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

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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/

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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

Rhode Island Author Tony Jones Announces New Book Exploring Blockchain Technology

Published

10 hours ago

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September 3, 2026

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RHODE ISLAND, United States, 3rd Sep 2026 – Rhode Island-based author and media professional Tony Jones has announced the release of a new book exploring blockchain technology and its potential applications in modern digital systems.

The book examines blockchain-based technology and discusses topics including transparency, security, accessibility, digital records, and public confidence. It provides readers with an overview of how blockchain systems work and explores considerations surrounding their use in large-scale technology applications.

As blockchain technology continues to develop across a range of industries, the publication offers readers an opportunity to learn more about the technology and its characteristics, including the ways information can be recorded, managed, and accessed through blockchain-based systems.

The book reflects Jones’s interests in communications, technology, psychology, and public engagement. His work explores subjects at the intersection of technological innovation and society.

The new book is available through Barnes & Noble.

About Tony Jones

Tony Jones is a Rhode Island-based author and media professional with interests spanning communications, technology, psychology, and public engagement. His work explores ideas at the intersection of innovation and society.

Publication Details

Author: Tony Jones
Subject: Blockchain technology
Availability: Barnes & Noble

Learn more about the book:
https://www.barnesandnoble.com/w/making-a-case-for-holding-political-elections-on-the-blockchain-tony-jones/1149089731

LinkedIn:
https://www.linkedin.com/in/tonyjonesinri/

Media Contact

Organization: Tony Jones

Contact Person: Tony Jones

Website: https://www.tonyjones.org/

Email: Send Email

State: RHODE ISLAND

Country:United States

Release id:48592

The post Rhode Island Author Tony Jones Announces New Book Exploring Blockchain Technology 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

Tazapay Now Live on the Borderless.xyz Network For Seamless Money Movement to Asia Pacific and Latin America

Published

10 hours ago

on

September 3, 2026

By

New York, New York, September 3rd, 2026, FinanceWire

Tazapay is live on the Borderless.xyz, putting nine additional markets, local-rail payouts, and stablecoin settlement behind the single connection

Borderless, the global stablecoin orchestration and liquidity network, today announced that Tazapay is live on its network. Tazapay, headquartered in Singapore and licensed there as a Major Payment Institution by the Monetary Authority of Singapore, brings payouts and collections over domestic rails in markets including Singapore, India, Indonesia, the Philippines, Thailand, and Australia, along with Brazil, Mexico, and Colombia in Latin America.

Businesses paying into these markets have typically run a separate provider relationship per market, each with its own contract, compliance file, and settlement timing, with correspondent banking layering fees and delays underneath. Through the Borderless network, clients reach Tazapay’s coverage over the connection they already operate. Payouts arrive as local currency in the recipient’s own bank account as a domestic transfer rather than an international wire, and collections run in reverse through virtual accounts with local account details in domiciles including Singapore, Australia, the UK, and the UAE. 

With Tazapay live, Borderless clients can turn on nine additional markets without a sourcing cycle, a new integration, or additional negotiations. The Borderless network connects 19+ locally licensed providers across 113+ countries through a single API.

“The demand we’re seeing from enterprises and fintechs across Asia Pacific is unmistakable. Businesses there want to move money faster and at lower cost, and our clients want to reach them,” said Alex Garn, Chief Product Officer at Borderless. “This is exactly what we built Borderless to do: extend the network’s reach across Asia Pacific and its depth in Latin America, and hand it to every client through the connection they already run, with Tazapay’s local rails behind every corridor.”

“Expanding globally shouldn’t mean navigating a fragmented payments landscape market by market,” said Rahul Shinghal, CEO of Tazapay. “Through this partnership, Borderless clients get Tazapay’s infrastructure, including local collection and payout rails, virtual accounts, and modern settlement options, through a single API. We’ve spent years building that depth across APAC, and putting it within reach of more businesses is what makes entering a new market genuinely simpler.”

Tazapay corridors are available to Borderless clients today. Businesses can contact the Borderless team to enable them on their routing.

About Borderless

Borderless is a global stablecoin orchestration and liquidity network. Its single API connects wallet infrastructure to 19+ licensed stablecoin providers across 113+ countries and 72+ fiat currencies, giving businesses the speed of an aggregator with the economics of going direct. Borderless is SOC 2 Type II certified and headquartered in New York. Users can learn more at borderless.xyz.

About Tazapay

Tazapay is a cross-border payments platform headquartered in Singapore and licensed as a Major Payment Institution by the Monetary Authority of Singapore. It provides local collections and payouts, virtual accounts, and stablecoin settlement for businesses operating internationally. Users can learn more at tazapay.com.

Contact

Sarah Cohen
SJC PR
sarah@sjc-pr.com

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Press Release

DWF Labs Expands Global Regulatory Footprint with BVI Virtual Asset Service Provider Approval

Published

11 hours ago

on

September 3, 2026

By

Road Town, Tortola, British Virgin Islands, September 3rd, 2026, Chainwire

DWF Labs, an established, market-tested investor and market maker built to strengthen digital asset market infrastructure at scale, today announced an expansion of its global regulatory footprint with a group entity granted Virtual Asset Service Provider (VASP) regulatory approval from the British Virgin Islands Financial Services Commission (BVI FSC).

Granted under the BVI’s Virtual Assets Service Providers Act 2022, the approval authorizes DWF Labs as a registered VASP, to provide the exchange of one or more forms of virtual assets, as well as to participate in, and provide financial services related to an issuer’s offer and/or sale of a virtual asset.

The approval enables institutional clients access to DWF Labs’ integrated OTC trading and market making capabilities, including spot trading across thousands of digital assets and stablecoins, through a regulated BVI entity. It also strengthens the company’s ability to deliver investment, incubation and ecosystem development services to support token issuers and digital asset projects on a global scale. 

The BVI has established itself as a leading jurisdiction for decentralized ledger deployments and structured real-world asset (RWA) tokenization. The territory now represents nearly 10% of the global tokenization US treasuries market, with $1.5 billion in distributed value. BVI-domiciled entities also facilitate more than $1.2 billion in active, circulating stablecoins – figures underpinned by more than 24,700 stablecoin asset holders and weekly transfer volumes of $694.1 million. These figures (Source: rwa.xyz treasuries and stablecoins) reflect the strength of both the regulatory and market infrastructure DWF Labs is now positioned to operate within. 

Heng Lee, Managing Director and Partner at DWF Labs said, “The Virtual Asset Service Provider (VASP) approval from the British Virgin Islands Financial Services Commission (BVI FSC) is a key step in responsibly expanding and delivering DWF Labs’ regulated digital asset services to international institutional clients.” 

“As the digital asset market and industry continue to mature, and adoption increases, this addition to our regulatory framework will enable us to deliver a broader range of solutions, products, and services, while reinforcing our focus upon transparency and governance.”

DWF Labs will continue to expand its regulatory footprint across key global markets, supporting its international growth strategy and commitment to operating within robust regulatory frameworks.

About DWF Labs

Established in 2022, DWF Labs is an investor and market maker, focused on giving builders the capital, liquidity, expertise, and partnerships needed to take ideas from concept to scale. DWF Labs is among the world’s largest high-frequency digital asset trading organizations, active on more than 80 centralized and decentralized exchanges. The firm supports over 20% of CoinMarketCap’s Top 100 projects and 35% of its Top 1,000, and has worked with more than 1,000 blockchain companies across Layer 1 and Layer 2 networks, DeFi, gaming, AI, payments, infrastructure, and tokenization.

The firm’s work is organized across four business lines: Liquidity (institutional market making and liquidity provision), Investment and Incubation (strategic capital and token advisory for emerging projects), Ecosystem Development (go-to-market support), and OTC and Structured Markets (tailored trading solutions for institutions, funds, and protocol treasuries). DWF Labs also founded and incubated Falcon Finance, a synthetic dollar and universal collateralization protocol.

DWF Labs operates a globally distributed team on a 24/7/365 basis. 

For more information, visit www.dwf-labs.com, or follow DWF Labs on X, LinkedIn, and Telegram.

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DWF Labs
press@dwf-labs.com

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