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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

MEXC Concludes VVIP Mystery Box Event, Distributing Exclusive Privileges Valued at 2 Million USDT

Published

47 minutes ago

on

October 19, 2026

By

Mutsamudu, Comoros, October 19th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, has concluded the Mystery Box event held to celebrate its VVIP brand upgrade, featuring a 1 million USDT prize pool. In addition to the opportunity to win rewards from the prize pool, MEXC distributed exclusive privileges valued at 2 million USDT across all VVIP tiers, helping users accelerate their progression through the VVIP program.

Event Recap: Participation, Rewards and Progression

During the 48-hour Mystery Box Flash, users opened approximately 100,000 VVIP Mystery Boxes. The average earnings per box opened by Elite users were 32 times those of Standard users. This reflects the VVIP program’s dynamic reward structure, where higher M-Scores significantly increase the odds of winning top prizes.

More than 1 million M-Score interactions were recorded during the event. After experiencing Elite privileges through the seven-day trial card, more than 3,000 new VVIP users raised their M-Scores during the event and formally advanced to MEXC VVIP Elite. As one of its exclusive VVIP privileges, Futures Loss Coverage provided more than 100,000 USDT in Futures Bonus to 1,036 users for eligible futures trading losses. MEXC Card also extended VVIP benefits into everyday spending, offering tiered cashback of up to 10%. MEXC Card applications increased by 28% during the event.

An Industry-First Dynamic VVIP Growth System Centered on Retail Users

The strong participation throughout the event highlighted the appeal of MEXC’s upgraded VVIP program and its enhanced privileges. Where traditional VIP programs tie status to high, static asset thresholds, MEXC VVIP is an industry-first dynamic growth system centered on retail users, guided by the philosophy of “0 Thresholds. 1 M-Score. ∞ Opportunities.” Any registered user can become a MEXC VVIP by agreeing to the program’s terms.

MEXC VVIP features a dynamic M-Score system that assesses users across multiple dimensions. As users’ M-Scores increase, they can progress through the Standard, Premier, and Elite tiers, unlocking greater privileges at each level. VVIP members can access up to 12 exclusive privileges, including Futures Loss Coverage, Futures Position Limit Boost, MEXC Card Tiered Cashback, and VIP Support.

MEXC will continue to refine its VVIP growth system, provide a more transparent path for users to advance through the tiers, and expand its range of exclusive privileges.

About MEXC

Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.

With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: media@mexc.com

Risk Disclaimer:

This content does not constitute investment advice. Given the volatility of financial markets, including digital assets, tokenized assets, and traditional financial products, investors should carefully assess market conditions, underlying asset fundamentals, and potential financial risks before making any investment or trading decisions.

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MEXC
media@mexc.com

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Press Release

StakerX’s AI Agent Surpasses Passes $40M Staked Assets on Solana Within Three Months of Launch

Published

1 hour ago

on

October 19, 2026

By

Zug, Switzerland, October 19th, 2026, Chainwire

StakerX’s AI Agent Surpasses Passes $40M Staked Assets on Solana Within Three Months of Launch

StakerGPT trades crypto markets around the clock and publishes every trade it makes, as more than 8,200 users join the platform

StakerX.ai, an agentic trading platform built by Switzerland-based StakerX Strategies AG, has passed $40 million in assets staked on Solana less than three months after its public launch on July 13, 2026. Users fund their stakes with more than 40 cryptocurrencies from most major blockchains, and StakerGPT, the platform’s agentic trading agent, puts that capital to work in crypto perpetual futures markets every day.

An AI agent that shows its work

An agentic system is AI software that carries out a multi-step task on its own. StakerGPT is built on rare-access Claude Mythos: it monitors crypto markets around the clock, reasons over potential trade setups, filters them through risk controls and routes the approved trades for execution, without a human placing each order.

Every trade is public. StakerX publishes the full record daily at stakerx.ai/trades, with the market, direction, entry and exit prices and return of each position, including both live-executed and signal-derived trades. As of October 18, 2026, the record holds 804 trades across 139 trading days since June 1, 2026, so anyone can check what the agent did on any given day instead of relying on summary figures.

Fund it with almost any coin

Users can deposit USDC, USDT, BTC, ETH, SOL, BNB, TRX and more than 30 other cryptocurrencies from Solana, Ethereum, Bitcoin, BNB Chain, Base, Arbitrum, Polygon, Tron and other networks. Each deposit is converted and credited as USDC, a dollar-backed stablecoin, on Solana, so users do not need to bridge or swap anything themselves. Stakes start at $10 and run for 30 days.

Three months of growth

As of October 18, 2026, StakerX.ai reports:

  • $40 million currently staked on the platform
  • More than 8,200 registered users, of whom more than 3,000 have funded an account
  • 804 trades published across 139 trading days
  • More than 27,700 completed withdrawals, totalling $10+ million
  • Nearly $12 million in yield credited to users since launch

Coming to the App Store and Google Play

StakerX is preparing native mobile apps for iOS and Android, expected in December 2026, which will bring the dashboard, deposits and the live StakerGPT trade record to the Apple App Store and Google Play. The platform is available today on the web at stakerx.ai.

About StakerX

StakerX is an agentic trading platform built and operated by StakerX Strategies AG, a quantitative trading and investment firm based in Switzerland. Its AI trading agent, StakerGPT, is built on rare-access Claude Mythos and evaluates crypto markets, applies risk filters and routes trades, and the platform publishes every trade in its record daily. Its goal is to make agentic trading accessible to anyone who holds crypto, from any chain, with every trade on the record. StakerX launched publicly on July 13, 2026. More information is available at stakerx.ai.

Media contact

Rimma S. – StakerX Strategies AG | Media Relations

support@stakerx.ai

Contact

Media Relations
Vince Mueller
StakerX Strategies AG
support@stakerx.ai

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Press Release

NET Expands Custom Beverage Tablet Development and Manufacturing Services

Published

2 hours ago

on

October 19, 2026

By

Seoul, South Korea, 19th Oct 2026 — South Korean food technology company NET is expanding its custom beverage tablet development and manufacturing services for food manufacturers and consumer brands. The company is applying formulation and production experience gained through Pocket Tonic to products developed around clients’ ingredients and beverage concepts.

NET’s services begin with assessing whether a client’s ingredients and intended product characteristics are suitable for a beverage tablet. Development then progresses through formulation, prototype production and the establishment of manufacturing conditions, with evaluations covering taste, dissolution, storage stability and production feasibility.

According to NET, developing a beverage tablet requires more than compressing powdered ingredients. Different ingredients affect flavor after dissolution, sensitivity to moisture and quality during storage. The company manages formulation and manufacturing conditions to support consistent quality across production batches.

Pocket Tonic, NET’s first commercial product, is an effervescent tablet that dissolves in water to make a refreshing tonic drink. Its compact format allows it to be carried and stored at room temperature. Consumer feedback on taste and ease of use informs NET’s subsequent product development.

In 2023, NET received the Minister of Science and ICT Award, the grand prize at the Food Technology Awards organized by the Korea Food Research Institute.

NET is working with South Korean food manufacturers and consumer brands on customized formulations. Feedback from Pocket Tonic customers informs these projects, while ingredient and manufacturing data generated through client development work contributes to NET’s own product development. Areas under development include hydration drinks, specialty non-alcoholic bases and beverages for café use.

The company is also exploring distribution opportunities in Indonesia and Singapore. Through its participation in the GSA (Global Startup Academy) G-Camp One ScaleX Indonesia program, NET has conducted market research and business meetings with representatives from the coffee, foodservice and hospitality sectors to discuss potential applications in cafés, restaurants and hotels.

“Pocket Tonic has helped us bring our beverage tablet technology to market and understand how consumers use the product,” said Ye-seong Kim, CEO of NET. “We are applying that experience to custom development and manufacturing based on each client’s ingredients and beverage concept.”

Kim said NET will prioritize projects that can progress from development to commercial production and repeat supply, with attention to taste, ease of use and consistent manufacturing quality.

NET plans to expand its own product portfolio alongside its custom development services, build on its ingredient-specific formulation data and further improve its production and quality management systems.

[About NET] NET is a South Korea-based food technology company specializing in beverage tablet development and manufacturing. It operates the Pocket Tonic brand and provides custom formulation, prototyping and commercial production services for business clients.

For more information, please visit https://pockettonic.imweb.me.

Media Contact

Organization: NET (Pocket Tonic)

Contact Person: Ye-seong Kim (CEO)

Website: https://pockettonic.imweb.me

Email: Send Email

City: Seoul

Country: South Korea

Release id: 49866

View source version on King Newswire:
NET Expands Custom Beverage Tablet Development and Manufacturing Services

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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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