China’s state-approved blockchain infrastructure project Blockchain Services Network (BSN) has announced that it has launched a platform for Non-fungible tokens (NFT) in the country.
In a press release, it was said that the BSN Distributed Digital Certificate (BSN-DDC) network is a structure for creating NFTs that comply with the regulations that China has made. The Ethereum (ETH) blockchain most widely used in the NFT industry not recommend reported.
Blockchain Services Network binstead of flour It plans to launch 10 Blockchain projects at BSN-DDC. 5 of them are; Ethereum-based Wuhan-Chainpowered by Cosmos-based IRISnet Wenchang-ChainCorda-based Zunyi-Chainbased on EOS Zhongyi-Chain and FISCO BCOS based Tai’an Chain was selected as. It has been reported that they plan to enable fiat money trading thanks to these blockchain projects.
It was also announced that there will be cooperation with many platforms, some of which are state-supported. These partners are the museum and the auction house. Rong Bao Zhai Hainan Cultural and Artistic Centeri, first licensee for NFT marketplace EY’s blockchain partvideo technology service provider Sumavision, baiwang and Hong Kong’s NFT company Digital Art Fair Asia it happened.
The roadmap and management structure of the project, which will have 26 founding partners in total, will be announced at the launch in March.