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

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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/

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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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Press Release

Coast to Coast Hole in One Helps Golf Events Nationwide Offer High-Value Prizes Through Trusted Hole in One Insurance

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  • Providing Secure, Professional Solutions That Elevate Tournament Excitement and Protect Organizers

Reno, NV, 23rd April 2026, ZEX PR WIRE — Coast to Coast Hole in One, a premier provider of hole-in-one insurance for golf tournament organizers, is proud to announce its expanded support for the 2026 tournament season. By offering “A” rated prize indemnity and professional golf hole sponsor signs, the company continues to help charity fundraisers and corporate outings across the United States offer high-value prizes, ranging from $10,000 cash to luxury vehicles, with financial security.

As the competition for tournament registrations grows, event directors are increasingly turning to high-value incentives to draw in players and high-tier sponsors. Coast to Coast Hole in One meets this need by providing affordable hole-in-one insurance that transfers 100% of the risk away from the organizer. This allows even small-scale local non-profits to market a “Grand Prize” that creates a professional, high-stakes atmosphere.

“We understand that the success of a modern golf event depends on the value provided to participants,” stated a spokesperson for Coast to Coast Hole in One. “Our hole-in-one prize package is designed to be a complete solution. We don’t just cover the headline prize; we include bonus prizes for all remaining par-3 holes, ensuring that every short hole on the course offers an exciting opportunity for the players and a branding win for the sponsors.” – Spokesperson at Coast to Coast Hole in One

In addition to traditional hole-in-one contests, the company’s 2026 initiative emphasizes the importance of professional signage. By integrating high-visibility golf hole sponsor signs, Coast to Coast Hole in One ensures that the businesses funding these prizes receive the recognition they deserve. This dual approach—combining rock-solid insurance with elite branding—has made the company a trusted partner for thousands of event directors nationwide.

Organizers looking to elevate their upcoming tournaments can access customized quotes through a streamlined application process. By securing the best hole-in-one insurance, committees can focus on guest hospitality and their fundraising mission, knowing their financial liability is fully protected.

About Coast to Coast Hole in One
Coast to Coast Hole in One is a leading nationwide provider of prize indemnity insurance and professional tournament signage. Specializing in hole-in-one insurance for sponsors and fundraising entities, the company provides secure, reliable coverage for golf events of all sizes. With decades of experience, they remain a staple in the golf community.

Contact Details
Website: https://coasttocoastholeinone.com/

Address: P.O. Box 33204, Reno, NV, 89533

Denise George: Denise@ctchio.com

Terry Ulleseit: Terry@ctchio.com

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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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Press Release

John Donadio at Business Insurance-AZ Provides Rapid Insurance Solutions and Five-Minute Certificate Issuance for Arizona Trade Professionals

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  • John Donadio at Business Insurance-AZ streamlines operations for Arizona tradespeople, offering rapid coverage solutions and certificates of insurance issued in under five minutes.

Phoenix, AZ, 23rd April 2026, ZEX PR WIRE — John Donadio at Business Insurance-AZ is proud to announce a significant enhancement to his service model, specifically designed to meet the high-speed demands of Arizona’s construction and trade sectors. Recognizing that time is a critical asset for contractors and field professionals, Donadio has optimized the agency’s internal processes to provide comprehensive insurance coverage and the issuance of certificates of insurance in five minutes or less. This initiative addresses a common bottleneck in the industry where tradespeople often face delays in accessing job sites or finalizing contracts due to slow administrative responses from traditional insurance providers.

“John Donadio prioritizes the immediate needs of Arizona tradespeople by ensuring that a five-minute certificate issuance keeps every project moving forward without delay.”

As the Arizona construction market remains one of the most active in the nation, local professionals require a partner who can match their pace. Whether a plumber, electrician, or general contractor is stepping onto a new commercial development or a residential renovation, proof of protection is a non-negotiable requirement. By leveraging advanced technology and a deep understanding of the local regulatory environment, John Donadio ensures that these essential documents are delivered with unprecedented speed. This efficiency allows local tradespeople to stay focused on their manual labor and project management rather than waiting hours or days for a response from a distant carrier.

A representative of the company shared the following statement regarding this commitment to speed: “John Donadio understands that for an Arizona contractor, a delay in receiving a certificate of insurance is a delay in getting paid. By offering a five-minute issuance window, he provides the professional agility that local trade experts need to maintain their competitive edge and secure their place on every job site.”

The rapid service model goes beyond simple documentation to include a full range of protection strategies. Donadio works closely with clients to ensure they are not only meeting the bare legal requirements for workers’ compensation insurance but are also shielded against the specific physical and financial risks inherent in their trade. This proactive approach to business risk management ensures that even though the service is fast, it remains thorough and accurate. By identifying potential coverage gaps before a project begins, he helps professionals avoid the long-term financial consequences of being under-insured or misclassified in a high-risk industry.

This focus on rapid response times is paired with a high standard of professional consultation. While the delivery of a certificate is quick, the underlying policies are meticulously reviewed to ensure they align with the strict standards of Arizona’s commercial developers and general contractors. This combination of speed and precision has established John Donadio as a trusted ally for the entrepreneurial community in the East Valley. Trade professionals can now bid on high-value projects with the total certainty that their insurance partner can provide the necessary backing at the exact moment it is required.

Interested customers can learn more details on the client’s website.

About Business Insurance-AZ
Business Insurance-AZ is an independent business insurance agency that has specialized in protecting Arizona companies since 2012. Led by experienced advisors like John Donadio, the agency provides a wide range of commercial products including general liability, property, and business auto insurance. Based at the Corporate Suites in San Tan Mall, they are dedicated to supporting the local economy by offering the rapid, personalized service that national corporations cannot match. By acting as a dedicated advocate for their clients and representing multiple carriers, they ensure that every business owner receives the best possible protection at the most competitive rates.

Contact Details
Website: https://businessinsurance-az.com/

Email address: john@businessinsurance-az.com

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Press Release

Business Insurance-AZ Expands Operations at Corporate Suites in San Tan Mall to Better Serve Gilbert Entrepreneurs

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  • Business Insurance-AZ expands its presence at the Corporate Suites in San Tan Mall, providing Gilbert entrepreneurs with expert local guidance and specialized commercial coverage solutions.

Phoenix, AZ, 23rd April 2026, ZEX PR WIRE — Business Insurance-AZ is proud to announce the significant expansion of its operational headquarters located within the Corporate Suites at the San Tan Mall in Gilbert, Arizona. This strategic growth initiative is a direct response to the increasing demand for specialized commercial protection among the rapidly growing community of local entrepreneurs and small business owners in the East Valley. By increasing its physical footprint and professional staff at this central hub, the agency is reinforcing its commitment to providing the direct, person-to-person service that remains the cornerstone of its business model.

“Our expanded Gilbert office allows them to provide the rapid, expert support that local business owners need to succeed.”

The decision to scale operations within the San Tan Mall district allows the agency to provide more comprehensive support for a wide range of industries, from local tradespeople and contractors to professional consultants and retail shop owners. As the Gilbert commercial market continues to evolve, the need for a local business insurance provider that understands the specific regulatory environment and economic shifts of the region has never been higher. This expansion ensures that clients have even greater access to the specialized expertise required to navigate the complexities of modern risk management.

A representative of the company shared the following statement regarding the growth: “Our expansion within the Corporate Suites is a testament to the hard work of the Gilbert business community. We believe that local entrepreneurs deserve a partner who is physically present in their neighborhood, and this larger space allows us to provide the hands-on guidance necessary for their long-term success.”

The move also enhances the agency’s ability to offer rapid turnaround times for essential documentation. Whether a contractor needs an immediate certificate of insurance to access a project site or a startup requires quick small business insurance quotes to finalize a lease agreement, the expanded team is now better equipped to handle high-volume requests with precision. By remaining deeply embedded in one of Gilbert’s most active commercial centers, the agency maintains a pulse on the challenges facing its clients, from rising material costs to the shifting requirements of workers’ compensation insurance.

This physical growth within the San Tan Mall area reflects a broader trend of local reinvestment. Rather than moving toward a purely digital model, the agency continues to prioritize the value of a local office where owners can meet with an advisor to discuss their coverage in detail. This approach ensures that every policy remains accurate, compliant, and supportive of the client’s specific goals. The expanded office is now fully operational and ready to welcome both new and existing clients for professional consultations.

Interested customers can find out more on the client’s website.

About Business Insurance-AZ
Business Insurance-AZ is an independent business insurance agency that has served the Arizona entrepreneurial community since 2012. Specializing in high-level risk management and professional protection, the agency provides a full range of products including general liability, property, and business auto insurance. With a dedicated team based at the Corporate Suites in San Tan Mall, they focus on delivering personalized service and competitive rates for companies of all sizes. By representing multiple carriers rather than a single corporation, they act as a true advocate for local business owners, helping them secure their futures with total confidence.

Contact Details
Website: https://businessinsurance-az.com/

Email address: john@businessinsurance-az.com

About Author

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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