• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Baidu
Nexo

Baidu To Distribute 20,000 NFTs To Grow The Market

Dan B by Dan B
2 months ago
in NFT
0

Baidu, a Chinese international internet technology giant, planned to distribute twenty thousand Non Fungible Tokens (NFTs) from March 10, 2022. The NFTs relate to Chinese cartoon morality, and beneficiaries can operate just as avatars.  

As per local news, applicants may obtain a “talking tom cat” production of 8,888 distinctive NFTs from March 10, 2022, to March 12, 2022.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Related Reading | How Secretum Plans To Take Over NFT Gaming

The media also informed that Baidu will likely unleash little 3,160 avatars on March 16, 2022, at the festivity event of the sixteenth birthday of the famous Fox cartoon personality “Ali.” 

BTC Chart
Bitcoin price is trading around $39,000 with a 6% decline | Source: BTC/USD chart from Tradingview.com

Airdrop trappers of China may go for a new lot on Baidu’s “Xuper Chain” or “Super Chain” on its exclusive blockchain network.  Baidu inaugurated the first beta blockchain network among Chinese Technology firms in this blockchain network.  Although most Chinese firms are already working on blockchain technology, Baidu is the first to initiate a public beta version.  

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

In response to recent competition in the crypto industry, Chinese regulatory authorities notified the hypothesis regarding NFTs and are committed to having a proper check on their use within the state. A regular crackdown resulted in a decrease in demand, but still, cybercitizens of China are generating sufficient requirements, so authorities intend to control them.   

Baidu Playing Major Role in NFT Technology Development

Baidu has already taken a step in late February and delivered a lot of NFTs displaying Olympic themes. 

Baidu is not a single player promoting NFTs in the Chinese marketplace, whereas a big and famous Chinese telecom, Tencent, had already inaugurated its owned NFT marketplace since last year. The platform had already advertized the inauguration in August 2021 by providing 300 NFTs called vinyl records based on the famous Tencent-developed celebrity talk show “Shisanyao.”

One of the world’s biggest e-commerce platforms, Alibaba, inaugurated a blockchain-powered asset trade and digital copyright through an auction in the same month. 

Related Reading | The Nightly Mint: Daily NFT Recap

In early December, BeInCrypto publicized that the Chinese republic news agency formed its own NFT collections for allotment. The regulatory authorities of China are well aware that NFT development is growing in an uncertain market in the country. Last November, People’s Daily, famous as a spokesperson of Communist Party, raised a question mark at NFT’s existing trend “zero-sum game hyped by cryptocurrency investors and capital.”    

An Overview Of NFT Market

Unlike market withdrawal, the demand for Non-Fungible Tokens has still not dissolved. According to reports by the Nonfungible market writer, daily sales of Non-Fungible Token (NFTs) have risen to $93 million as of March 09, 2022. The sales figures of NFTs have crossed the ever highest sales of $77,185 in last October.   

According to the data collection reports of CryptoSlam, secondary daily sales of NFTs are leading with figures of $7.3 million on the CryptoBrokers exchange. 

                       Featured image from Pixabay and Chart from TradingView.com

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Dan B

Dan B

Veteran crypto and finance writer & editor.

Related Posts

Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

1 day ago
Avatars

Avatars For Ukraine – Top Video Game Artists, Celebs Create Poignant NFT Artworks

1 day ago
NFTs In A Nutshell: A Weekly Review

NFTs In A Nutshell: A Weekly Review

3 days ago
metaverse

Metaverse Land Value Is Dropping – Should You Buy Now?

1 week ago
The Nightly Mint: Daily NFT Recap

The Nightly Mint: Daily NFT Recap

1 week ago
Madonna

Madonna Gives Birth To Flora And Fauna In 1st Beeple NFT Project (That’s NSFW)

1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.