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

Published

5 years ago

on

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

SAP Fioneer Launches Cloud Accounting Subledger to Simplify Multi-GAAP Accounting for Financial Institutions

Published

3 hours ago

on

July 30, 2026

By

Walldorf, Germany, July 30th, 2026, FinanceWire

SAP Fioneer, a leading provider of software solutions for financial services, today announced the launch of its Cloud Accounting Subledger (CAS), a cloud-based solution designed to help financial institutions manage complex accounting requirements and modernize finance operations. 

As financial institutions continue to advance their cloud transformation strategies, many finance organizations remain challenged by fragmented accounting landscapes and increasing regulatory complexity. Multiple accounting systems, disparate processes, and parallel reporting requirements across entities and accounting standards often result in significant reconciliation effort, limited transparency, and higher operational costs. 

“Financial institutions across North America have already made significant progress in cloud adoption, with the vast majority investing heavily in cloud-based architectures. At the same time, many core finance and accounting processes remain fragmented and difficult to modernize,” said Sascha Maric, Managing Director at SAP Fioneer USA. “With Cloud Accounting Subledger, we help institutions address this challenge by providing a unified foundation for managing complex, multi-GAAP accounting in the cloud.” 

SAP Fioneer’s Cloud Accounting Subledger enables financial institutions to manage accounting standards such as IFRS and US GAAP within a single, unified subledger. Purpose-built for AI and by consolidating accounting processes in one environment, the solution helps reduce reconciliation complexity while improving transparency, consistency and auditability across finance and reporting functions. 

Built for SAP S/4HANA Public Cloud, Cloud Accounting Subledger applies a consistent, rule-based accounting approach across portfolios, products and legal entities. This creates a single source of truth for finance, risk and reporting, while enabling closer integration between accounting processes and core finance operations. 

“The launch of Cloud Accounting Subledger marks an important step in the continued expansion of SAP Fioneer’s public cloud portfolio for financial services,” said Frank Hammann, Co-CEO Finance at SAP Fioneer. “By bringing multi-GAAP accounting into a single, SAP-native environment, we help financial institutions to reduce operational complexity and establish a scalable foundation for modern finance operations.” 

About SAP Fioneer  

SAP Fioneer was launched in 2021 as a strategic partnership between entrepreneurial investor Dediq and global technology leader SAP SE to become the leading international digital transformation partner and provider of software solutions and platforms to the financial services industry. With a broad ecosystem of partners, over 1,200 financial services customers and more than 1,500 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East and Asia-Pacific. 

By combining the speed and agility of a start-up with the proven capabilities of a best-in-class enterprise-grade software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end. 

Contact

Julia Schwendner
press@sapfioneer.com

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Press Release

Mercury Publishes Global Cold Chain Logistics Performance Benchmarks

Published

11 hours ago

on

July 30, 2026

By

Mercury publishes global cold chain logistics performance benchmarks for healthcare and life sciences shippers, covering transit times, reach, and reliability.

Boston, MA, 30th Jul 2026 – Mercury Business Services, a specialty logistics provider serving the healthcare and life sciences sector since 1984, today released performance benchmarks from its cold chain and parcel operations, reporting a 99.6% success rate on temperature-controlled shipments and a median cold chain transit time of 2.77 days.

The company also reported that customers using the Mercury Portal — its booking, tracking, and proactive monitoring platform — experienced a 39.7% reduction in parcel incidents compared to shipments managed outside the platform.

For laboratories, clinical trial sponsors, and diagnostics companies, a single compromised shipment can mean lost patient samples, delayed study timelines, and irreplaceable research material. Biological specimens, cell and gene therapy products, and diagnostic kits often have narrow stability windows and no second chance at collection.

Benchmark Highlights

  • 99.6% successful cold chain shipments
  • 2.77 days median cold chain transit time
  • 39.7% reduction in parcel incidents for Mercury Portal users
  • 236+ countries and territories served
  • 1,500+ customers served since 2020
  • 40+ years of continuous operation

Mercury attributes the results to a combination of proactive shipment monitoring, healthcare-specific customs brokerage that anticipates country-level documentation requirements before goods move, and 24/7 support teams assigned to individual accounts.

The company’s services span specialty cold chain, discounted parcel, same-day and onboard courier, next flight out, air freight and charter, GMP warehousing and controlled room temperature storage, and customs brokerage. Mercury supports biological specimens, clinical trial materials, pre-clinical research, diagnostic testing kits, pharmaceuticals, medical devices, and regulated documents and records.

About Mercury Business Services

Founded in 1984, Mercury is a logistics provider built specifically for healthcare and life sciences shippers. Mercury delivers hundreds of thousands of shipments each year across 236+ countries and territories, combining a proprietary shipment management portal with dedicated client support teams. The company operates on three principles: Customers First, Relentless Improvement, and Extreme Ownership.

Media Contact

Organization: Mercury Business Services

Contact Person: Christian Gladwell

Website: https://www.shipmercury.com/

Email:
support@shipmercury.com

Address:61 Batterymarch St 1st Floor

City: Boston

State: MA

Country:United States

Release id:47719

The post Mercury Publishes Global Cold Chain Logistics Performance Benchmarks 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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Press Release

Glasgow Law Firm Reports Increase in Divorce and Separation Enquiries

Published

11 hours ago

on

July 30, 2026

By

Simplicity Legal has recorded a rise in divorce and separation enquiries in the weeks since Scotland supporters returned from the 2026 FIFA World Cup. The increase is based on the firm’s own enquiry data, and the firm notes that most enquiries do not lead to divorce proceedings.

Glasgow, United Kingdom, 30th Jul 2026 – Simplicity Legal, a law firm based in Glasgow, has recorded an increase in divorce and separation enquiries during July 2026. The increase is based on the firm’s own enquiry data and is measured against the enquiry levels the firm would normally expect at this time of year. The firm has not identified a single cause for the rise, and notes that enquiry volumes fluctuate throughout the year.

The period covered by the data follows the return of Scotland supporters from the 2026 FIFA World Cup in the United States. Scotland qualified for the tournament for the first time since 1998. The team played two of its three group matches at Gillette Stadium near Boston, and a third-place finish in Group C was not enough to reach the knockout rounds. Thousands of Scotland supporters travelled to the United States for the group stage in June.

Billy Smith, director at Simplicity Legal, said: “Our enquiry data shows a clear increase in divorce and separation enquiries in recent weeks compared with what we would normally expect during the summer. We are not in a position to attribute the increase to any single cause. Family law firms are used to enquiry levels changing through the year, and January, following the Christmas period, is the best-known example of a seasonal rise.”

He added: “It is worth saying clearly that an enquiry is not a divorce. Most people who contact us at this stage are simply looking for information, and a great many of them never take matters any further. Our advice is always the same. Talk to each other first, and if you want to understand where you stand, seek advice before making any decisions. In Scotland, the rules on finances, property and cohabitation are not always what people assume, and good advice early on saves a great deal of stress later.”

Simplicity Legal offers an initial consultation for anyone seeking advice on separation, divorce or other family law matters. The firm does not provide legal aid.

Simplicity Legal, 34 Woodlands Road, Glasgow G3 6UR Telephone: 0141 471 9166 Website: www.simplicitylegal.co.uk

Notes to editors

  • Simplicity Legal is a Scottish law firm and a trading name of Clarity Simplicity Ltd, which also trades as Complete Clarity Solicitors. The firm has offices in Glasgow, Edinburgh and Dumfries.
  • The firm advises on family law, divorce and separation, conveyancing, wills and estate planning, executry, dispute resolution and commercial matters.
  • The enquiry data referred to in this release is drawn from the firm’s own records for June and July 2026. Supporting figures are available on request.
  • For interviews, further comment or supporting figures, please contact Billy Smith, Simplicity Legal, 34 Woodlands Road, Glasgow G3 6UR. Telephone: 0141 471 9166.

Media Contact

Organization: Simplicity Legal

Contact Person: Billy Smith

Website: https://www.simplicitylegal.co.uk/

Email: Send Email

Contact Number: +441416738305

Address:34 Woodlands Road

City: Glasgow

Country:United Kingdom

Release id:47623

The post Glasgow Law Firm Reports Increase in Divorce and Separation Enquiries 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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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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