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

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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

The Rise of Straw and Western Hats: How Timeless Headwear Is Becoming a Summer Style Essential

Published

54 minutes ago

on

July 10, 2026

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kowloon, Hong kong, Jul 10, 2026, ZEX PR WIRE — Straw hats and western-inspired headwear are making a strong comeback as consumers seek accessories that combine comfort, style, and practicality. Once considered traditional outdoor wear, straw hats, cowboy hats, and western hats have become essential fashion pieces for summer wardrobes.

From beach holidays and outdoor festivals to countryside adventures and everyday street style, these timeless hats offer excellent sun protection while adding personality to any outfit. Their versatility has made them a favorite choice for people who appreciate both classic craftsmanship and modern fashion.

Straw hats remain popular because they are lightweight, breathable, and comfortable in warm weather. Available in a variety of styles, including wide-brim sun hats, Panama-inspired designs, and western straw hats, they complement casual outfits as well as vacation and resort wear.

At the same time, cowboy hats and western hats continue to grow in popularity beyond their traditional roots. They are now commonly worn at music festivals, travel destinations, outdoor events, and casual occasions. Their distinctive design allows wearers to express confidence while embracing a timeless western aesthetic.

When selecting a hat, quality and proper fit are essential. A well-crafted hat provides lasting comfort, maintains its shape, and offers reliable performance during outdoor activities. Choosing the correct size ensures both comfort and durability.

The increasing popularity of straw hats and western hats reflects a growing demand for accessories that combine heritage with modern lifestyle needs. These classic designs continue to appeal to fashion-conscious consumers looking for versatile pieces suitable for every season.

UKLbora offers a carefully curated collection of premium straw hats, cowboy hats, and western hats designed for style, comfort, and everyday wear. By combining timeless craftsmanship with contemporary fashion, UKLbora helps customers find quality headwear for every occasion.

Visit: https://shoplbora.co.uk to explore the latest collection.

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TipRanks Expands Its Mission to Democratize Institutional Investing with Launch of First ETF Powered by Its Proprietary Data

Published

16 hours ago

on

July 9, 2026

By

New York, United States, July 9th, 2026, FinanceWire

The launch of RANK marks a major milestone as TipRanks extends its data and analytics beyond research into investable products.

TipRanks, the leading financial research and investment intelligence platform trusted by millions of investors worldwide, today announced the launch of the Defiance KSM TipRanks Analyst ETF (NYSE: RANK)—the first exchange-traded fund built on a proprietary TipRanks index.

For more than a decade, TipRanks has transformed how investors access and evaluate Wall Street research. By bringing transparency and accountability to analyst recommendations and institutional investment signals, the company has helped level the playing field between retail and institutional investors. Today, TipRanks data powers investment decisions for millions of investors and is integrated into many of the world’s leading banks, brokers, wealth managers, and financial media platforms.

The launch of RANK represents the next evolution of that mission.

Rather than simply providing investors with institutional-grade insights, TipRanks is now enabling those insights to become investable products. The ETF transforms Wall Street’s highest-conviction analyst recommendations into a transparent, rules-based investment strategy, giving investors a systematic way to access the ideas that have traditionally been available only through institutional research.

“At TipRanks, our mission has always been to make institutional-quality investment intelligence accessible to every investor,” said Uri Gruenbaum, CEO and Co-Founder of TipRanks. “Over the past decade we’ve built one of the world’s largest and most trusted financial intelligence platforms. Launching our first ETF is a natural extension of that vision. We’re moving beyond helping investors make better decisions—we’re enabling investment products themselves to be powered by our data. We believe this represents the future of investing.”

The ETF tracks the TipRanks US Momentum Analysts Index, a proprietary methodology that combines two of the market’s most closely followed investment signals: Wall Street analyst conviction and positive price momentum. The index begins with the 500 largest U.S.-listed companies, identifies those receiving the strongest analyst support, and selects the 50 companies demonstrating the strongest momentum, creating a disciplined portfolio that is rebalanced quarterly.

The index was developed using TipRanks’ proprietary analyst performance and recommendation data and is independently calculated and administered by VettaFi, one of the industry’s leading index providers. The ETF is issued by Defiance ETFs, with KSM serving as index sponsor. Together, the partnership combines TipRanks’ proprietary intelligence, VettaFi’s institutional-grade index infrastructure, and Defiance’s ETF expertise to deliver a differentiated investment solution.

“We’re constantly looking for differentiated investment strategies that can provide investors with a measurable edge,” said Sylvia Jablonski, Chief Investment Officer of Defiance ETFs. “By combining TipRanks’ unique analyst intelligence with a disciplined momentum methodology, RANK offers investors a transparent, systematic approach to identifying companies with both strong institutional conviction and favorable market trends.”

The launch also marks the beginning of a broader expansion of TipRanks’ index business. The company has developed a growing suite of proprietary indexes built on its unique financial datasets, creating new opportunities for asset managers to develop innovative investment products based on transparent, institutional-quality intelligence.

As investing continues to become increasingly data-driven, TipRanks believes proprietary analytics, artificial intelligence, and systematic investment methodologies will play a growing role in portfolio construction. The launch of RANK is the first example of how TipRanks’ technology can move beyond research and directly power the next generation of investment products in the US.

About TipRanks

TipRanks is a leading financial technology company dedicated to making institutional-quality investment research accessible to every investor. Its proprietary technology analyzes billions of financial data points to deliver transparent insights on Wall Street analysts, financial experts, corporate insiders, hedge funds, news sentiment, and market trends. Trusted by millions of investors worldwide, TipRanks powers investment experiences for many of the world’s leading banks, brokers, wealth managers, exchanges, and financial media organizations.

About Defiance ETFs

Founded in 2018, Defiance ETFs is a leading ETF issuer specializing in thematic, income, and leveraged exchange-traded funds. Defiance develops innovative investment products designed to provide investors with targeted exposure to transformative market trends and differentiated investment strategies.

About VettaFi

VettaFi is a leading provider of indexing, data, analytics, and digital distribution solutions for the asset management industry. Through its index services and technology platform, VettaFi supports ETF issuers and investment managers with institutional-grade index calculation, administration, and investment solutions.

This content is provided for informational purposes only and is not intended to constitute investment advice, a recommendation, solicitation, or opinion. TipRanks and/or the index provider do not guarantee the accuracy or completeness of the information, and its use is at the user’s sole risk. This information should not be construed as a substitute for the ETF’s oSicial documents. The above information does not constitute an oSer to purchase mutual fund units; any purchase of units shall be made solely in accordance with a valid prospectus and immediate reports. The provision of this information does not substitute for personalized advice that takes into account the specific circumstances or needs of any individual.

Contact

COO
Barak Tzachar
barak@tipranks.com

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Octopus Moving Reminds Boston Renters: Keep Trucks Off Storrow Drive and Get Permits Early

Published

16 hours ago

on

July 9, 2026

By

The Boston moving company is issuing a public advisory ahead of the city’s busiest moving weekend, when low bridges and last-minute permits cause the most avoidable damage and fines.

United States, 9th Jul 2026 – Octopus Moving, a licensed and insured moving company based in Boston, today issued a public advisory for renters preparing to move on or around September 1, the date when much of the city changes homes at once. The company is highlighting two avoidable problems that appear every year during this weekend: box trucks driven onto Storrow Drive, and moves that lose their parking to a missed permit deadline. 

September 1 concentrates a large share of Boston’s leases into a single weekend, which strains trucks, crews, and street parking across the city. Two simple steps, the company says, prevent most of the damage and cost that first-time movers run into. 

Keep your moving truck off Storrow Drive

The clearest advice Octopus Moving offers is also the most Boston-specific. Do not drive a moving truck on Storrow Drive or Soldiers Field Road. The bridges over these parkways are unusually low, and every year, especially around September 1, rental box trucks that ignore the clearance signs have their roofs sheared off. Renters using a rental truck should map a truck-legal route on main roads in advance. Those hiring professional movers avoid the risk entirely, since experienced Boston crews know which roads their trucks can and cannot use.

Reserve a moving truck permit before the deadline

A City of Boston moving truck permit reserves about 40 feet of curb, roughly two parking spaces, directly in front of your building for the day. Without it, a truck can be forced to park far from the door, which lengthens the move, and it risks a ticket or towing.

The details renters most often miss:

  • A one-day permit for two non-metered spaces costs about $69 and includes two official No Parking signs. Metered spaces cost an added fee.
  • You can apply online only if your move date is at least 15 days and no more than eight weeks away. If your move is sooner, you must apply in person, and applying at least three business days ahead avoids a late fee.
  • You must post the two No Parking signs at least 48 hours before the move. If they are not posted in time, the City cannot enforce your reserved space.
  • Around September 1, competition for the curb in front of large buildings is fierce, so check the City’s street occupancy lookup and have a backup spot a building or two away.

Renters who would rather not handle City paperwork during move week can ask their moving company to arrange the permit. Octopus Moving pulls permits for its clients so the truck has a legal spot waiting on move day.

A short advisory checklist for September 1

  • Plan a truck-legal route and stay off Storrow Drive and Soldiers Field Road.
  • Reserve your moving truck permit within the City’s application window.
  • Post your No Parking signs at least 48 hours ahead and photograph them.
  • Book movers early, since availability around September 1 fills first.
  • Confirm any building elevator or loading dock time slots in advance.

“Every September in Boston we see the same two mistakes, a rental truck on Storrow and a move with no permit and nowhere to park,” said Oleg Kazaev, founder of Octopus Moving. “Both are completely avoidable with a little planning. Map a legal route, pull the permit in time, and post the signs, and your September 1 goes from a nightmare to an ordinary day. If you would rather not deal with any of it, that is what a local crew is for.”

About Octopus Moving

Octopus Moving is a licensed and insured moving company based in Boston, Massachusetts, serving the Greater Boston area including Cambridge, Somerville, and Brookline. The company provides local moving, long distance moving, office and commercial moving, packing, storage, and specialty services that include piano moving and white glove moving. Octopus Moving operates under USDOT 3125432, employs trained, full time movers, and is open seven days a week from 9 a.m. to 6 p.m.

Media Contact

Oleg Kazaev Octopus Moving 137 Paris St, Boston, MA 02128, United States (781) 333-5383 info.ne@myoctopusmoving.com https://www.myoctopusmoving.com/ 

Media Contact

Organization: Octopus Moving

Contact Person: Oleg Kazaev

Website: https://www.myoctopusmoving.com/

Email: Send Email

Contact Number: +17813335383

Address:376 Washington St, Unit 106, Malden, MA – 02148, United States

Country:United States

Release id:46792

The post Octopus Moving Reminds Boston Renters: Keep Trucks Off Storrow Drive and Get Permits Early 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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