• The Chinese government has announced plans to launch its own version of a state-backed non-fungible token (NFT) marketplace.
• The platform will go live on January 1 and become an official “secondary market for digital assets that comply with national regulations.”
• Unlike the rest of the world, NFTs in China will be minted on private blockchain networks and traded for fiat yuan instead of crypto assets.

The Chinese government has recently announced plans to launch a state-backed non-fungible token (NFT) marketplace, the China Digital Asset Trading Platform. This platform, which is set to go live on January 1, will become an official “secondary market for digital assets that comply with national regulations.”

The Hangzhou Internet Court previously ruled that virtual items such as NFTs can be legally recognized as property. This ruling, along with the Chinese government’s decision to launch its own version of an NFT marketplace, highlights the nation’s interest in cherry-picking technological advances associated with the crypto and blockchain space.

However, in contrast to the rest of the world, NFTs in China will be minted on private blockchain networks, while secondary market trading will have limitations in place in order to reduce speculation on NFT prices. As such, the NFTs in China will be labeled as “digital collectibles” rather than NFTs, and transactions will be recorded on centralized ledgers instead of on blockchain networks. Additionally, instead of being traded for crypto assets, the digital collectibles will be traded for fiat yuan.

The Chinese government’s move to launch its own NFT marketplace is part of its effort to sideline all crypto assets. Although it has effectively banned crypto trading, it wants to make use of certain technologies associated with the space in order to further its own agenda.

Overall, the launch of the China Digital Asset Trading Platform is an important step in the nation’s efforts to regulate the digital asset space and promote the adoption of blockchain technologies. It remains to be seen, however, how the market will develop in the future, and whether it will be successful in achieving its goals.

• Crypto whales are stockpiling altcoins in preparation for the coming bull run.
• FightOut (FGHT), D2T, CCHG, RIA, and TARO are all coins that have strong fundamentals and have seen rapid investment in their presales.
• Move-to-Earn (M2E) app FightOut stands out among other M2E programs due to its innovative technology which rewards users for making positive lifestyle choices.

The crypto market has been relatively unperturbed recently, with bitcoin confined in a tight range of $16k to $18k. But even as the market continues this consolidation phase, whales are taking advantage of the low prices and stockpiling certain coins in preparation for the next bull run.

In order to maximize their profits, many whales are investing in promising projects at a discount before they hit the market. This strategy allows them to get ahead of the market and position themselves for strong returns when the prices start to rise. Among the coins that have seen rapid investment in their presales are FightOut (FGHT), D2T, CCHG, RIA, and TARO.

FightOut (FGHT) is an up-and-coming Move-to-Earn (M2E) app and gym chain that has gained a lot of attention in a short time. Unlike other M2E programs, FightOut rewards users for making positive lifestyle choices instead of aimless walking about. It also uses innovative technology to measure the entire fitness activity and not just steps taken. With all the features packed into this app, FightOut is set to be a favorite amongst health workers, giving it the potential to be the go-to M2E program in the future.

Another coin that has seen strong investment is D2T. This coin is the token of the decentralized travel booking platform, allowing users to book flights, hotels, and car rentals with cryptocurrency. The platform also allows users to earn rewards in D2T tokens for booking travel and engaging with the platform. This gives users an opportunity to reduce their travel costs and enjoy rewards for their loyalty.

CCHG is a blockchain-based platform that enables users to build and launch their own cryptocurrency. The platform allows users to quickly and easily create and launch their own coin, giving them the potential to make a profit from their investment. It also has some of the best security features available, making it a great choice for those looking to get involved in the crypto market.

RIA is a token of the RIAcrypto platform, which is a decentralized, secure, and privacy-focused financial services platform. The platform allows users to trade, lend, and borrow crypto assets in a secure and private environment. It also offers a range of services such as portfolio management, asset management, and more.

Finally, TARO is a blockchain-based platform that provides users with access to a range of digital assets. The platform allows users to trade, manage, and store digital assets in a secure and private environment. It also offers users access to a range of investment products, allowing them to diversify their portfolio and maximize their returns.

As the market continues to consolidate, it’s important for investors to be aware of the strong projects that are out there. By investing in these projects at a discount before they hit the market, investors can position themselves for strong returns when the prices start to rise. Crypto whales are already taking advantage of this strategy, so be sure to get ahead of the market and invest in these coins before they become too expensive.

* SOL, the native token of the Solana blockchain, has slumped to under $10 for the first time in months.
* The slump in value comes amid a continued stream of negative stories surrounding the Solana crypto ecosystem, as well as the ongoing FTX saga.
* Blockchain watchers have pointed out that Alameda wallets have become active once again, and funds are being moved into blue chip cryptocurrencies like ETH, BTC and USDT.

The value of Solana (SOL), the native token of the Solana blockchain, has taken a sharp dip, falling to under $10 for the first time since February 2021 on Wednesday. The sudden collapse of Sam Bankman Fried’s FTX/Alameda crypto empire in early November has contributed to the token’s losses, which now stand at roughly 70%.

The current slump in value comes amid a continued stream of negative stories surrounding the Solana crypto ecosystem. Two of Solana’s top non-fungible token (NFT) projects, DeGods and y00ts, recently announced that they are leaving the platform to build on the Ethereum and Polygon blockchains.

The situation has been further complicated by recent activities on Alameda wallets. Blockchain watchers noticed on Wednesday that Alameda wallets have become active once again, with funds being moved into blue chip cryptocurrencies like ETH, BTC and USDT. In some cases, the funds are being moved via transaction destination obscuring instant exchangers. There is speculation that Sam Bankman-Fried is behind the dumping of tokens, and traders are speculating that SOL tokens might also be getting dumped.

Sam Bankman-Fried was a strong supporter of the Solana blockchain and is thought by some to have artificially boosted its value. It is unclear whether his involvement in the recent dumping of tokens is an attempt to manipulate the market, or simply a sign of his cutting ties with the platform. Regardless of the reason, it appears that SOL’s woes could worsen in the near future, with traders predicting that the token could fall to as low as $3.

• RobotEra is a virtual sandbox world where users can rebuild a planet and create robot companions.
• It provides a shared multiverse for users to connect, create, collaborate, and monetize.
• Launched in November 2022, the project has the potential to become a $5 trillion industry in 2030.

RobotEra is a groundbreaking metaverse project that has the potential to revolutionize the creator economy. Launched in November 2022, the project presents a unique opportunity for users to rebuild a desolate virtual landscape, create robot companions, and take part in quests. It encourages users to acquire resources and use their creativity to bring the planet back to life.

RobotEra also provides a shared multiverse where users can connect with other worlds to create and collaborate. This opens up possibilities for users to monetize their virtual theme parks and organize summer camps. Additionally, they can use non-fungible tokens (NFTs) to make their robots unique and different from one another. Given the current growth of the metaverse industry, RobotEra has the potential to become a $5 trillion industry in 2030 – less than eight years from now.

RobotEra offers an exciting opportunity for users to explore and expand their own virtual worlds. With the ability to create, collaborate, and monetize, the project provides a platform for users to express their creativity and explore the possibilities of a new creator economy. In addition, the project is also allowing early access to presales in 2022, giving investors the chance to get in on the ground floor of this potentially lucrative venture.