China Daily to Launch Its Own Metaverse and NFT Platform: Expanding into the Digital Realm

China Daily newspaper has announced its plans to create its own metaverse and NFT platform. The Chinese state newspaper is allocating 2.813 million yuan (about $390,000) to find a contractor who will build the platform.

The requirements for the platform include the ability to:

• load, display, and manage digital collections,

• process 10,000 transactions per second, and

• support multicurrency payments. With these features, China is clearly targeting the global market.

In addition, China Daily plans to collaborate with other NFT platforms such as OpenSea and Rarible, aiming to attract a wider audience. This shows that even in China, there is interest in NFTs despite the existing restrictions. The plans of China Daily indicate that the Chinese government wants to have a presence in the market, albeit with certain controls in place.