Baidu To Distribute 20,000 NFTs To Grow The Market

Time:2022-03-11 Source: 1489 views NFT Copy share

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.

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.  

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.

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. 

 

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