Xiaohongshu, China's leading lifestyle platform, has recently begun integrating NFT displays from the Conflux blockchain. Users can now showcase their Conflux-minted NFTs in the "Digital Creations" section of R-Space, a feature launched in July 2022 for displaying purchased digital collectibles.
Web3 Adoption in China Accelerates
Wu Ming, CTO of Conflux, remarked: "Major Chinese internet players are actively embracing Web3 technologies. Conflux serves as a vital bridge between traditional and decentralized ecosystems, leading the expansion of Web3 into conventional industries."
Key Highlights:
- First Collaborational NFT: Mimic Shhans (Black Cat) NFT collection—designed by Korean artist SHHAN—became the inaugural project linking Xiaohongshu and Conflux. The Mimic community is renowned for its longevity, innovative engagement methods, and broad reach across Chinese-speaking regions.
Conflux Tree Graph Blockchain: Developed by Shanghai-based Tree Graph Blockchain Research Institute, Conflux ranks among the world’s top three public chains (alongside Bitcoin and Ethereum). Its native token, CFX, is listed on multiple exchanges.
- Token Performance: CFX spiked from $0.03 to $0.08 post-announcement, settling at $0.068 (market cap: ~$140M) at press time.
Industry Context
- Past Collaborations: Conflux previously partnered with Alibaba Auctions for digital collectibles but ceased due to Alibaba’s reluctance to engage with public blockchains. Alibaba later migrated to a proprietary alliance chain.
- Global Expansion: In December 2022, Conflux registered a Hong Kong entity to strengthen its Web3 infrastructure role in the region.
👉 Explore Conflux’s latest partnerships
FAQs
Q: How can I display my Conflux NFTs on Xiaohongshu?
A: Navigate to R-Space > Digital Creations and connect your Conflux wallet to showcase eligible NFTs.
Q: What makes Mimic Shhans NFTs unique?
A: They combine Korean artistry with a vibrant Chinese community, offering diverse utilities and long-term engagement.
Q: Is CFX a good investment after this surge?
A: While CFX demonstrated volatility, its adoption by major platforms like Xiaohongshu signals potential. Always conduct independent research.