BSN Introduces NFT Infrastructure Platform in China

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BSN Introduces NFT Infrastructure Platform in China
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China’s state-sanctioned blockchain infrastructure project said it's releasing its platform for non-fungible tokens (NFTs) today. By egreechee

that set restrictions on who can participate in network governance and use fiat currency for payment. DDCs are the same as NFTs, but renamed to emphasize their uses for certification.

Five of the 10 chains were named: Ethereum-based Wuhan Chain, Wenchang Chain powered by Cosmos-based IRISnet, Corda-based Zunyi Chain, EOS-based Zhongyi Chain, and FISCO BCOS-based Tai'an Chain.Rong Bao Zhai Auction , state-backed Hainan International Culture and Artworks Exchange Center – which has acquired the first license for an NFT marketplace in China, consulting firm EY's blockchain division, video technology provider Sumavison, electronic invoice provider Baiwang and Digital Art Fair Asia, an NFT-focused company from Hong Kong.

Another 26 founding partners, as well as the roadmap and governance structure will be announced in a launch ceremony in the city of Nanjing in March. The BSN-DDC is based on the Blockchain Services Network, a platform where developers can build and deploy decentralized applications at a low cost.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

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