Allowing users to buy NFTs with fiat money. 🤓 engineering
Cryptocurrency might be illegal in China, but that doesn't mean non-fungible tokens have to be.
China is planning to separate the infrastructure used for crypto from the one used to create NFTs so that its crackdown on cryptocurrencies doesn't harm the country's NFT industry, a report from To do this, China's government-backed Blockchain-based Service Network is developing a new blockchain infrastructure project that allows individuals and businesses to develop and manage NFTS without using infrastructure developed for cryptocurrency.
The BSN-DDC infrastructure will integrate 10 blockchains, including Ethereum and WeBank's Fisco Bcos. As per Cointelegraph, Red Date Technology has also signed an agreement with Turkish consultancy firm Turkish Chinese Business Matching Center to launch two international BSN portals in Turkey and Uzbekistan that will allow developers to build blockchain-as-a-service applications.
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