Lockdown Memories: Shanghai Locals Turn To NFT To Immortalize COVID-19 Ordeals
Shanghai residents are using the blockchain to record and preserve memories of their city’s month-long COVID-19 lockdown, minting movies, images, and artwork as non-fungible Tokens (NTFs) that may be shared and recalled. Shanghai Residents Adopt NFTs To Store Memories Residents of Shanghai, China’s largest city with a population of more than 25 million people, are […]
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Shanghai is the largest and most populated city in China (with over 25 million residents) that has now tapped the power of blockchain technology to preserve and safeguard the events of the COVID-19 lockdown in the city. Numerous videos, photos, and audio are now stored as non-fungible tokens that can now be bought and sold […]
In response to the city’s COVID-19-related lockdown, Shanghai residents turned to the blockchain to preserve their experiences. The city of Shanghai has been in a month-long mandated quarantine, which confines its 25 million residents to their homes. Initially, the latest COVID-19 outbreak began in March of this year and developed into the worst infection zone since the beginning of the pandemic. As the virus infected hundreds of thousands of people, the extremely restrictive lockdown prevented residents from leaving their homes for weeks on end. In addition to the spike in infections, the....
Bitcoin trading signals can come from anywhere. It could range from just looking at charts to looking at how people react towards the purchase of certain assets. With the pandemic sending most of the world into lockdown, COVID-19 has now made its way into being a trading signal. The movement of the market in line with the rise and fall of COVID-19 cases has shown some interesting correlations when both charts are compared. Related Reading | Bullish Signal That Resulted In A 250% Increase In Bitcoin Is Getting Triggered Again The COVID-19 pandemic has no doubt had a huge impact on....
A new group is focusing on promoting blockchain tech in Shanghai. Calling itself the Shanghai Industrial Development Blockchain Alliance, the group is seeking to turn the city into a regional hub for the technology. According to a press release announcing the organization, members include the Shanghai Municipal Development and Reform Research Institute, Wanxiang Blockchain Lab and Hyperledger member BitSE. The group's origins date back to earlier this summer when discussions between the Shanghai government and members of the local blockchain sector began. BitSE CEO DJ Qian told CoinDesk:....
The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries' economic hubs. According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending. The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping, China's leading food delivery app. As per instructions, users would need to first login to the Meituan app, sign up for the incentive, and then potentially receive the....