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

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4 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/

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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

Shreyas Media Announces Nationwide Carnival Series After Guinness Record-Breaking Vijayawada Utsav

Published

6 hours ago

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October 17, 2025

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Shreyas Media Founder Gandra Srinivas Rao says the Guinness World Record-winning success of Vijayawada Utsav proves every city’s potential to host grand carnivals, as the company plans year-round celebrations across Andhra Pradesh featuring international artists.

Shreyas Media LLP has announced plans to launch a series of grand carnivals across India, inspired by the unprecedented success of Vijayawada Utsav—a record-breaking event that entered the Guinness World Records as the world’s largest carnival. Following the overwhelming public response, the company aims to celebrate India’s rich cultural diversity by bringing similar large-scale events to various states throughout the year.

The Vijayawada Utsav, organized in association with the Society for Vibrant Vijayawada and Andhra Pradesh Tourism, transformed the city into a festival hub from September 22 for 11 days. The event featured 284 performances by over 3,000 artists, 11 concerts, and 11 drone shows—an unprecedented celebration that drew nearly 50 lakh visitors and generated an estimated ₹1,000 crore in local business.

Buoyed by this success, Shreyas Media plans to replicate the carnival model across India, celebrating regional festivals such as Bihu, Onam, Ganesh Chaturthi, Pongal, Lohri, Durga Puja, and Sankranti with grandeur. The company will also host year-round celebrations at tourist hotspots like Araku and Gandikota in Andhra Pradesh, including 30 major concerts and a large-scale Araku Coffee Festival featuring international artists.

“Our success with Vijayawada Utsav has proven that every city in India holds the potential to become a vibrant carnival destination,” said Gandra Srinivas Rao, Founder of Shreyas Media. “Through these celebrations, we aim to unite people from across India and abroad on a single platform of culture and joy, while giving a significant boost to local economies and creating thousands of employment opportunities. We have set a target of achieving ₹5,000 crore in business through the Vijayawada Utsav in the next five years.”

He added that Andhra Pradesh Chief Minister Nara Chandrababu Naidu appreciated the event for placing Vijayawada on the global tourism map. Rao also acknowledged the efforts of Vijayawada MP Kesineni Shivanath (Chinni) and the Society for Vibrant Vijayawada in making the event a resounding success.

Having previously executed over 3,500 promotional and cultural events across India, the USA, Canada, and the UAE, Shreyas Media is now poised to establish a new legacy in India’s entertainment and cultural tourism landscape through its upcoming carnival series.

About Shreyas Media LLP
Shreyas Media LLP is India’s leading event management and entertainment company, renowned for organizing large-scale promotional, cultural, and public events across India and abroad. With over 3,500 successful events and a Guinness World Record to its credit, the company continues to redefine the landscape of experiential entertainment.

 

Media Contact

Organization: Shreyas Media LLP

Contact Person: Gandra Srinivas Rao

Website: https://shreyasgroup.net

Email:
Srinivas@shreyasgroup.net

City: Hyderabad

State: Telangana

Country:India

Release id:35620

The post Shreyas Media Announces Nationwide Carnival Series After Guinness Record-Breaking Vijayawada Utsav 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

Baddie Marks the Beginning of a Global Expansion by ForYouGaming Inc

Published

6 hours ago

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October 17, 2025

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After the success of Baddie.nl, one of the most-played online games in the Netherlands, the founders announce ForYouGaming Inc., a new U.S.-based parent company created to scale the brand internationally. The company’s first major move is the upcoming launch of Baddie.com, a global version of the popular lifestyle game that blends humor, social dynamics, and competition.

Baddie.com Marks the Beginning of a Global Expansion by ForYouGaming Inc.

Following the success of Baddie.nl, one of the most-played online games in the Netherlands, the creators announce the launch of ForYouGaming Inc., a new U.S.-based parent company formed to lead the brand’s international expansion.

The first major step in that strategy is the upcoming launch of Baddie.com — a global version of the hit web game that blends lifestyle, humor, and competition into one addictive experience.

ForYouGaming CEO, Stefan Gaasbeek: “Baddie.nl showed us what’s possible. Players connected, competed, and built entire online communities. With Baddie.com, we’re taking that energy worldwide — this is just the start.”

From Local Hit to Global Brand

Originally launched in the Netherlands, Baddie.nl quickly evolved into a cultural phenomenon — a game where players build influence, form alliances, and rise through a virtual social world inspired by modern pop culture.

The upcoming Baddie.com is purpose-built for the U.S. — reworked to match American culture and vibe, with a refreshed interface, new characters, and storylines tailored to U.S. audiences. It will be accessible across web, iOS, and Android.

Goal: turn Baddie into a global entertainment brand — with an American-first launch.
 

ForYouGaming Inc.: A New Global Structure

ForYouGaming Inc. was created to centralize and scale multiple titles under one global gaming structure. The company’s mission is to develop, publish, and grow web-based entertainment experiences that merge gaming with digital culture.

ForYouGaming CMO: “This move allows us to think bigger — beyond regions, beyond platforms. We’re building a network of games that share the same DNA: accessible, social, and built to scale.”

Next Titles in Development

In addition to Baddie, ForYouGaming manages other projects including Boef.nl, an online crime game with a strong male audience, and holds premium gaming domains such as Gangsters.com, currently in development. Each title contributes to a growing network of entertainment experiences built around one central idea — making online games that people actually live in, not just play.
 

About ForYouGaming Inc.

ForYouGaming Inc. is a next-generation gaming company creating online experiences that merge entertainment, culture, and community.
The company develops and publishes web and mobile games for a global audience, connecting players through storytelling, competition, and creativity.

Its portfolio includes Baddie.nl, Boef.nl, and the upcoming international release Baddie.com.
With an expanding lineup of titles, ForYouGaming Inc. is defining the next era of interactive entertainment.

Media Contact

Organization: ForYouGaming Inc.

Contact Person: Stefan Gaasbeek

Website: https://foryougaming.com

Email: Send Email

Contact Number: +12132321375

Address:1301 North Broadway, Los Angeles

Address 2: STE 32021

City: Los Angeles

State: California

Country:United States

Release id:35622

The post Baddie Marks the Beginning of a Global Expansion by ForYouGaming Inc 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

NordFX Receives Best Fastest Payout Award at Forex Expo Dubai 2025

Published

6 hours ago

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October 17, 2025

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Gros-Islet, Saint Lucia, 17th Oct 2025 – NordFX has received the Best Fastest Payout Award at Forex Expo Dubai 2025, recognizing the broker’s dedication to delivering rapid and reliable withdrawal processing for traders worldwide. The award was presented during the two-day event held on October 6–7 at the Dubai World Trade Centre, where NordFX participated as a Diamond Sponsor.

Forex Expo Dubai remains one of the largest and most influential industry events, drawing thousands of professionals from the trading, fintech, and investment sectors. The awards highlight innovation and quality of service across the global financial ecosystem. NordFX recognition in the Fastest Payout category underscores the company’s focus on efficient transaction systems and strong customer support.

Over recent years, NordFX has introduced a series of payment-processing upgrades aimed at accelerating withdrawals and ensuring around-the-clock accessibility. A key component has been the automation of crypto withdrawals, enabling traders to access their funds within minutes and outside of traditional banking hours. Together with optimized systems for card, bank, and e-wallet transactions, these advances have positioned NordFX among the industry leaders in payout speed.

The award also reflects NordFX wider goal of improving trust and transparency in online trading. By ensuring that clients can move funds quickly and securely, the company supports a more flexible trading experience where capital can be redeployed across markets with minimal delay.

At Forex Expo Dubai 2025, the NordFX team engaged with traders, partners, and industry representatives to discuss evolving payment standards and the growing role of crypto in international finance. The Fastest Payout recognition further reinforces NordFX long-term commitment to innovation, reliability, and service excellence.

Media Contact

Organization: NordFX Ltd.

Contact Person: Vanessa Polson

Website: https://nordfx.com/

Email:
marketing@nordfx.com

Address:Ground Floor, The Sotheby Building

Address 2: Rodney Village, Rodney Bay

City: Gros-Islet

Country:Saint Lucia

Release id:35592

The post NordFX Receives Best Fastest Payout Award at Forex Expo Dubai 2025 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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