Press Release
What’s the NFT game Tencent & Alibaba Rush into?
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
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.
AccountingOCR.com has launched a new AI-powered OCR platform built for accounting workflows. The software helps firms and finance teams extract structured data from financial documents without relying on templates or manual document setup.
Mississippi, United States, 1st Apr 2026 – AccountingOCR.com recently announced the launch of its AI OCR platform designed to help accounting teams convert financial documents into structured digital data.
The platform was developed for firms and finance departments that regularly work with invoices, receipts, bank statements, tax forms, and other records that often arrive in inconsistent formats. In many accounting environments, processing these documents still involves a mix of manual entry, template-based extraction tools, and fragmented systems for different document types. AccountingOCR.com enters the market with a broader approach focused on handling varied financial records through a single AI-driven workflow.
According to the company, the software reads data from scanned paper documents, digital PDFs, and image-based files without requiring fixed templates or document-by-document configuration. The goal is to make document intake more practical for accounting teams that need to work across changing layouts, multiple clients, and large volumes of records while keeping extracted information usable for spreadsheet review and accounting system imports.
A key part of the platform’s positioning is its focus on accounting use rather than general OCR alone. In addition to extracting text and tables, the software is designed to support early-stage classification of financial data, helping teams organize information in a way that better fits bookkeeping and reporting workflows. This reflects growing demand for tools that do more than capture text and instead help reduce the administrative burden around coding, categorization, and review.
The launch also speaks to a wider shift taking place across the accounting profession. As firms manage rising document volumes and tighter reporting timelines, there is increasing pressure to reduce repetitive processing work without sacrificing structure or control. AccountingOCR.com is aimed at teams looking for a more consistent way to move from raw financial documents to usable data without adding more manual steps to the process.
The company said the platform includes security controls intended for organizations handling sensitive financial information. It states that the software is SOC 2 Type 2 certified, uses encryption for data in transit and at rest, and does not use customer files to train AI models. Documents processed through the system are automatically deleted within 24 hours.
About AccountingOCR.com
AccountingOCR.com is an AI-powered OCR software platform focused on accounting and financial document processing. The company helps firms and finance teams extract structured data from invoices, receipts, statements, tax forms, and other records for use in spreadsheets and downstream accounting workflows.
Media Contact
Organization: AccountingOCR.com
Contact Person: Zoe Russell
Website: https://www.accountingocr.com/
Email: Send Email
State: Mississippi
Country:United States
Release id:43490
The post AccountingOCR.com Releases AI OCR Platform for Accounting Teams 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
About Author
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.
ContractExtraction.com has launched a new AI-powered platform designed to extract key terms from contracts and convert them into structured data. The software is intended to help legal, procurement, and operations teams reduce the time spent reviewing agreements manually and improve visibility across large contract portfolios.
United States, 1st Apr 2026 – https://www.contractextraction.com announced the launch of its new contract extraction platform, a software solution developed to help organizations identify and structure important terms from contracts, NDAs, and related agreements through AI.
For many businesses, contract information is available but not easily usable. Important details such as effective dates, renewal terms, payment obligations, notice periods, and party names are often buried in lengthy agreements that must be reviewed one by one. This can create delays not only in legal review, but also in procurement, compliance, and operational planning, especially when organizations are working across large volumes of active and legacy contracts.
ContractExtraction.com was developed to address that challenge by turning contract language into structured output that can be searched, filtered, and analyzed more efficiently. According to the company, the platform is designed to interpret legal phrasing and identify key business terms across a wide range of contract formats without requiring template setup or document-by-document configuration. The software is intended to help teams move more quickly from document review to practical contract visibility.
The company says the platform is particularly relevant in situations where businesses need to review agreements at scale, whether for migration projects, portfolio cleanup, vendor oversight, or renewal tracking. In these settings, the burden often comes from the amount of manual reading required to locate recurring terms across hundreds or thousands of files. ContractExtraction.com is positioning its software as a way to reduce that burden while making contract information easier to use in downstream systems and reporting environments.
The launch reflects broader interest in tools that can support contract operations beyond storage alone. As organizations place greater emphasis on obligation tracking, commercial visibility, and internal controls, there is increasing demand for systems that can help transform static agreements into working data. The company says this is especially relevant for teams that need contract information to support ongoing decisions rather than remain locked inside legal documents.
ContractExtraction.com also states that the platform is SOC 2 Type 2 certified and HIPAA compliant, uses AES-256 encryption for data at rest, protects data in transit with TLS 1.2 or higher, does not use customer files to train AI models, and deletes processed contracts within 24 hours. According to the company, these measures are intended to support organizations that require stronger safeguards when handling sensitive legal and business records.
One user described the impact by saying that a portfolio migration involving more than 2,000 legacy contracts, which would have taken months to review manually, was completed in two days using automated extraction. The company says this reflects growing demand for tools that can help legal and business teams work through contract volume with greater speed and consistency.
About ContractExtraction.com
ContractExtraction.com helps organizations extract key terms and structured data from contracts using AI. The platform is designed to make information from agreements easier to use in spreadsheets, reporting tools, and contract management workflows.
Media Contact
Organization: ContractExtraction.com
Contact Person: Isaac Bell
Website: https://www.contractextraction.com/
Email: Send Email
Country:United States
Release id:43461
The post ContractExtraction.com Launches AI Platform for Extracting Data from Contracts 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
About Author
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.
ContractDataExtraction.com has launched a new AI-powered platform designed to convert contracts into structured, spreadsheet-ready data. The software is intended to help legal, procurement, and operations teams work more effectively with contract information that is often difficult to track once it is locked inside static documents.
United States, 1st Apr 2026 – ContractDataExtraction.com recently announced the launch of its new contract analysis platform, a software solution developed to help organizations extract structured data from contracts, agreements, and related records through AI.
The release addresses a common challenge in contract management. While contracts often contain critical information tied to renewal timing, payment obligations, termination rights, liability terms, and operational commitments, much of that information remains embedded in documents that are easy to store but difficult to monitor at scale. In many organizations, this leads to fragmented review processes, limited visibility across contract portfolios, and avoidable risk when key terms are not surfaced in time.
ContractDataExtraction.com was developed to address that gap by converting contract language into structured output that can be searched, filtered, and analyzed more easily. According to the company, the platform is designed to identify key provisions and business terms across a wide range of contract formats without requiring document-specific templates or manual setup. The software is intended to support both newly received contracts and legacy archives that may currently sit in shared folders, inboxes, or document repositories without a practical way to compare them at scale.
The company says the platform is especially relevant for teams that need contract data in a working format rather than a storage format. In legal and procurement environments, the challenge is often not access to contracts themselves, but the time required to locate and organize the information that matters across hundreds or thousands of files. ContractDataExtraction.com is positioning its platform around that operational need, with an emphasis on helping businesses turn agreements into usable datasets that support oversight, compliance, and planning.
The launch also reflects a broader shift in how organizations are approaching contract operations. As companies place greater emphasis on renewal management, vendor governance, and internal controls, there is increasing demand for tools that can surface contractual information without requiring line-by-line manual review for every document. The company says this is particularly important where large contract inventories make traditional tracking methods difficult to sustain.
ContractDataExtraction.com also states that the platform is SOC 2 Type 2 certified and HIPAA compliant, uses AES-256 encryption for data at rest, protects data in transit with TLS 1.2 or higher, does not use customer files to train AI models, and deletes processed contracts within 24 hours. According to the company, these measures are intended to support organizations that require stronger standards around privacy, security, and document handling.
One user described the impact by saying that a contract archive containing thousands of documents could be converted into a searchable spreadsheet within days, allowing the team to identify expiration dates and renewal terms that had previously been difficult to track. The company says this reflects growing demand for tools that can help organizations move from passive contract storage to more active contract visibility.
About ContractDataExtraction.com
https://www.contractdataextraction.com aims to help organizations extract structured data from contracts using AI. The platform is designed to make information from agreements, NDAs, leases, and other contract records easier to use in spreadsheets, reporting tools, and operational workflows.
Media Contact
Organization: ContractDataExtraction.com
Contact Person: Nora Kelly
Website: https://www.contractdataextraction.com/
Email: Send Email
Country:United States
Release id:43460
The post ContractDataExtraction.com Launches AI Tool to Convert Contracts into Structured Data 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
About Author
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.
AccountingOCR.com Releases AI OCR Platform for Accounting Teams
ContractExtraction.com Launches AI Platform for Extracting Data from Contracts
ContractDataExtraction.com Launches AI Tool to Convert Contracts into Structured Data
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