The Chinese government-owned newspaper, China Daily, has announced its plans to launch an NFT platform. With a dedicated budget and careful consideration for the development of the Metaverse and NFT marketplace, this move highlights China's increasing interest in the digital collectibles space. By entering the NFT market, China Daily aims to tap into the growing popularity and potential of non-fungible tokens.
China Daily's NFT platform is set to connect its digital collectibles platform with popular platforms such as Opensea and LooksRare. This integration with established marketplaces will provide wider exposure for the newspaper's NFTs and enable collectors to easily trade and sell these digital assets. By leveraging the existing user base and infrastructure of Opensea and LooksRare, China Daily aims to maximize the reach and impact of its NFT offerings.
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