the Baidu application will allow the folks to receive them on a certain given date.

NFT Channel High On Demand In China

In its persisting war on cryptocurrency, Chinese authorities have alerted citizens against speculations on Non-Fungible Tokens and targets to handle their utility in the nation.

The continuous suppressions have done minor to repress hype, however, if this demand stays high among netizens based in China and regime is still to be banned.

Baidu has formerly dispersed NFT channels with Olympic-themed Non-Fungible Tokens dropping during late February.

Baidu is not the sole Chinese entry with NFT aspirations as Chinese telecoms mammoth Tencent released its NFT site the previous year, though the collection is not among the most valuable NFT collections, it’s pretty significant. That project promoted release in August by the issuance of 300 NFTs designed as vinyl records based upon a well-liked celebrity talk show developed by Tencent, Shisanyo.

In a similar month, Alibaba released the “Blockchain Digital and Asset-Trade,” the NFT site on its auction project.

Back in December, a news website offered a report that Chinese state media minted its own NFT collections for dispersion.

NFTs are still in a gray area in China, and the regime seems to be robust for them now. Back in November, Communist Party’s statement got published regarding questioning NFTs, claiming the trend to be an unprofitable game hyped by digital asset capital and investors.

NFT Sector Slant

NFT fever is still on high and is not going anywhere. NFT sites are seeing a high volume in sales for the past few years, indicating their robust growth.

Many big artists have entered this space following its ability to offer massive profits through sales of their artworks and more.

Some of the most valuable NFT collections remain BAYC, CryptoPunks, and more.

Folks who are interested in generating revenues through their works, especially the ones who are into digital art. You can take note of some of the most valuable NFT collections as mentioned above in this section.

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Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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