Connect with us

Press Release

What’s the NFT game Tencent & Alibaba Rush into?

Published

5 years ago

on

In June 2021, Alibaba and Dunhuang Arts Institute jointly released two NFTs, Dunhuang Flying Sky and Nine Color Deer App skins, which were limited to 16,000 in the world. The works were looted as soon as they were released.

On June 26, 2021, NetEase and Nervina Labs released their first NFT work on Taobao.

On August 3, 2021, Chinese tech giant Tencent’s  NFTs trading platform -Huanhe launched 300 copies “Vinyl Record NFT” authorized by TV program “Thirteen Invitations”, and sold out instantly.

Chinese giants’ capital is vying to chase, and it’s so fierce. So far people can’t help asking, what is NFT?

Meet NFT

NFT is short for Non-fungible Token，which is relative to the concept of Fungible Token (FT), each NFT has a unique and only identification, which is not interchangeable, and the smallest unit is 1 and indivisible.

Generally, BTC, ETH, etc. we familiar with are Fungible Token. For example, BTC everyone owns is same, it’s interchangeable with each other, can also be divided into 0.1, or 0.01 without affecting the value and use.

NFT represents indivisible and non-interchangeable items in reality, such as a real estate certificate, a famous painting, a piece of game equipment and so on. They are all unique, and completely lose their value and practicality after being divided. The most typical are collectibles and artworks. These products with non-fungible genes are digitized and tokenized using blockchain technology, and they have become popular NFTs today.

NFT is one and only

Economics stipulates that currency is a unity equivalent and a carrier of consensus on value. In modern society, personal wealth is no longer measured by currency holdings, but includes the value and quantity of assets under his name. Its assets include but not limited to items with market value such as houses, cars, stocks, etc. In most case, the value carried by an asset often far exceeds the value of the cash value they hold. However, real assets have two major shortcomings: poor liquidity and high cost of confirmation. For example, the determination of the right of a house needs to rely on the registration of the Housing Management Committee to determine the ultimate ownership of the house.

But in the blockchain world, the assets we currently have are BTC, ETH with currency attributes. After meeting demand for monetary assets, a value medium of non-monetary assets will naturally emerge, and this is NFT. Relying on the decentralization, immutability and cryptographic authentication of the blockchain, NFT solves a series of problems of real assets:

• The asset is unique and cannot be faked

• Strong liquidity, real-time trading;

• Cryptography is the confirmation and cannot be tampered with.

In addition, NFT also has features that cryptocurrency does not have. Its unique features can be used for identity certification, item ownership certification, virtual props, etc. NFT makes crypto assets more practical, enabling users to expand the utilization of valuable assets in the form of NFT, and is protected by blockchain technology.

NFT Boom Out

NFT is not a new thing born this year, it has made any public appearances early in 2017, but more regarded as a niche thing within Ethereum.

So, what is the real important promoter of NFT out of the circle?

First, let’s ask a question: How much would a digital picture be? The answer is $69.3 million！

On March 11, 2021, an unknown artist Beeple collaged his daily art work for the past thirteen years into a digital picture called “everyday: the first 5000 days”. At Christie’s, it was sold for $69.3 million, which shocked the world.

Overnight, NFT became the outlet. This 40-year-old American painter also made great fortune overnight. The popularity of NFT has caused a huge sensation in many fields such as art, venture capital, and finance.

Commercial filed such as NBA, Samsung, McDonald’s, Marvel, movie stars, etc. are all releasing their own NFT products, and venture capital industry such as Three Arrows Capital, Signum Capital, NGC Ventures, Coinbase, etc. have begun to invest in this field. Internet giants such as Tencent, JD, Facebook, Twitter, etc. are all laying out the NFT battlefield. The opportunities and challenges brought by NFT are more than that brought by the mobile Internet to the Internet.

From the perspective of business history, iPhone, Amazon, Microsoft, etc. were initially used by industry insiders. After going out of the circle by marketing, products, and the trend of the times, the entire society began to accept them, and they evolved from product for a specific group into mass infrastructure. Although the development of NFT is still at an early stage, the boom out of NFT will continue the historical trajectory and accelerate the application of blockchain technology. It is of great significance for promoting the digitalization of society.

NFT Bright Future

Except crypto artworks, will NFT have wider applications? We can find that NFT will be widely used in the future. For example, the recent popular NFT+DeFi and NFT+game, as well as the concept of meta-universe, are inseparable from the future development of NFT. The physical application of NFT will solve many problems for the society, such as: 

First, intellectual property. NFT can represent a painting, a song, a patent, a film, a photo, or other intellectual property rights. NFT can help each unique thing to register the copyright and help it identify the patent.

Second, physical assets. Real estate such as houses and other physical assets are digitized through NFT. It can be used in financial markets such as the circulation of assets.

Third, records and identification. The unique features of NFT, can be used to verify identity and birth certificates, driver’s licenses, academic certificates, etc., to prevent abuse or tampering.

There will be many physical applications of NFT in the future, which will surely solve various practical problems for the society. Presumably this is the ultimate goal of various giant capitals. As the world’s first physical digital economy token trading platform-BtLux Exchange focuses on the implementation of blockchain scenarios that are closely related to people’s lives.

Different from other cryptocurrencies with no entity value support, BtLux regards the underlying innovation of the blockchain as an important breakthrough in the independent innovation of core technology, and takes the use of blockchain to trade, calculate, and record to promote real economic activities on the chain under supervision. At the same time, realize the market operation and value management of digital assets after the certification, redefine the interest distribution relationship of producers, consumers and participants, and form a brand new financial and business model.

Soon, BtLux will accelerate the integration of NFT and physical enterprises based on years of experience in the implementation of blockchain physical scenarios, provide top-level business architecture design and digital economic model design for physical enterprises, and jointly build “blockchain” + “new ecology”, So that participants in the entire chain can benefit. It would bring tangible benefits to the real economy and the entire society, and be widely recognized by the society, making digital currency a living water, flowing in the real economy, and bringing benefits to the real economy more vitality and new power.

NFT is a new world brought about by the technological explosion era, and the digitalization process of the real world in the next ten years will also be greatly accelerated. In the future, only when NFT accelerates the deep integration of the real economy and the digital economy, the technological value of the blockchain will gradually emerge in this process. It will be able to bring new business models and reconstruct distribution models, market structures, organizational forms, and industry relationships to promote human beings to a new era of digital civilization, and in that, BtLux will become an indispensable promoter.

BtLux Official website: https://www.btlux.top/

About Author

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Related Topics:
Continue Reading

Press Release

Giggso Introduces Raven, Andie, and AIRTaaS to Help Enterprises Bring Discipline, Reasoning, and Security to AI Adoption

Published

5 hours ago

on

May 26, 2026

By

TROY, Mich., May 26th, 2026, ZEX PR WIRE — Enterprises are moving faster with AI than ever before. But many are also quietly losing comprehension of the systems they are building.

Engineering teams now generate code, workflows, automations, and AI-driven decisions at unprecedented speed using tools like Claude, Codex, Cursor, and enterprise copilots. While productivity has increased, organizations are also experiencing a new operational challenge: more meetings, fragmented workflows, inconsistent outputs, security concerns, architecture drift, and growing difficulty understanding how systems actually work together.

Giggso calls this problem “comprehension debt” — the growing gap between AI-generated velocity and organizational understanding.

Today, Giggso announced Raven, Andie, and AIRTaaS, three offerings designed to help enterprises reduce comprehension debt and bring discipline, reasoning, and continuous security testing into AI adoption at scale.

Together, the offerings form the front door into GSD (Giggso Security Domain), Giggso’s broader architecture for governing, securing, and operationalizing enterprise AI systems.

“At a small scale, AI feels magical,” said Ravi Venugopal, Founder and CEO of Giggso. “At enterprise scale, it can quickly become operational chaos. Teams move faster, but understanding drops. Meetings increase. Ownership blurs. AI starts producing more than organizations can realistically comprehend or govern. That is the problem we are solving.”

At the center of the announcement is Raven, Giggso’s discipline layer for AI-assisted software development.

Raven is designed to help organizations enforce engineering discipline inside AI-driven development workflows before problems reach production. Rather than acting as a traditional code scanner after development is complete, Raven introduces governance, architecture awareness, policy enforcement, and review controls directly into AI-assisted coding environments.

The platform helps organizations identify risks such as:

  • architecture drift
  • unapproved libraries
  • exposed secrets
  • policy violations
  • insecure dependencies
  • undocumented AI-generated logic
  • uncontrolled AI usage patterns

The goal is not to slow development, but to preserve organizational understanding as teams move at AI speed.

“AI can now generate code faster than teams can comprehend it,” Ravi said. “Without discipline, enterprises accumulate technical debt, security exposure, and operational confusion at machine speed. Raven helps organizations preserve engineering quality and architectural understanding while still moving fast.”

Giggso also introduced Andie, a structured reasoning engine designed to help enterprises improve contextual thinking and operational decision-making across teams.

Unlike traditional chatbot-style AI interfaces that generate isolated answers, Andie is designed to help organizations reason through problems with context, constraints, and multiple perspectives in mind. The platform is intended to support operational workflows across delivery, strategy, planning, support, and execution environments.

Giggso believes one of the biggest failures in enterprise AI adoption is not a lack of intelligence, but a loss of shared understanding.

“Most organizations do not need another chatbot,” Ravi said. “They need systems that help teams think more clearly together. AI should reduce confusion, not multiply it. Andie is designed to strengthen organizational reasoning, preserve context, and reduce the fragmentation that happens when every team operates with disconnected AI outputs.”

To address the growing security risks around enterprise AI adoption, Giggso is also expanding AIRTaaS, its AI Red Teaming as a Service platform.

As enterprises deploy AI agents, copilots, retrieval systems, and autonomous workflows into production, traditional security testing approaches are increasingly insufficient. AI systems can fail through prompt injection, hallucinations, role-boundary violations, tool misuse, unsafe autonomy, data leakage, and adversarial manipulation.

AIRTaaS continuously stress-tests AI systems against these real-world failure scenarios before they become operational incidents.

The platform combines:

  • AI red teaming
  • observability
  • governance workflows
  • incident tracking
  • remediation guidance
  • human-led adversarial testing

To strengthen its execution capabilities, Giggso has partnered with Seiance India, a woman-owned AI security startup based in Chennai, India, whose product, Trinity, is an AI security and observability platform.

“AIRTaaS turns AI security into an operational discipline instead of a compliance checkbox,” said Abhinaya, CEO of Seiance India P Ltd.
“Enterprises need continuous stress testing because AI systems are constantly evolving. Our focus is helping organizations identify weaknesses early, validate resilience continuously, and improve trust in production AI systems.”

Giggso also announced that portions of AIRTaaS and related tooling will be free for Individual Developers, while core Enterprise developer-focused red teaming capabilities will be low-cost and easy to certify for teams.

The company said the decision reflects a growing concern about “AI washing” — where organizations overstate AI capabilities without sufficient operational rigor — and the rise of “AI slop,” low-quality AI-generated outputs that appear acceptable on the surface but fail under real operational conditions.

“We believe AI adoption needs more honesty, more discipline, and far more operational accountability,” Ravi said. “The future belongs to organizations that can scale AI without losing security, comprehension, governance, and trust in the process.”

Raven, Andie, and AIRTaaS are part of GSD (Giggso Security Domain), Giggso’s enterprise architecture for governing AI systems, coding workflows, observability, orchestration, reasoning, and AI operational security across the enterprise.

More information is available at Giggso

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Caladan Launches API Liquidity: Institutional Access to Aggregated Digital Asset Liquidity Across 100+ Tokens

Published

8 hours ago

on

May 26, 2026

By

Singapore, May 26th, 2026, ZEX PR WIRE — Institutional counterparties can now access executable streaming prices and RFQ liquidity for spot and perpetuals on 100+ digital assets through the Caladan API, launched today by Caladan, the largest Asia-headquartered market maker for digital assets.

Built on nearly a decade of active trading, Caladan continuously aggregates pricing and depth from 20+ on-chain protocols, 47+ centralised exchange integrations, and bilateral relationships. The result is a single pricing feed that delivers tighter spreads, higher fill rates, and full depth on long-tail tokens.

“Fragmentation is the defining liquidity challenge in digital assets today. A single exchange, a single counterparty, or a single OTC desk will always have an incomplete view of price and depth. We have spent nine years building the infrastructure to see the whole market simultaneously, and API Liquidity makes that infrastructure available to institutional participants through a single API connection.” – John Gu, CEO, Caladan

Why aggregation produces better pricing

Digital asset liquidity is highly fragmented across centralised exchanges, decentralised protocols, regional venues, bilateral broker-dealers, and OTC desks. Caladan’s sourcing model is the commercial differentiator. The firm facilitates over $170 billion in annual trading volume across more than 100 assets, which means its pricing engine is continuously calibrated against a wider range of market signals. The more heterogeneous the sourcing — on-chain, off-chain, bilateral, and platform-routed simultaneously — the tighter the spread and the deeper the available size at any given price point.

The broadest token coverage of any market maker

API Liquidity provides access to the top 100 tokens — the widest token coverage available from any market maker globally. Coverage spans spot and perpetuals.

For institutional participants managing diversified digital asset portfolios or building crypto-embedded products, this breadth eliminates the need to maintain multiple liquidity provider relationships to cover the full token universe.

Flexible connectivity and settlement

API Liquidity is designed for immediate integration with minimal development overhead. Counterparties can connect through the channel that fits their existing workflow:

  • Direct API: Native FIX connectivity (4.2, 4.4, 5.0) for firms that prefer a direct bilateral connection

  • Platform partners: Desks already connected to Talos, Finery Markets, or CrossX can access Caladan liquidity with no additional integration work

Settlement is handled through institutional partners, with options for fiat and stablecoins:

  • Hidden Road and BitGo Go Network for custodial settlement

  • Customers Bank CUBIX for fiat settlement in USD

  • USDT and USDC settlement available directly

Competitive credit and margin terms are available for qualifying counterparties. Fiat currency pairs including EUR and JPY are in development, with additional currencies in the pipeline.

About Caladan

Caladan is Asia’s largest digital asset market maker, headquartered in Singapore with teams across seven global offices. Since 2017, Caladan has facilitated over $170 billion in annual trading volume, operating across 65+ exchanges worldwide. The firm provides market-making, OTC trading, DeFi expertise, and investments to institutional participants globally.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Caladan Launches API Liquidity: Institutional Access to Aggregated Digital Asset Liquidity Across 100+ Tokens

Published

8 hours ago

on

May 26, 2026

By

Singapore, May 26th, 2026, ZEX PR WIRE — Institutional counterparties can now access executable streaming prices and RFQ liquidity for spot and perpetuals on 100+ digital assets through the Caladan API, launched today by Caladan, the largest Asia-headquartered market maker for digital assets.

Built on nearly a decade of active trading, Caladan continuously aggregates pricing and depth from 20+ on-chain protocols, 47+ centralised exchange integrations, and bilateral relationships. The result is a single pricing feed that delivers tighter spreads, higher fill rates, and full depth on long-tail tokens.

“Fragmentation is the defining liquidity challenge in digital assets today. A single exchange, a single counterparty, or a single OTC desk will always have an incomplete view of price and depth. We have spent nine years building the infrastructure to see the whole market simultaneously, and API Liquidity makes that infrastructure available to institutional participants through a single API connection.” – John Gu, CEO, Caladan

Why aggregation produces better pricing

Digital asset liquidity is highly fragmented across centralised exchanges, decentralised protocols, regional venues, bilateral broker-dealers, and OTC desks. Caladan’s sourcing model is the commercial differentiator. The firm facilitates over $170 billion in annual trading volume across more than 100 assets, which means its pricing engine is continuously calibrated against a wider range of market signals. The more heterogeneous the sourcing — on-chain, off-chain, bilateral, and platform-routed simultaneously — the tighter the spread and the deeper the available size at any given price point.

The broadest token coverage of any market maker

API Liquidity provides access to the top 100 tokens — the widest token coverage available from any market maker globally. Coverage spans spot and perpetuals.

For institutional participants managing diversified digital asset portfolios or building crypto-embedded products, this breadth eliminates the need to maintain multiple liquidity provider relationships to cover the full token universe.

Flexible connectivity and settlement

API Liquidity is designed for immediate integration with minimal development overhead. Counterparties can connect through the channel that fits their existing workflow:

  • Direct API: Native FIX connectivity (4.2, 4.4, 5.0) for firms that prefer a direct bilateral connection

  • Platform partners: Desks already connected to Talos, Finery Markets, or CrossX can access Caladan liquidity with no additional integration work

Settlement is handled through institutional partners, with options for fiat and stablecoins:

  • Hidden Road and BitGo Go Network for custodial settlement

  • Customers Bank CUBIX for fiat settlement in USD

  • USDT and USDC settlement available directly

Competitive credit and margin terms are available for qualifying counterparties. Fiat currency pairs including EUR and JPY are in development, with additional currencies in the pipeline.

About Caladan

Caladan is Asia’s largest digital asset market maker, headquartered in Singapore with teams across seven global offices. Since 2017, Caladan has facilitated over $170 billion in annual trading volume, operating across 65+ exchanges worldwide. The firm provides market-making, OTC trading, DeFi expertise, and investments to institutional participants globally.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us