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

Published

5 years ago

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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.

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Press Release

Cove Named 2026 IABE Regional Excellence Award Winner for Utah

Published

13 hours ago

on

September 18, 2026

By

Cove, a Utah-based home security company, has been named a 2026 IABE Regional Excellence Award Winner, recognizing the company among the state’s top businesses across all industries.

Cheyenne, Wyoming, United States, 18th Sep 2026 — Cove, the Orem, Utah-based home security company, has been named a 2026 Regional Excellence Award Winner by the International Association for Business Excellence, recognizing the company’s performance in the home security industry across Utah.

A Statewide Distinction

Unlike IABE’s City-level recognition, which evaluates a business against others in a single municipality, the Regional Excellence award places Cove among the top-recognized organizations across the entire state of Utah. The designation isn’t limited to home security or any single industry — it reflects Cove’s standing relative to businesses statewide, evaluated against the same five Excellence Standards applied to every Regional-level recipient regardless of sector. For a company headquartered in Orem to be named a statewide honoree puts Cove in a distinct tier: recognized not just as a strong regional security provider, but as one of Utah’s standout businesses overall for 2026.

Built Around DIY Installation

Cove’s model centers on professionally monitored home security that customers can install themselves — most systems go up in under 30 minutes, without drilling or a technician visit — while still offering professional installation for those who want it. The company states it has served more than 375,000 customers since launching.

The current product lineup covers the full range of home protection rather than a single device category: an alarm panel and hub, indoor, outdoor, and doorbell cameras, motion and entry sensors, glass-break sensors, smoke and carbon-monoxide detectors, water-leak detectors, panic buttons, key fobs, and secondary sirens. Cellular and battery backup keep the system connected even when standard household connections go down.

Monitoring runs through three contract-free plans — Basic, Plus, and Premium — with 24/7 professional coverage on all of them. The Cove Connect mobile app lets customers arm and disarm remotely, view live or recorded camera footage, and receive alerts. An alarm-verification feature lets customers confirm an alert through the app or by text before the monitoring team dispatches emergency response.

Customer Reputation

Cove publishes ratings from several independent platforms on its site: 4.7/5 from more than 5,300 Google reviews, 4.6/5 from more than 7,900 Trustpilot reviews, and 4.6/5 from more than 300 BestCompany reviews. Customers cited in its published testimonials point to installation ease, product quality, and value relative to more expensive alarm systems they’d used previously.

About the Award

The Regional Excellence designation follows IABE’s evaluation of Cove across five standards — Digital Presence, Customer Reputation, Operational Standing, Industry Tenure, and Professional Integrity — with the company meeting all five during the 2026 evaluation period. Full details of Cove’s recognition are available on its official IABE recipient profile.

About Cove

Cove Smart, LLC is a Utah-based home security company offering DIY and professional installation, connected security equipment, mobile controls, and 24/7 professional monitoring, headquartered at 450 N 1500 W, Orem, UT 84057. Learn more at covesmart.com.

About the International Association for Business Excellence

IABE evaluates and recognizes businesses, nonprofits, and organizations across industries and geographic markets against five core Excellence Standards, with recognition offered at City, Regional, National, and International levels. More information is available at internationalbusinessexcellence.com.

Media Contact
International Association for Business Excellence
support@internationalbusinessexcellence.com
internationalbusinessexcellence.com

Media Contact

Organization: International Association for Business Excellence LLC

Contact Person: Charles McDonald

Website: https://internationalbusinessexcellence.com

Email: Send Email

Address: 2233 Dell Range Blvd Suite 303 1015 Cheyenne, Wyoming 82009

City: Cheyenne

State: Wyoming

Country: United States

Release id: 49269

The post Cove Named 2026 IABE Regional Excellence Award Winner for Utah appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

RELABEL HAIR MyeongDong Emerges as Seoul, Korea’s New Creative Beauty Destination for Global Travelers

Published

14 hours ago

on

September 18, 2026

By

Since opening in MyeongDong, RELABEL HAIR has attracted international travelers and visitors seeking a new kind of K-Beauty experience built around hair, art, creativity, and Energetic Recovery.

Seoul, South Korea, 18th Sep 2026 — RELABEL HAIR has officially opened its new MyeongDong location in the heart of Seoul, and the response has been immediate.

Since opening its doors, RELABEL HAIR MyeongDong has seen a strong influx of international travelers visiting Korea, with guests from around the world seeking Korean hair styling, professional color services, head spa, scalp care, and customized hair treatments. The salon is also attracting growing attention from the global entertainment community, with international figures visiting RELABEL HAIR during their time in Seoul.

More than simply another new salon in MyeongDong, RELABEL is quickly establishing itself as a new kind of destination — one where Korean hair culture, art, creativity, and recovery come together.

A New K-Beauty Destination in the Heart of MyeongDong

MyeongDong has long been one of the most recognizable destinations for international visitors to Seoul. Known around the world for Korean skincare, cosmetics, fashion, shopping, and food, the area has become an essential stop for travelers looking to experience contemporary Korean culture.

RELABEL HAIR MyeongDong brings another dimension to that experience. Rather than experiencing K-Beauty only through skincare and cosmetics, international travelers can now discover Korean beauty through professional hair design, creative color, head spa, scalp care, and personalized styling. For many travelers, a visit to RELABEL is becoming part of the Seoul experience itself.

Why International Travelers Are Choosing RELABEL

RELABEL HAIR has built a strong reputation for working with international clients. Its designers have extensive experience with customers from different countries, allowing them to understand a wide range of hair textures, facial features, beauty preferences, lifestyles, and cultural differences in styling.

Rather than applying the same Korean hairstyle to every client, RELABEL begins with personalized consultation. The designers consider each guest’s hair condition, facial structure, personal style, desired image, and daily lifestyle before recommending a look. This approach allows international visitors to experience contemporary Korean hair trends without losing their own individuality.

At RELABEL HAIR MyeongDong, guests can experience:

  • Korean-inspired haircuts and styling
  • Professional hair coloring and creative color design
  • Personalized hair consultation and customized hair treatments
  • Head spa, scalp care, and recovery programs
  • Styling tailored to individual facial features and personal image

Energetic Recovery: The Philosophy Behind RELABEL

At the center of RELABEL is the concept of Energetic Recovery. RELABEL believes that beauty should do more than change how a person looks. Modern life constantly consumes energy. Work, travel, relationships, social environments, and everyday routines can leave people physically exhausted and mentally disconnected from themselves.

RELABEL sees the salon as a place where that energy can be restored. A visit to RELABEL is designed as a moment of reset — an opportunity to step outside the rhythm of everyday life, focus on oneself, and leave feeling refreshed, recharged, and newly inspired.

This idea of Energetic Recovery runs through the entire RELABEL experience. It is expressed not only through hair styling and beauty services, but also through head spa, scalp care, treatments, music, spatial design, visual identity, artwork, and the atmosphere of the salon itself. RELABEL does not simply want guests to leave looking different; it wants them to leave feeling different.

Not a Conventional Hair Salon

RELABEL approaches the idea of a hair salon differently. Instead of designing a purely functional space for beauty services, RELABEL brings together hair design, art, visual culture, creative direction, spatial experience, and contemporary lifestyle.

Artwork, objects, graphics, visual details, and creative installations are integrated throughout the space. These elements are not simply decoration; they are part of RELABEL’s belief that beauty and personal style are forms of creative expression. For RELABEL, a salon can be more than a place where customers receive a service — it can also be a place where people encounter new visual ideas, moods, culture, and inspiration.

This creative approach gives RELABEL HAIR MyeongDong a distinctive identity that separates it from conventional salons. For international visitors, it offers the opportunity to experience not only Korean hairstyling, but also the creative energy shaping contemporary Seoul.

Where Hair, Art and Contemporary Korean Creativity Meet

Korean beauty has become a global cultural phenomenon, but RELABEL believes the next generation of K-Beauty experiences will extend beyond products and trends. The brand sees hair, art, space, music, and personal identity as interconnected.

At RELABEL HAIR MyeongDong, professional salon services exist within a larger creative environment. A haircut can become a form of self-expression, hair color can become a creative statement, a head spa can become a moment of recovery, and the salon itself can become part of a traveler’s cultural experience of Seoul.

This combination of professional beauty expertise and creative culture is increasingly resonating with international guests looking for something more personal and memorable than a conventional salon visit.

From Hair Salon to Creative Beauty Destination

With international travelers already visiting the MyeongDong location soon after its opening, RELABEL HAIR is positioning itself as more than a place to get a haircut during a trip to Korea. The brand aims to become a destination travelers actively choose as part of their Seoul itinerary.

Guests may arrive for a Korean haircut, a color transformation, scalp care, treatment, or a relaxing head spa. But RELABEL wants them to leave with something more: a new style, new energy, new inspiration, and a new perspective on themselves.

In one of Seoul’s most internationally recognized neighborhoods, RELABEL HAIR MyeongDong offers a new way to experience K-Beauty — through hair, art, creativity, and recovery.

About RELABEL HAIR

RELABEL HAIR is a Korean creative hair salon brand built around the philosophy of Energetic Recovery. Known for serving a large international clientele, RELABEL combines professional hair design with art, creative direction, visual culture, and personalized beauty experiences. Its designers provide customized haircuts, styling, professional coloring, head spa, scalp care, and treatment services based on each customer’s hair condition, facial features, lifestyle, and personal identity.

Rather than operating as a conventional salon, RELABEL creates spaces where beauty, art, creativity, culture, and recovery coexist. The brand’s philosophy can be expressed simply: Recover your energy. Rediscover yourself. RELABEL yourself.

 

For more information, please visit https://relabelhairmyeongdong-v1.com

Address: 5F, Solaria Nishitetsu Hotel, 27 Myeongdong 8-gil, Jung-gu, Seoul, 04536, Republic of Korea

Media Contact

Organization: RELABEL

Contact Person: Grace

Website: https://relabelhairmyeongdong-v1.com

Email: Send Email

City: Seoul

Country: South Korea

Release id: 49262

The post RELABEL HAIR MyeongDong Emerges as Seoul, Korea’s New Creative Beauty Destination for Global Travelers appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Rugby Critic Brings Live Rugby Scores, Standings and Fan Ratings Together in One Platform

Published

15 hours ago

on

September 18, 2026

By

United Kingdom, 18th Sep 2026 — Rugby Critic is providing rugby fans with a dedicated online platform that brings together live scores, fixtures, standings, Power Rankings, statistics, and fan-driven features across major international and club rugby competitions.

Designed for supporters who want more than a traditional results service, Rugby Critic combines sports information with opportunities for fans to rate matches, predict results, and participate in discussions about the game. The platform covers both Test and club rugby, giving readers a single destination for following competitions and teams across different parts of the sport.

Rugby Critic tracks live scores, fixtures, league tables, and standings, while also providing weekly Power Rankings, team and competition profiles, head-to-head history, match previews, and recaps. Its coverage includes major international competitions such as the Six Nations and Rugby Championship, as well as international windows and club competitions including the United Rugby Championship (URC), Top 14, and Super Rugby Pacific.

A central part of the platform is its focus on combining sports data with fan participation. In addition to following results and statistics, visitors can rate matches, predict outcomes, and comment as part of the Rugby Critic community. This approach gives supporters an opportunity to engage with rugby beyond simply checking a final score.

The platform’s scores, standings, and statistics are sourced from licensed sports-data providers and updated automatically throughout the day. Competition tables and Power Rankings are recomputed on a scheduled basis so that they reflect the latest available results.

Rugby Critic also maintains a human editorial review process for its written content. Every news article and match report is written or edited by a named member of the editorial team before publication. The platform uses AI tools to assist with routine content such as match previews and recaps and to support research. However, AI-assisted drafts are reviewed, fact-checked, and edited by a human editor before they are published.

This editorial approach combines the efficiency of modern technology with human oversight. Rugby Critic also states that when errors are identified, the publication works to correct them openly. Automated sports data can occasionally lag or contain errors, and readers are encouraged to report issues so they can be reviewed and corrected.

By bringing together live match information, competition standings, statistical features, editorial coverage, and fan interaction, Rugby Critic is developing an online destination focused specifically on the rugby community.

Fans can explore live scores, fixtures, rankings, team information, match coverage, and community features at https://rugbycritic.com.

About Rugby Critic

Rugby Critic is a rugby-focused online platform covering international and club rugby. The site provides live scores, fixtures, standings, Power Rankings, statistics, match previews and recaps, team and competition profiles, head-to-head history, and fan participation features including match ratings, predictions, and comments.

Media Contact

Organization: Rugby Critic

Contact Person: Chris Bosch

Website: https://rugbycritic.com

Email: Send Email

Country: United Kingdom

Release id: 49261

The post Rugby Critic Brings Live Rugby Scores, Standings and Fan Ratings Together in One Platform appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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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.

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