CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Is China finally embracing crypto?
Are they finally giving in to the inevitable?
Are they trying to catch a wave that has passed?
China recently launched its first state-backed NFT marketplace.
“The marketplace, whose name translates to “China Digital Asset Trading Platform,” will also be used to trade digital copyrights and property rights along with collectibles.”
What a missed opportunity.
They should have called it something fiery and cool.
Like “Flaming Dragon” or “Undying Phoenix”.
Or ChinaSea (OpenSea) or The Great Wall of NFT.
SilkRoad is taken so…
Thing is, this isn’t the first NFT marketplace made in China.
There are tons of them, albeit unknown and underground.
There’s JingTan, Huanghe, Lingxi, TheOne.art and so many others.
Demand for NFTs is incredible, given just how many tech-savvy, mobile-friendly, crypto-hungry people there are in China.
See people in China technically aren’t supposed to be dabbling in crypto, mining and NFTs, not since the CCP outlawed it.
The Chinese Government made the headlines when they banned Bitcoin.
Then they banned Bitcoin Mining, actually all kinds of mining in general.
Then they introduced their own centralised digital currency, the eYuan.
Which is really the Centralised Bank Digital Currency (CBDC).
Yep, the most populous country in the world has a fully functional digital currency that is live and working.
The central banks issue it and they can use it via their superapps like Wechat.
Nearly 300M people has already used it.
In case it doesn’t sound impressive, that is nearly the entire population of the United States of America.
So yea when China does things, they really do it in scale.
Their size, is really SIZE.
“One of the drivers is that China recognizes that digital assets will be important for the development of the metaverse, whether for avatars, clothing, art or museum pieces. In addition to the innovation working group, there is a metaverse working group that includes local governments and state-owned enterprises.”
See, they are thinking way ahead and planning for a web3 future already!
Oh and the NFTs?
Well they don’t call it NFTs, they call it digital collectibles.
Like how Reddit does it.
But yea, call it what you want, it is essentially an NFT.
Anyhow, it will be huge for the Chinese.
Who can now officially trade NFTs legally in their country.
The demand for crypto in China is unbelievable.
An entire nation prospering, getting increasingly educated and connected to the internet.
They are hungry for crypto, defi, NFTs and new freedoms that only web3 can proffer.
Thing is, I think the Chinese Government knows this.
And they are smart enough to ban BTC, introduce their own CBDC, then now an official state-backed NFT marketplace.
What’s next?
Their own NFT collections, their own crypto exchange and even crypto banks?
All I know is that China doesn’t do things lightly.
What decisions they make, they make for 1.4 billion souls.
They have an unimaginable weight and burden of 1.4 billion people who will live and die by their policies and moves.
So it is indeed interesting to see China take such a bold step towards embracing web3.
-
Is China officially embracing web3?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sifu #sifutoken #quadrigacx #NFT #profits #meme #tvl #defi
Is China finally embracing crypto?
Are they finally giving in to the inevitable?
Are they trying to catch a wave that has passed?
China recently launched its first state-backed NFT marketplace.
“The marketplace, whose name translates to “China Digital Asset Trading Platform,” will also be used to trade digital copyrights and property rights along with collectibles.”
What a missed opportunity.
They should have called it something fiery and cool.
Like “Flaming Dragon” or “Undying Phoenix”.
Or ChinaSea (OpenSea) or The Great Wall of NFT.
SilkRoad is taken so…
Thing is, this isn’t the first NFT marketplace made in China.
There are tons of them, albeit unknown and underground.
There’s JingTan, Huanghe, Lingxi, TheOne.art and so many others.
Demand for NFTs is incredible, given just how many tech-savvy, mobile-friendly, crypto-hungry people there are in China.
See people in China technically aren’t supposed to be dabbling in crypto, mining and NFTs, not since the CCP outlawed it.
The Chinese Government made the headlines when they banned Bitcoin.
Then they banned Bitcoin Mining, actually all kinds of mining in general.
Then they introduced their own centralised digital currency, the eYuan.
Which is really the Centralised Bank Digital Currency (CBDC).
Yep, the most populous country in the world has a fully functional digital currency that is live and working.
The central banks issue it and they can use it via their superapps like Wechat.
Nearly 300M people has already used it.
In case it doesn’t sound impressive, that is nearly the entire population of the United States of America.
So yea when China does things, they really do it in scale.
Their size, is really SIZE.
“One of the drivers is that China recognizes that digital assets will be important for the development of the metaverse, whether for avatars, clothing, art or museum pieces. In addition to the innovation working group, there is a metaverse working group that includes local governments and state-owned enterprises.”
See, they are thinking way ahead and planning for a web3 future already!
Oh and the NFTs?
Well they don’t call it NFTs, they call it digital collectibles.
Like how Reddit does it.
But yea, call it what you want, it is essentially an NFT.
Anyhow, it will be huge for the Chinese.
Who can now officially trade NFTs legally in their country.
The demand for crypto in China is unbelievable.
An entire nation prospering, getting increasingly educated and connected to the internet.
They are hungry for crypto, defi, NFTs and new freedoms that only web3 can proffer.
Thing is, I think the Chinese Government knows this.
And they are smart enough to ban BTC, introduce their own CBDC, then now an official state-backed NFT marketplace.
What’s next?
Their own NFT collections, their own crypto exchange and even crypto banks?
All I know is that China doesn’t do things lightly.
What decisions they make, they make for 1.4 billion souls.
They have an unimaginable weight and burden of 1.4 billion people who will live and die by their policies and moves.
So it is indeed interesting to see China take such a bold step towards embracing web3.
-
Is China officially embracing web3?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #sifu #sifutoken #quadrigacx #NFT #profits #meme #tvl #defi
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