China Global Shipping (SINO.US) Agrees CyberMiles to Jointly Develop Irreplaceable Token Business

China Global Shipping (SINO.US) announced that it has reached an agreement with CyberMiles to jointly develop an irreplaceable token business

Zhitong Finance APP learned that China Global Shipping (SINO.US) announced that it has signed a memorandum with e-commerce company blockchain company CyberMiles to jointly discuss the use of CyberMiles’ blockchain non-fungible token (“NFT”) CRC-721 agreement Explore business opportunities with trading platforms so that companies, institutions and individuals can issue and trade NFTs on Cyber Miles’ public blockchain.

 

Are Bitcoin and Ethereum regarded as fungible tokens?

It is reported that many cryptocurrencies such as Bitcoin and Ethereum are regarded as fungible tokens, and each fungible token is the same as each other, that is, the value of one bitcoin is equal to any other bitcoin.

However, the mechanism of irreplaceable tokens is different. Each NFT is unique and cannot be interchanged with each other.

This feature makes NFT an ideal choice for a very important source of basic assets. For example, digital art works, sports memorabilia, in-game assets, contracts, etc. can all be verified through digital links to verify their scarcity. Currently, the total value of the NFT market is estimated at 250 million U.S. dollars.

China Global Shipping Announces Cooperation with Cyber ​​Miles to Develop Non-Fungible Token NFT Business

Vientiane Conference annual award-winning creator, Beijing Fuhua Innovation and Technology Development Co., Ltd. official account

Source: Financial World Network

 

e-commerce blockchain company CyberMiles to use CyberMiles’ blockchain non-fungible token (“NFT”)

On February 23, China Global Shipping SINO announced today that the company has signed a memorandum with e-commerce blockchain company CyberMiles to use CyberMiles’ blockchain non-fungible token (“NFT”) CRC-721 agreement and the trading platform jointly explores business opportunities so that enterprises, institutions and individuals can issue and trade NFTs on Cyber ​​Miles’ public blockchain.

 

Many cryptocurrencies such as Bitcoin and Ethereum are considered as fungible tokens. Each fungible token is the same as each other: the value of one bitcoin is equal to any other bitcoin. The mechanism of irreplaceable tokens is different. Each NFT is unique and cannot be interchanged with each other.

 

This feature makes NFT an ideal choice for a very important source of basic assets. For example, digital art works, sports memorabilia, assets in games, other digital collectibles, contracts, and even limited-edition physical products can be verified for their scarcity through digital links. Now, the total value of the NFT market is estimated at $250 million.

 

China Global Shipping announces cooperation with e-commerce blockchain company CyberMiles to develop non-fungible token NFT business

Financial industry release time: 02-2410:43 Vientiane Conference annual award-winning creator, Beijing Fuhua Innovation and Technology Development Co., Ltd. official account

Source: Capital State

Cybermiles

On February 24, Capital State learned that SINO.US, a US stock-listed company, announced that it has signed a memorandum with e-commerce blockchain company CyberMiles to jointly use CyberMiles’ blockchain non-fungible token (“NFT ”) CRC-721 agreement and trading platform explore business opportunities, so that enterprises, institutions and individuals can issue and trade NFTs on Cyber ​​Miles’ public blockchain.

 

It is reported that many cryptocurrencies such as Bitcoin and Ethereum are regarded as fungible tokens, and the value and other characteristics of each fungible token are the same.

 

Each NFT is unique and cannot be interchanged

However, the mechanism of irreplaceable tokens is different. Each NFT is unique and cannot be interchanged with each other.

This feature makes NFT an ideal choice for a very important source of basic assets. For example, digital art works, souvenirs, contracts, etc. can all be verified through digital links to verify their scarcity.

 

Currently, the total value of the NFT market is estimated at 250 million U.S. dollars.

 

Reprint Statement: This article is an original manuscript of Capital State. Please indicate the source and author when reprinting, otherwise it is an infringement.

 

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