NEO price climbs after China’s BSN gives the project the green light on NFT marketplaces
The launch of N3, new NFT marketplaces and integration with China’s blockchain-based Service Network is providing a boost to NEO price.
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The launch of N3, new NFT marketplaces and integration with China’s blockchain-based Service Network is providing a boost to NEO price.
Foreign users tend to use hardware e-CNY wallets more at the Olympics, while domestic users mainly go for software wallets.
Bitcoin and nonfungible tokens are all over the Olympics this year while China’s CBDC is there too amid a controversial rollout.
Experts claim that although China is unlikely to decriminalize crypto in the short term, NFTs and blockchain still have a place in the Communist nation’s Metaverse longer-term.
Many of the National Stadium retailers allowing purchases with China’s CBDC were outside the Olympics' quarantine bubble for athletes, journalists, and staff.
Chinese entertainment giant Tencent will be collaborating on the project with a number of others, including Alibaba subsidiary Ant Group.
The International Olympics Committee wants to connect with the Winter Games via blockchain, by trading NFT pins and playing a P2E mobile game.
It's had a brutal fall from all-time highs, but the project still retains a market of $1.6 billion and has a dedicated community of developers.
Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes.
The International Olympics Committee sells NFT pins, Team Great Britain offers NFT-based fan engagement and the "Chinese Banksy" protests.