China's Blockchain Services Network will provide the tech to implement NFTs into personal user interfaces in exchange for Chinese yuan.

The post China-backed Blockchain Services Network eyes support for NFTs appeared first on The Block.

China’s government seems to be embracing non-fungible tokens (NFTs) over cryptocurrencies. Hong Kong news outlet The South China Morning Post reported today that the government-backed China blockchain-based services network Blockchain Services Network (BSN) plans to launch a new NFT infrastructure later this month. The major point is that there is no connectivity between the infrastructure [...]

The post Government-backed Services Network is Building NFT Infrastructure In China appeared first on Blockonomi.

Continue reading at Coinspeaker

China plans to have an NFT industry; it just won’t be connected in any way to cryptocurrencies.

China does not want its crackdown on cryptocurrencies to cause the country to fall behind in the NFT boom.

Bianjie is a long-term core contributor to IRISnet and the Cosmos network — and no one is better placed to discuss Bianjie’s plans...

On September 1, BSNbase announced that it has partnered with the Korean blockchain high-tech company MetaverseSociety to launch the Korean BSN portal operator...

China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area.

China's Bitcoin ban is spreading to Yunnan Province, but the government is doubling down on 'independent' blockchains, in this week's da bing.

May 18, 2021 – George Town, Cayman Islands BlockSwap Network is pleased to announce a strong partnership and collaboration with Algorand. Through this collaborative effort, both teams will bring forth the AlgoSaver solution. Introducing a sustainable saving market for mainstream users by offering 7% on USD deposits is a significant milestone for both teams. The […]

The post BlockSwap Network Partners With Algorand To Build Next-Gen DeFi Project AlgoSaver appeared first on The Daily Hodl.

[PRESS RELEASE – George Town, Cayman Islands, 18th May 2021] BlockSwap Network is pleased to announce a strong partnership and collaboration with Algorand. Through this collaborative effort, both teams will bring forth the AlgoSaver solution. Introducing a sustainable saving market for mainstream users offering 7% on USD deposits is a significant milestone for both teams. […]

TL;DR Breakdown • Beijing seeks to improve Blockchain technology with an automated project.• BSN’s support is high, and Beijing could manage to complete it. China has made attempts to enter into Blockchain technology. Beijing launched an initiative to bring order to the technology that works on cryptocurrencies. Many operational problems have occured to this technology, […]