- Conflux will interface with Little Red Book, China’s version of Instagram.
- The link brings NFTs closer to mass acceptance.
- Conflux has gotten governmental permission in several Chinese locations.
Conflux Network announced that China has integrated Conflux Network as a permissionless blockchain in Little Red Book (Xiaohongshu), the country’s “answer to Instagram.”
Users can showcase NFTs minted on Conflux on their profile page in the lifestyle platform's digital collection section called ‘R-Space."— Conflux Network Official (@Conflux_Network) January 26, 2023
By bridging the two worlds, we are taking a leadership role to expand Web3 technology into traditional industry scenarios. pic.twitter.com/g1ppPG3Ukd
Conflux System has incorporated layer-1 of the current blockchain Xiaohongshu, or “Little Red Book,” a widely used social media application often regarded as the Chinese counterpart of Instagram, letting people flaunt their non-fungible tokens (NFTs) on their personal profiles, Conflux said on Thursday.
The connection puts NFTs one step closer to broad acceptance, where individuals actively utilize Web3 innovation on a regular basis within a Web2 system. Media people in Xiaohongshu have been spotted wearing NFT clothing recently. The digital outfits range in price from 20 yuan (US$2.96) for a head adornment to 5,000 yuan for a sci-fi-themed garment on R-Space.
According to Conflux, the more than 200 million active monthly users of Xiaohongshu can display their NFTs created on the platform in the “R-Space” area for digital collectibles.
Conflux, a company with Singaporean registration, has partnered with companies like McDonald’s China and received official approvals in several regions of China.
Conflux is a Layer 1 trustless network that connects decentralized economies across countries and standards. Conflux has just transitioned to hybrid PoW/PoS consensus and delivers a fast, safe, and expandable blockchain ecosystem with no traffic, cheap fees, and increased network security.
The $CFX token, which serves as the foundation of Conflux’s token economy, allows platform users to pay transaction fees, earn rewards for staking, rent storage, and take part in network governance. Miners are rewarded and encouraged by CFX as they help to maintain the network’s security.