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

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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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Press Release

PineX Capital Expands Into the UK as German Prop Firm Targets One of the World’s Largest Trading Markets

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Dubai, UAE, July 2nd, 2026, FinanceWire

The established proprietary trading firm is bringing its funded trading programmes to UK traders, combining transparent evaluation models with up to $2 million in simulated funding.

PineX Capital, one of the fastest-growing proprietary trading firms for German traders, has officially expanded its offering to the UK as it continues its international growth strategy.

Having built a strong reputation across the German-speaking trading community, PineX Capital is now making its funded trading programmes available to UK traders, giving them access to evaluation accounts, instant funding options and scaling opportunities of up to $2 million in simulated capital.

The move comes as demand for proprietary trading continues to grow globally, with more traders choosing funded account programmes as an alternative to risking significant personal capital. The sector has expanded rapidly in recent years as traders seek access to larger account sizes, competitive profit splits and performance-based scaling opportunities.

Unlike traditional retail trading accounts, proprietary trading firms allow traders to demonstrate their ability through structured evaluation programmes before gaining access to larger pools of capital. Successful traders can then earn a share of the profits they generate while trading within clearly defined risk parameters.

PineX Capital has differentiated itself through a trader-first approach, offering features including:

  • Funding opportunities of up to $2 million
  • Profit splits of up to 100%
  • Multiple evaluation models, including instant funding and two-step challenges
  • Transparent trading rules with no hidden fees
  • Scaling plans designed to reward consistent performance
  • Withdrawals available every 14 days

The UK has long been recognised as one of the world’s most active retail trading markets, making it a natural next step in PineX Capital’s international expansion.

Arlind I., CEO of PineX Capital said: “Germany has been an important market for us, but we’ve seen growing demand from traders across the UK who want access to transparent funded trading opportunities. Our goal has always been to build a prop firm that rewards consistency, removes unnecessary complexity and gives talented traders the opportunity to scale.”

The company says its focus remains on creating fair evaluation conditions while continuing to invest in technology, trader support and platform improvements.

The expansion also reflects the wider maturity of the proprietary trading industry, with traders placing increasing importance on transparency, payout reliability and clearly defined trading rules when choosing a prop firm. Industry analysts suggest these factors are now among the biggest drivers when comparing funded trading providers.

As PineX Capital establishes its presence in the UK, the company plans to continue developing its offering with additional account models, educational resources and trader-focused features over the coming months.

About PineX Capital

PineX Capital is a proprietary trading firm providing traders with access to simulated funded trading accounts through transparent evaluation programmes and direct funding models. Built around fairness, flexibility and trader development, PineX Capital offers competitive profit splits, straightforward trading rules and dedicated support to help traders progress with confidence. Originally established in Germany, the company is expanding internationally to serve a growing community of traders across Europe and beyond.

For more information about PineX Capital and its funded trading programmes, users can visit the company’s website.

Contact

CEO
Arlind I.
PineX Capital
support@pinexcapital.com

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Press Release

Scientology Volunteers provide needed humanitarian help after natural disasters in Venezuela

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Nearly 400 Volunteer Ministers have been mobilised between Caracas and La Guaira, with supplies, rescue coordination, emotional assistance and international support reaching families affected by recent natural disasters.

Brussels, Brussels, Belgium, 2nd Jul 2026 — In the wake of recent natural disasters that have struck several areas of Venezuela, the Scientology Volunteer Ministers have mounted one of their largest humanitarian operations in the country, working in coordination with the Church of Scientology International, the Church of Scientology of Caracas, the Church of Scientology of Valencia, private-sector allies, national rescue groups and international emergency teams.

The operation is running around the clock and includes humanitarian assistance, logistical coordination, emotional and spiritual support, donation management, supply distribution and support for rescue teams working in the most affected zones. According to those involved in the response, the immediate priorities have included Caracas and La Guaira, while assistance has also reached other affected areas, including Morón and Tucacas.

Rhaiza Ojeda, Director of Scientology in Venezuela, said that the response has required continuous coordination between volunteers, donors, rescue personnel and families waiting for news of loved ones.

“We have received approximately 20 tons, including clothing, shoes, food, hygiene items, medicine, utensils for children, mats, safety boots for rescuers, headlamps for rescuers, picks, shovels, brooms and many other things,” Ojeda said in remarks from the relief operation. She added that much of what had arrived had already been distributed to those in need.

Ojeda said that the humanitarian teams are also identifying continuing needs, including infant formula, milk for older children, adult diapers for elderly people, and technical support for damaged structures and affected communities. “We have received supplies, but we have distributed almost all of them,” she said. “We are mainly supporting Caracas and La Guaira, because we consider them to be the two areas of greatest risk and greatest need.”

A major component of the operation has been cooperation with the Topos rescue organisation of Mexico, an internationally known search-and-rescue organisation with extensive experience in disaster zones. With logistical backing and field coordination from Scientology Volunteer Ministers, specialised rescue personnel have been supporting evaluation, rescue and technical assistance in the areas most affected by the disaster.

The Volunteer Ministers have also helped coordinate transport and movement of specialised personnel, supplies and humanitarian aid into affected zones, including support for rescuers, medical personnel, engineers and infrastructure specialists working to save lives and restore essential services.

Venezuelan actress and humanitarian Ruddy Rodríguez, who has been assisting and communicating from the relief effort, stressed that the response is not a brief appearance but a sustained commitment to families still facing uncertainty.

“I speak as a human being, not as an actress,” Rodríguez said. “I feel that at this moment Venezuela needs hopeful information. We must not discard or close the hope of life, because there is still life.”

She added that rescue and relief teams must continue to act with urgency. “Under that rubble, under all that earth, there are still people breathing, still people asking for help,” she said. “This is the beginning. This is not something to stay for a little while and then leave.”

According to Rodríguez, at the time of her remarks there were “almost 400 Volunteer Ministers divided between Caracas and La Guaira,” with additional volunteers and support expected from other countries. She noted that Volunteer Ministers and supporters had arrived from many countries, including Colombia, Costa Rica, Brazil, the United States, Israel, Spain and others, with Mexican rescue teams also joining the effort. “Disaster unites us,” she said. “We all go to one place.”

The response has also extended beyond Latin America. European Scientologists have rallied to send assistance to Venezuela, and several volunteers from Spain have already joined the humanitarian forces on the ground, travelling to Venezuela to serve as Volunteer Ministers. Organisers said the international mobilisation reflects the broader Volunteer Ministers principle that, in the face of human suffering, practical help and human solidarity must move quickly.

In an interview with Noticias Ecovisión, Rodríguez described the emotional purpose of the relief effort as well as its logistical one.

“I think the most important thing right now, as any volunteer group, is to help strengthen, to rehabilitate hope, to rehabilitate the greatness, to truly rehabilitate all that is good and great in Venezuelans so we can keep going,” she said. “This is truly a very hard moment for all Venezuela, and I feel great pride in the love of Venezuelans for Venezuelans, and for the foreign countries that have had the opportunity to lend us their support, their rescue workers, their rescue dogs. Truly, thank you. I believe every Venezuelan feels truly grateful for that support.”

Rodríguez also emphasised that the work is open in spirit and purpose, focused on service rather than affiliation. “This is a long process. This is only beginning,” she said. “Those who want to be trained to help others, here in Valencia, and also in Caracas, we can train them so they can be Scientology Volunteer Ministers without needing to be Scientologists. There is no race here, no colour, no specific religion. We all work for one common purpose: to continue bringing well-being and helping the people of Venezuela, our people, who need it so much at this moment.”

Beyond material aid, Volunteer Ministers have been providing emotional support to survivors and to families waiting for information about missing relatives. Ojeda described lines of relatives seeking news and support near the centres of assistance.

“There is always a cordon of relatives eager to know what happened to their families,” Ojeda said. “We also attend to those groups. We look after the children. We are making sure they are well. If they are going to stay all night, we care for them, we attend to them, we give them emotional help.”

She described the work as “a crusade of humanity,” adding that Venezuelans must respond with empathy after a shock of this scale. “Right now, Venezuelans have to be truly empathetic with one another so we can support each other, stand behind each other, and get ourselves out of this shake-up we have experienced, which was very hard.”

The Scientology Volunteer Ministers programme was established by L. Ron Hubbard, founder of the Scientology religion, and operates under the motto, “Something can be done about it.” The programme trains volunteers to provide practical assistance in times of disaster and social need, including support for individuals and families affected by loss, displacement and trauma. Volunteer Ministers have participated in relief work following earthquakes, hurricanes, floods, fires and other emergencies in numerous countries.

Ivan Arjona, representative of the Church of Scientology to the European Union, the OSCE, the Council of Europe and the United Nations, said the Venezuelan operation illustrates the practical meaning of human dignity in a moment of crisis.

“What is taking place in Venezuela is a reminder that human rights and human dignity begin with the person in front of us,” Arjona said. “Food, water, a blanket, a trained volunteer, a rescue team that can reach a dangerous area, or a word of hope to a family waiting through the night — these are concrete expressions of human dignity. European Scientologists have not looked at this tragedy from a distance. Many are sending assistance, and volunteers from Spain have already travelled to Venezuela to stand alongside local teams and affected families. That spirit of service reflects the best of Europe’s civic tradition: responsibility, solidarity and respect for every human life.”

Arjona also thanked the International Association of Scientologists for the emergency support being provided in Venezuela, saying that the humanitarian effort demonstrates the importance of cooperation between religious communities, civil society, rescue specialists and private partners. “When public institutions, volunteers, faith-based groups, professionals and citizens work together, the response becomes faster, more humane and more effective,” he said. “In such moments, the question is not what separates people, but what can be done to help them.”

The current operation in Venezuela includes the reception, classification and distribution of food, drinking water, medicines, hygiene products, clothing, blankets, children’s supplies and safety equipment. Volunteer teams are also assisting with the organisation of centres for children and families, support for displaced communities and coordination of resources for those who have lost homes, relatives or essential belongings.

Representatives of the Volunteer Ministers said the scale of the emergency requires disciplined coordination as well as compassion. “When a tragedy of this magnitude occurs, every minute counts and every person can make a difference,” they said. “Our volunteers are working day and night to help save lives, support affected families and bring hope where it is most needed. Venezuela is showing once again that solidarity is stronger than any disaster.”

The Church of Scientology, its missions, groups and members are present throughout the European continent, where their recognition as charitable and bona fide religious communities continues to grow. Inspired by the works of L. Ron Hubbard, Scientology-supported humanitarian initiatives include drug prevention education, human rights awareness, moral education through The Way to Happiness, and Volunteer Minister service in times of need. Across Europe and internationally, these activities reflect a continuing commitment to education, prevention and community betterment.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.scientologyeurope.org

Email:
scientology@europeanaffairs.eu

Address:Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country:Belgium

Release id:46717

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Sunny Glen Children’s Home Celebrates Successful Third Annual Fatherhood Festival

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Rio Grande Valley Families Gather to Honor Fathers and Father Figures

SAN BENITO, TX, UNITED STATES — Sunny Glen Children’s Home wrapped up its Third Annual Fatherhood Festival on Saturday, June 27th, welcoming approximately 150 community members from across the Rio Grande Valley for a morning of games, food, and connection dedicated to celebrating the vital role fathers play in the family, whether biological, adoptive, or a father figure.

Held from 10 a.m. to 1 p.m. at the Poenisch Counseling Center on Sunny Glen’s San Benito campus, the free event paired family fun with practical support, offering outdoor games, a family picnic, and giveaways alongside community resource booths designed to connect local families with services they can use year-round.

The festival was made possible through Sunny Glen’s partnership with the Heart Galleries of Texas, with Desiree’s Spa and Massage sponsoring the grand prize for the event’s giveaway raffle. A range of community partners joined the celebration, including CUTE Pediatrics, Mission Pawsible, the U.S. Coast Guard Auxiliary, The Perfect Body Studio, RGV Dads, and U.S. Fish & Wildlife with the Santa Ana Wildlife Refuge. Each brought resources and connection points for the families in attendance.

The event took place at the Poenisch Counseling Center, a trauma-informed facility built through the generosity of the Poenisch family. The center features counseling offices and a play therapy room open to both Sunny Glen residents and the broader community, and serves as a hub for the home’s parenting and transition programs. It also partners with Heart Gallery, a program of Foster Angels of South Texas, to support post-adoptive and post-permanency families throughout the region.

The Fatherhood Festival reflects Sunny Glen’s long-standing commitment to family, extending that mission into the wider South Texas community by celebrating fathers and father figures and connecting families with the resources they need to thrive.

About Sunny Glen Children’s Home

Sunny Glen Children’s Home was established in 1936 in a single house near La Feria, Texas, where six children were cared for. Since its inception it has provided a Christian home for over 25,000 children. The home offers long-term residential care, counseling services, and supervised development programs while pursuing family reunification when possible. To learn more or get involved, visit sunnyglen.org

Media Contact

Organization: Sunny Glen Children’s Home

Contact Person: Amanda Lucio

Website: https://www.sunnyglen.org/

Email:
media@sunnyglen.org

Address:PO Box 1373

City: San Benito

State: Texas

Country:United States

Release id:46716

The post Sunny Glen Children’s Home Celebrates Successful Third Annual Fatherhood Festival 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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