thecoinrepublic.com
- The Chinese form of Instagram amalgamated with Conflux Network.
- This amalgamation drives NFTs a step nearer to bulk adoption
Little Red Book, (XiaohongShu), the Chinese form of Instagram amalgamates Conflux Network, layer 1 public blockchain, permitting users to show NFTs minted on Conflux on their profile page in the digital collectible section referred to as ‘R-Space.’
The social media platform has over 200 million active monthly users and this amalgamation drives NFTs a step nearer to bulk adoption, where masses are utilizing Web3 technology on a day-to-day basis inside a Web2 system.
Little Red Book has previous associations with blockchains and NFTs but never a public network.
Ming Wu, CTO of Conflux stated “big internet industry gamers in China have started giving efforts to accept the Web3 change. Conflux is being the massive bridge associating the two worlds and taking a dominating position to enlarge Web3 technology into traditional industry scenes.”
From a law side, having a massive scale like this firm amalgamates a public blockchain additionally sets China’s pro-NFT place, and advice we can anticipate a surge in local firms acknowledging blockchain technology amalgamation with current Web2 firms.
The initial Conflux NFT backed by Little Red Book is from the Mimic Shhans community, which has a big Chinese community base, and possessors of the initial NFT can go through a calculated process to get the Conflux NFT that can be represented on their Little Red Book profile page.
Conflux
Conflux is a public Layer 1 blockchain associated with decentralized economies’ cross-boundaries and protocols. Newly shifted to hybrid PoW/PoS consensus, Conflux gives a swift, protected, and scalable blockchain environment with zero crowding, lesser fees, and enhanced network security.
As the sole regulatory complaint public blockchain in China, Conflux gives a new benefit for project development and exploration into Asia. In the area, Conflux has partnered with brands over the world and government bodies on blockchain and metaverse steps, adding the city of Shanghai, McDonald’s China, and Oreo.
The live Conflux price, at the time of writing, was is $0.054971 USD with a 24-hour trading volume of $28,959,028 USD. At this time, 14.80% in the past 24 hours. The recent CoinMarketCap ranks at the 197th position, having a live market capitalization of $114,929,807 USD. It has a cash flow of 2,090,735,404 CFX coins and the maximum supply is not available.