Sunday, December 22
Banner
Adoption

China’s “Instagram” XiaohongShu Integrates Conflux Network, Paving the Way for Widespread NFT Adoption

By Updated:No Comments1 Min Read
China’s “Instagram” Integrates Conflux Network, Paving the Way for Widespread NFT Adoption

XiaohongShu, a Chinese version of Instagram, has integrated Conflux Network as a permissionless blockchain.

  • Conflux is a Layer 1 blockchain that connects decentralized economies and is the only regulatory-compliant public blockchain in China. It uses a hybrid PoW/PoS consensus for fast, secure, and scalable transactions.
  • XiaohongShu has over 200 million active monthly users and this integration brings NFTs closer to mass adoption.
  • Xiaohongshu, also known as Little Red Book, or simply Redbook, has previous alliances with blockchains and NFTs, but this is its first integration with a permissionless network.
  • Conflux’s CTO, Ming Wu, says the integration is a step towards expanding Web3 technology into traditional industries in China.
  • The integration of a permissionless blockchain by a large-scale company like Little Red Book further solidifies China’s pro-NFT position and may encourage other local companies to consider blockchain integration. The first Conflux NFT supported by Little Red Book is from the Mimic Shhans community.

Read Also: Conflux Network Further Solidifies its Role as Foundational Infrastructure for Web3 and the Metaverse within China

Share.

Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

More AlexaBlockchain

Comments are closed.

Exit mobile version