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

Published

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

New Generation of Crypto Miners Released by ASICID

Published

2 minutes ago

on

October 6, 2026

By

Hong Kong, Hong Kong, October 6th, 2026, Chainwire

ASICID Inc. has released its IDMINER Series, a new lineup of cryptocurrency mining systems designed for Bitcoin, Litecoin, and Dogecoin mining.

The series includes the IDMINER HomeRack, IDMINER 2 and IDMINER 1, with configurations ranging from 1,150 TH/s to 9,600 TH/s of Bitcoin hashrate and from 350 GH/s to 3,200 GH/s of Litecoin and Dogecoin hashrate.

The three models are designed for different mining setups, from individual and home miners to professional and larger-scale operators.

IDMINER Series Specifications

IDMINER HomeRack

  • Bitcoin hashrate: 9,600 TH/s
  • Litecoin/Dogecoin hashrate: 3,200 GH/s
  • Power configuration: 4 × 1,300W
  • Estimated monthly mining revenue: up to $25,590*

IDMINER 2

  • Bitcoin hashrate: 2,400 TH/s
  • Litecoin/Dogecoin hashrate: 800 GH/s
  • Power consumption: 1,300W
  • Estimated monthly mining revenue: up to $6,390*

IDMINER 1

  • Bitcoin hashrate: 1,150 TH/s
  • Litecoin/Dogecoin hashrate: 350 GH/s
  • Power consumption: 700W
  • Estimated monthly mining revenue: up to $2,790*

*The revenue figures are estimates based on network conditions, cryptocurrency prices, and mining difficulty at the time of publication.

Designed for Simpler Deployment

The IDMINER systems are delivered pre-configured and tested before shipment. Users can connect the miner to power, connect via WiFi or Ethernet, enter their preferred mining pool information, and begin mining.

The systems support major mining pools and also provide access to ASICID’s Zero-Fee Mining Pool option.

Other features include thermal management and hardware testing before shipment.

Built for Bitcoin, Litecoin and Dogecoin Mining

ASICID develops and manufactures its mining hardware through an integrated production process that includes research and development, hardware engineering, assembly, thermal testing, and quality assurance.

The company is headquartered in Hong Kong with additional operations in the United States and serves individual miners, professional mining businesses, and institutional operators.

With the IDMINER Series, ASICID is targeting miners looking for high-hashrate hardware with straightforward deployment and power requirements suited to ongoing mining operations.

For more information about the IDMINER Series, users can visit www.asicid.com.

Contact

Peter Lam
media@asicid.com

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Press Release

Vstock Transfer Names Securities Industry Veteran Erica Goodstein General Counsel and Chief Compliance Officer

Published

2 minutes ago

on

October 6, 2026

By

New York, USA, October 6th, 2026, FinanceWire

Vstock Transfer today announced that Erica Goodstein, a veteran securities attorney with over 26 years of experience, has joined the firm as General Counsel and Chief Compliance Officer. Erica joins Vstock Transfer after more than a decade as Assistant General Counsel at Equiniti and American Stock Transfer & Trust Company, LLC where she served as a lead attorney supporting the company’s legal and regulatory functions, advising executive leadership and the board on corporate strategy and risk management. Earlier in her career, she spent nearly 14 years as an attorney at Skadden, Arps, Slate, Meagher & Flom LLP, handling complex domestic and international commercial litigation and related matters spanning securities, intellectual property, bankruptcy, real estate, and corporate takeover disputes.

“Erica’s experience speaks for itself and having her lead our legal and compliance function reflects exactly where Vstock Transfer is headed,” said Seth Farbman, Chairman and Co-Founder of Vstock Transfer.

“Erica joins us at a pivotal moment,” said Yoel Goldfeder, CEO of Vstock Transfer. “While her experience will be valuable in our existing services, including SPAC and de SPAC transaction services, proxy solicitation, and annual meeting services for the issuers we serve, Erica’s background will also help us expand well beyond core transfer agency work with AI, blockchain and related corporate services. Having someone with her background gives our clients, and prospective clients, real confidence in the governance behind that growth.”

“What drew me to Vstock Transfer is the momentum,” said Goodstein. “The caliber of companies coming to this firm and the scope of services being rolled out reflect a firm that, even after fifteen years, is scaling deliberately. I am looking forward to building on the legal and compliance foundation and roadmap to match that growth.”

About Vstock Transfer

Vstock Transfer is an SEC-registered stock transfer agent providing transfer agency and corporate action services to public companies on Nasdaq, NYSE, and the OTC markets. Services include DWAC and DRS processing, dividend distributions, proxy solicitation, annual meeting support, virtual meeting hosting, as well as SPAC and de-SPAC transaction services.

Contact

Chairman
Seth Farbman
Vstock Transfer
Seth@vstocktransfer.com

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Press Release

JetAlto Opens Dedicated Dubai to Maldives Private Jet Charter Route Ahead of Peak Season

Published

16 minutes ago

on

October 6, 2026

By

LONDON, 5 October 2026 – Private jet charter marketplace JetAlto has added a dedicated Dubai to Male route, connecting the UAE with the Maldives in under four hours as the islands approach their winter high season.The 2,965 km trip needs no fuel stop. A super-midsize jet such as the Challenger 350 or Citation Longitude completes it in about 3 hours 40 minutes. JetAlto suggests this class as the best-value option for groups of up to 10. Indicative one-way prices start at $32,000 for a midsize jet and reach $115,000 for ultra-long-range types like the Global 7500. Fuel, crew and handling are included. Nonstop flights from Dubai to Male in under four hours, with indicative one-way pricing from $32,000 and super-midsize jets named the best-value option for the crossing.

London, United Kingdom, 6th Oct 2026 – JetAlto, the independent private jet charter marketplace, has opened a dedicated Dubai to Male charter route. It gives travellers a direct link between the UAE and the Maldives just as the islands head into their busiest months of the year. The new route brings aircraft options, indicative prices and arrival planning for the Indian Ocean crossing together in one place, with quotes sourced from licensed third-party operators.

The 2,965 km (around 1,840 miles) flight runs nonstop in roughly 3 hours 40 minutes on a super-midsize jet, with no fuel stop required. Larger cabins trim the journey further: heavy jets cover it in about 3 hours 30 minutes and ultra-long-range aircraft in around 3 hours 20 minutes, while midsize jets take closer to 4 hours 10 minutes.

“Dubai has become the obvious jumping-off point for the Maldives, whether clients live in the Gulf or are connecting in from Europe and North America,” said a JetAlto spokesperson. “This route lets them see the real options before they enquire: which aircraft suits the group, what it costs, and how the timing works once they land in Male. The tricky part of a Maldives trip is usually the last leg to the resort, so we planned the route around that.”

Aircraft and indicative pricing

Four aircraft classes serve the route. One-way indicative prices include fuel, crew and handling:

  • Midsize (Praetor 500, Citation Latitude), up to 9 passengers: $32,000 to $42,000
  • Super-midsize (Challenger 350, Citation Longitude), up to 10 passengers: $42,000 to $58,000
  • Heavy (Falcon 2000LXS, Challenger 650, Gulfstream G450), up to 14 passengers: $58,000 to $82,000
  • Ultra-long-range (Global 7500, Gulfstream G650ER, Falcon 8X), up to 16 passengers: $85,000 to $115,000

Super-midsize is the recommended choice for most groups, balancing cabin space and cost. Ultra-long-range jets make sense for travellers planning to fly on to London, Zurich or New York after their resort stay. Final quotes can move by around 15 per cent depending on dates and aircraft availability.

Departures from DWC or DXB

Flights can depart from Al Maktoum International (DWC), where a 4,500 m runway makes it the standard pick for long-range departures at full fuel. FBOs there include DC Aviation Al-Futtaim, ExecuJet Middle East and Jetex. Dubai International (DXB), 12 km from Downtown.

Arrival in Male and resort transfers

At Velana International Airport (MLE), passengers clear customs and immigration in a private VIP terminal on the north side of Hulhulé island, typically in around ten minutes. The Maldives offers a free 30-day visa on arrival to every nationality holding a valid passport and confirmed accommodation.

Guests then continue to their resort in one of three ways:

  • by seaplane with Trans Maldivian Airways or Manta Air
  • by speedboat to the North and South Male atolls, which takes 20 to 60 minutes and runs around the clock
  • by domestic flight to the more remote atolls

Since seaplanes fly in daylight only, JetAlto advises landing before roughly 3:30 to 4:00 pm local time in winter to avoid an unplanned night in Male.

Planning for peak season

With high season approaching, JetAlto recommends booking early for Christmas, New Year and Chinese New Year. During those weeks aircraft parking at Male is limited, and some jets may need to reposition to Gan (GAN) or Colombo (CMB) after drop-off. Landing permits for foreign aircraft can take 48 to 72 hours to arrange in busy periods. For summer trips, Dubai temperatures above 45°C in July and August can cut takeoff performance, so early morning or post-sunset departures are preferred.

Instant estimates for Dubai to Male are available at jetalto.com with no email address needed, and the charter team can be reached 24/7 at vip@jetalto.com.

About JetAlto

JetAlto is an independent private jet charter marketplace that connects travellers with vetted, licensed operators worldwide. The platform provides instant price estimates and competitive quotes across midsize, super-midsize, heavy and ultra-long-range aircraft, serving clients across Europe and North America. JetAlto acts as a charter broker and does not operate aircraft itself.

Media contact: vip@jetalto.com
Website: jetalto.com

Sources: JetAlto – Dubai to Male Private Jet Charter

Media Contact

Organization: JetAlto.com

Contact Person: Dragomir I.

Website: https://jetalto.com/charter/dubai-male

Email: Send Email

City: London

Country: United Kingdom

Release id: 49670

The post JetAlto Opens Dedicated Dubai to Maldives Private Jet Charter Route Ahead of Peak Season 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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