• Conflux native token (CFX) has surged up to 60% in the last 24 hours, following the protocol’s successful integration with the Chinese app called Little Red Book.
• Little Red Book announced on Jan. 24 that it has integrated with Conflux to allow its users to mint their non-fungible tokens (NFTs).
• The NFT integration will allow over 200 million Little Red Book users to mint their profile pictures on the Conflux blockchain.
Conflux, a layer 1 blockchain protocol designed to connect creators, communities, and markets across protocols and borders, has recently announced a successful integration with the Chinese app Little Red Book. This integration has caused the Conflux native token (CFX) to surge up to 60% in the last 24 hours.
Little Red Book is an app with over 200 million users who can use its services to share information, reviews, and photos. On Jan. 24, the company announced its integration with Conflux, allowing its users to mint their non-fungible tokens (NFTs). The NFTs minted on the Conflux network can be displayed on their profile page in the digital collection section called R-Space. This integration will allow the users of Little Red Book to mint their profile pictures on the Conflux blockchain.
This news has caused CFX to surge up to 60% in the last 24 hours and is now trading at $0.05. CryptoSlate data also shows that CFX has surged to nearly 100% in the last seven days. This news of NFT integration has been celebrated by many in the crypto industry as it further solidifies China’s pro-NFT position.
Conflux is an ambitious project with a mission to create a “global open finance infrastructure”. The integration with Little Red Book is a major step towards achieving this goal. This will open the door to more users to join the Conflux network and take advantage of its many features. With the surge in price, it is clear that the market is optimistic about the success of this integration. It will be interesting to see where Conflux goes from here and if it will be able to live up to the expectations of its users.
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