We are thrilled to announce our investment in Parrot Protocol, which is building a suite of DeFi products that enable the value locked within liquidity provider (LP) tokens to be accessible. Today, there are billions worth of tokens locked in various DeFi..
Solana DEX & AMM products are the essential interfaces for further composability & complexity within Solana’s DeFi service suite. After familiarizing oneself with these decentralized commerce platforms, users will often wonder whether more can be done with their..
Driven by the wealth effect and leading domestic tech companies, China's NFT market is growing rapidly.
In addition to Chinese giants like Alibaba venturing into NFT, other household names like NetEase, Visual China (VCG), ByteDance (parent of TikTok) and other leading companies have made moves in the field of NFTs.
On June 26, NetEase and Nervina Labs (nervina.cn) jointly issued their first NFT work on Taobao: the commemorative gold coin of the Little Alpaca March.
China NFT development
Compared with the explosive development of the overseas NFT ecosystem, China's domestic NFT market has only just begun.
Recently, Tencent, Alipay, Soyun Technology, 0-1 Universe and others have begun to create their own NFTs and launch NFT artworks.
Trends we see in the China NFT market:
Mostly built on tokenless blockchain, pay with RMB rather than Crypto. Tokenless platforms that don’t recognise crypto as currency should expect no regulatory scrutiny.
Your Step-by-step Guide to Chinese Crypto Slang 🦧👀
For those interacting with Chinese crypto groups, you may get frustrated quickly if you can’t read some of the seemly strange phrases being thrown around.
Why are people in WeChat groups saying things like “don‘t ask, just 梭哈 (sūo hā)”? You’ll also hear people throwing strange insults like “you are such a 韭菜 (jiǔ cài / leek)”
Chinese crypto jargon, once used primarily for internal jokes in the early days of crypto chats like WeChat crypto groups or online forums, has now become part of the industry conversation.