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

Published

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/

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

FinanceAndMarkets.com Announces Platform Expansion With Enhanced Editorial Structure and Content Coverage

Published

18 minutes ago

on

February 12, 2026

By

Lead Contributor Cody Burgat outlines continued development of the news-driven financial media platform

United States, 12th Feb 2026 – FinanceAndMarkets.com, an independent financial news and information platform, has announced the rollout of expanded editorial sections and structural enhancements aimed at improving accessibility and content organization across the site.

The article-based platform has introduced refined category groupings and streamlined navigation designed to support broader coverage of market-related topics. The updates are part of an ongoing effort to strengthen the platform’s content framework while maintaining clarity and usability for readers.

According to the company, the recent enhancements focus on organizing financial topics into more clearly defined sections, allowing users to explore business, economic, and market-related information in a structured environment. The goal is to ensure that content is presented in a format that prioritizes readability and logical flow.

“FinanceAndMarkets.com is designed to function as a structured financial information resource,” said Cody Burgat, a lead contributor on the platform. “Our recent updates are centered on improving organization and consistency so readers can navigate content efficiently.”

The platform noted that these changes reflect its broader commitment to maintaining an evolving editorial infrastructure capable of supporting ongoing content development. Future updates are expected to focus on refining internal workflows, expanding informational coverage, and enhancing the user experience across devices.

FinanceAndMarkets.com operates as an independent digital media property focused on publishing informational market-related content. The platform does not provide investment advice, trading signals, or performance-based guidance.

About FinanceAndMarkets.com

FinanceAndMarkets.com is an independent financial information platform delivering structured editorial content related to business, markets, and economic developments. The platform operates as a digital media resource designed to provide accessible and organized financial information.

Media Contact

Organization: FinanceAndMarkets

Contact Person: Cody Burgat

Website: https://financeandmarkets.com/

Email: Send Email

Country:United States

Release id:41290

The post FinanceAndMarkets.com Announces Platform Expansion With Enhanced Editorial Structure and Content Coverage 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

U7BUY Delivers Top-Rated Fortnite Accounts with Exclusive Skins

Published

18 minutes ago

on

February 12, 2026

By

Hong Kong S.A.R., 12th Feb 2026 – U7BUY, a leading digital gaming marketplace, has expanded its offerings by delivering top-rated Fortnite accounts featuring exclusive skins. The platform, known for its secure transaction methods and vibrant gaming community, enhances the gaming experience for millions of players across the globe.

The latest expansion into the Fortnite market provides gamers access to accounts that are equipped with rare and highly coveted skins. These exclusive skins, typically accessible only through special events or limited-time promotions, are now available for purchase through U7BUY’s marketplace. To ensure safe transactions, the platform employs encrypted data, safeguarding both buyers and sellers.

In addition to exclusive Fortnite accounts, U7BUY continues to offer a diverse range of services, including in-game currency, items, and power-leveling for a variety of popular titles. The marketplace’s focus on security and reliability has established it as a leading destination for those seeking to improve their in-game experience.

“Fortnite remains one of the world’s most played games, and the ability to acquire exclusive skins and top-rated accounts through U7BUY is a significant development,” said Anna, Marketing Director at U7BUY. “The platform aims to provide players with high-quality accounts and rare skins while ensuring that all transactions are both secure and seamless.”

U7BUY has established a strong presence in the digital gaming marketplace by offering a wide array of gaming-related products across different genres. Millions of players rely on the platform to purchase in-game currency, rare items, and power-leveling services. The addition of exclusive Fortnite accounts only strengthens U7BUY’s position in the market, offering a broader range of services to meet the needs of the gaming community.

Along with its commitment to security and customer satisfaction, U7BUY also offers a community hub designed to engage players. The platform features blogs, guides, and promotional content that keep users informed on the latest trends, news, and strategies within the gaming world.

Looking ahead, U7BUY intends to continue expanding its services and reinforcing its market leadership. The company is poised to capitalize on the evolving gaming landscape, ensuring that players have access to top-tier products and services while maintaining the high standards of security and reliability that have become synonymous with the U7BUY name.

“The mission of U7BUY remains clear: to improve the gaming experience by offering innovative, secure, and reliable services,” Anna added. “Looking to the future, U7BUY will continue to expand its portfolio, ensuring that the platform remains at the cutting edge of gaming solutions, meeting the evolving demands of the gaming community.”

U7BUY remains committed to providing a secure and welcoming environment for gamers worldwide. The platform is dedicated to ensuring that every transaction is executed seamlessly, with a strong emphasis on safety and customer satisfaction.

U7BUY is a digital gaming marketplace where players can buy and sell in-game currency, items, accounts, and power-leveling services across a variety of popular gaming titles. Known for secure transactions, encrypted data protection, and reliable customer support, U7BUY also offers a community hub with blogs, guides, and promotional content to keep gamers informed and engaged.

For further information about Fortnite accounts for sale, please contact U7BUY at +0085254814835 or via email at press@u7buy.com.

Media Contact

Organization: U7BUY

Contact Person: Anna

Website: https://www.u7buy.com/

Email: Send Email

Contact Number: +85254814835

Country:Hong Kong S.A.R.

Release id:41281

The post U7BUY Delivers Top-Rated Fortnite Accounts with Exclusive Skins 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

U7BUY Offers Convenient FIFA Coin Purchases with Fast Delivery

Published

18 minutes ago

on

February 12, 2026

By

Hong Kong S.A.R., 12th Feb 2026 – U7BUY, a prominent digital gaming marketplace, has announced the expansion of its services by offering fast and convenient FIFA Coin purchases. This new offering provides players with an efficient and secure way to enhance their FIFA gaming experience by delivering FIFA Coins rapidly and reliably.

As a trusted marketplace within the gaming community, U7BUY specializes in the buying and selling of in-game currencies, items, accounts, and power-leveling services across a wide range of popular titles. The addition of FIFA Coin purchases addresses the growing demand from FIFA players seeking quicker access to in-game currency, allowing for a smoother and more enjoyable gaming experience.

Anna, Marketing Director at U7BUY, commented on the importance of this new service: “Offering a seamless experience for FIFA players is a key priority. Quick and secure transactions are essential in today’s fast-paced gaming environment, particularly for FIFA players who are eager to progress. The introduction of fast FIFA Coin deliveries reflects the company’s ongoing commitment to player satisfaction, ensuring that transactions are both efficient and secure.”

U7BUY’s platform ensures that all transactions are protected with encrypted data, providing users with peace of mind while engaging in purchases. In addition to FIFA Coins, the platform supports a broad range of gaming services and commodities, creating an all-inclusive solution for players’ in-game needs.

To further enhance the player experience, U7BUY provides access to a dedicated customer service team, available to assist with any issues or inquiries. The platform also includes blogs, guides, and promotional content, helping players stay informed about the latest game updates, strategies, and community events. These resources are designed to keep gamers engaged and connected within the vibrant U7BUY community.

The company’s focus on security and user experience is demonstrated through its rigorous measures to protect both personal and financial information. This ensures that all players can enjoy a reliable and secure marketplace for their digital gaming needs.

Looking to the future, Anna elaborated on the company’s vision: “As the gaming industry continues to evolve, U7BUY is committed to innovating and adapting to the needs of its users. The addition of FIFA Coin purchases is just one example of the company’s efforts to remain at the forefront of the gaming marketplace. Moving forward, U7BUY aims to expand its services, providing even more tools and resources to further enhance the gaming experience for players across all genres.”

U7BUY’s commitment to its users extends beyond just the services offered, as the platform strives to keep pace with industry trends and user expectations. The company continues to position itself as a leading digital gaming marketplace, providing a secure, informative, and engaging environment for players around the world.

For more information on U7BUY’s services or to purchase FIFA Coins, interested parties can contact the company directly at +0085254814835 or via email at press@u7buy.com.

Media Contact

Organization: U7BUY

Contact Person: Anna

Website: https://www.u7buy.com/

Email: Send Email

Contact Number: +85254814835

Country:Hong Kong S.A.R.

Release id:41278

The post U7BUY Offers Convenient FIFA Coin Purchases with Fast Delivery 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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