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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

Atmosphera Partners with SUNWAVES Festival for On-Chain Event Participation Platform

Published

9 hours ago

on

March 3, 2026

By

Atmosphera announces a platform collaboration with SUNWAVES Festival SW38, enabling on-chain participation for the September 2026 Spain edition.

Barcelona, Spain, March 3, 2026 — Atmosphera, an event participation platform that connects blockchain technology with the live entertainment industry, today announced a collaboration with SUNWAVES Festival for its upcoming SW38 edition. 

The partnership integrates Atmosphera’s on-chain platform with one of Europe’s long-running electronic music festivals, scheduled for September 3–7, 2026 in Spain.

Through the collaboration, SUNWAVES SW38 becomes the first major festival to integrate Atmosphera’s tokenized participation framework, which allows individuals to engage with live events through blockchain-verified digital instruments. The platform supports both traditional banking rails and digital asset transactions via USDC on the Arbitrum network.

About SUNWAVES Festival

SUNWAVES was founded in 2007 and has since produced 37 consecutive editions, growing from an independent Romanian beach event into a recognized name in the underground electronic music space. Its programming has featured established artists including Ricardo Villalobos, Marco Carola, Loco Dice, Seth Troxler, Raresh, Rhadoo, tINI, and Sonja Moonear. The festival’s Spanish editions have drawn attendees from across Europe.

SW38 represents SUNWAVES’ continued presence in Spain and its first edition to be featured on the Atmosphera platform.

About Atmosphera

Atmosphera is an event participation platform that connects individuals with live experiences through blockchain-based digital structures. The platform supports both fiat and cryptocurrency transactions, with participant verification and on-chain record-keeping as standard features. Atmosphera’s ecosystem currently includes over 3,500 events and more than 750 organizer partners.

Partnership Details

Under the collaboration, Atmosphera will provide the technical infrastructure to facilitate on-chain participation in the SW38 event. Capital directed through the platform will support event execution, including artist programming, production infrastructure, venue operations, and marketing. All participation is subject to identity verification in accordance with applicable regulations.

“For nearly two decades, Sunwaves has been one of the most consistent festival brands in the electronic music space. This collaboration with Atmosphera represents a step toward broadening how live entertainment engages with participants and how events access operational support through new technology frameworks.”

— Atmosphera Team

Additional Information

Individuals interested in learning more about the Atmosphera platform or the SW38 collaboration can visit atmosphera.live for details. SUNWAVES Festival information is available through its official channels.

Atmosphera: atmosphera.live Telegram: t.me/atmospherainvest SUNWAVES: office@sw4music.es | office@sunfestevents.ro

Media Contact

Organization: ATMOSPHERA CORP

Contact Person: Stoyan Angelov

Website: https://atmosphera.live

Email:
Info@atmosphera.live

Address:InCorp Services, Inc. 1910 Thomes Ave Cheyenne, WY 82001

Country:United States

Release id:41989

The post Atmosphera Partners with SUNWAVES Festival for On-Chain Event Participation 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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Press Release

Claude Riveloux Releases Market Commentary on Energy Supply Considerations and Capital Flows

Published

13 hours ago

on

March 3, 2026

By

France, 3rd Mar 2026 – Claude Riveloux, Senior Market Strategist, has released a comprehensive market commentary report detailing current observations on global energy supply considerations and recent shifts in institutional capital allocation. The newly published analysis examines available market data, noting historical activity in volatility indices and observable movements of capital between different asset classes during the first quarter of 2026.

Observations on Global Energy Logistics

A primary focus of the report is the structural mechanics of global energy transit routes. Riveloux’s analysis models various scenarios regarding supply chain logistics and their historical correlation with broader energy pricing. The commentary reviews recent market data reflecting implied U.S. bond volatility and technology sector trading volumes in relation to these macroeconomic factors. Furthermore, the report discusses how energy supply metrics have historically interacted with inflation calculations and the broader economic framework.

Reviewing Institutional Capital Flows

Claude Riveloux, whose background includes extensive study at Wharton and Harvard Business School, outlines observable changes in asset allocation strategies among institutional participants. The publication categorizes current market movements into a structural rotation framework, reviewing recent liquidity data to map the current distribution of capital across different sectors.

The commentary highlights several specific asset classes based on their year-to-date performance metrics:

  • Precious Metals: The report documents recent trading volumes and valuation adjustments in gold, reviewing its historical context within macroeconomic shifts.
  • Currency Markets: Riveloux examines the current valuation of the Swiss franc relative to the U.S. dollar, discussing the operational considerations this environment presents for international central banking institutions.
  • Digital Assets: The analysis includes an assessment of recent Bitcoin market behavior, comparing its current pricing trajectory with traditional historical asset classes.

Sector-Specific Market Observations

The report outlines how global supply chain factors and energy logistics have historically influenced specific regional and industrial sectors. Riveloux provides an overview of global regional equity markets, discussing their historical sensitivity to localized logistical disruptions. Additionally, the commentary explores how variations in core energy costs generally influence capital allocation models within the transportation and industrial sectors.

Economic Framework for 2026

In concluding the analysis, Riveloux reviews the economic framework for the remainder of 2026, comparing supply-side economic constraints with demand-driven growth models. The report emphasizes the role of objective risk assessment methodologies in institutional portfolio management and details standard practices for evaluating asset exposure in varying macroeconomic environments.

Media Contact

Organization: Claude Riveloux

Contact Person: Claude Riveloux

Website: https://www.clauderiveloux.com/

Email: Send Email

Country:France

Release id:42082

The post Claude Riveloux Releases Market Commentary on Energy Supply Considerations and Capital Flows 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

A New Chapter Begins: WeTrade Continues Partnership with Phantom Global Racing

Published

14 hours ago

on

March 3, 2026

By

A New Chapter Begins: WeTrade Continues Partnership with Phantom Global Racing

Kingstown, Saint Vincent And The Grenadines, 3rd Mar 2026 – WeTrade has announced the continuation of its partnership with Phantom Global Racing (PGR) for the 2026 season. Building on a strong foundation, this next phase reflects an expanded focus on growth, innovation, and deeper engagement between the worlds of trading and racing. 

New this year, the face and driver representing WeTrade and PGR is the immensely talented Rodrigo Dias Almeida. The Mozambique-born racer brings fresh momentum and ambition to the team, aligning closely with WeTrade’s commitment to performance, precision, and progress. 

 

“We are excited to continue this partnership and to welcome Rodrigo to team,” said Mario Pashardes, International Sales Director at WeTrade. “This collaboration is a shared commitment to pushing boundaries, both in racing and trading.” 

In the 2025 season, WeTrade and PGR carried the partnership through the Porsche Carrera Cup Asia. Thousands of fans cheered on as WeTrade’s brand zoomed across global landmark circuits, including Singapore, Malaysia, and Indonesia.  

Beyond presence, the collaboration extended into race weekend exclusive hospitality and immersive experiences, offering guests and partners exclusive access to pit garages, grid walks, and behind-the-scenes moments at the heart of the action. 

 This year, WeTrade and PGR look forward to expanding the impact of the partnership, engaging fans and communities, and delivering a year defined by ambition and results. 

 About WeTrade 
WeTrade is a globally recognised financial broker, founded in 2015, offering innovative online trading services across a diverse range of CFD instruments. Known for its strong client protection, ultra-low spreads, and award-winning loyalty programs, WeTrade is dedicated to making trading both successful and rewarding.   

Contact 
comms@wetrade.com 

About Phantom Global Racing (PGR) 
Phantom Global Racing is an international motorsport team competing across global racing series, driven by performance, precision, and a commitment to excellence on and off the track. 

 

Media Contact

Organization: WeTrade

Contact Person: CHONG PEI ZHOU

Website: https://www.wetrade.com/

Email:
comms@wetrade.com

City: Kingstown

Country:Saint Vincent And The Grenadines

Release id:42043

The post A New Chapter Begins: WeTrade Continues Partnership with Phantom Global Racing 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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