Conflux (CFX) altcoin, It will integrate with Little Red Book, the Chinese adaptation of Instagram, which will allow users to showcase their NFTs on the platform. The Conflux Network’s official Twitter page tweeted the news today.
Conflux is a layer 1 blockchain protocol designed to connect creators, communities and markets across protocols and borders.
China’s Instagram Little Red Book Launches Conflux Altcoin Integration
Little Red Book has announced that it has integrated with Conflux to allow its users to issue non-fungible tokens (NFTs).
NFTs minted on the Conflux network will be viewable on profile pages in the digital collection section called R-Space.
The NFT integration will allow over 200 million Little Red Book users to mint their profile pictures on the Conflux blockchain.
“…the integration of a permissionless blockchain by such a large-scale company further solidifies China’s pro-NFT position,” the press release said.
CFX altcoin price, which was at $ 0.032 before the news, jumped up to $ 0.071 after the news from China.
The coin is already big like Binance and OKX. cryptocurrency listed on the stock exchanges.
Conflux’s CTO Ming Wu said about the integration:
“Major internet industry companies in China have initiated efforts to embrace Web3 transformation. Conflux is becoming an important bridge connecting the two worlds and taking a leadership role to expand Web3 technology to traditional industry scenarios.”
The move from Web2 to Web3 has spearheaded the current crypto market resurgence, with several brands launching NFT collections, including Nike and automaker Porsche.
*Not investment advice.
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