New York, United States, August twenty first, 2024, Chainwire
Conflux Network, China’s solely regulatory-compliant public blockchain, is teaming up with China Cellular, the nation’s largest telecom supplier boasting over 1 billion month-to-month customers. This strategic alliance goals to revolutionize digital collections through Migu, China Cellular’s digital content material division. Conflux Community and China Cellular will introduce cutting-edge digital collectibles like video RBTs (Ringback Tones), digital identities (DIDs), and blockchain communication {hardware}, all pushed by the Conflux TreeGraph public blockchain.
The primary launch from this partnership is ready to make historical past because the world’s first public blockchain-based digital collectible video ringtone. Titled the “MIGO and His Friend ConFi” sequence, it’s going to launch on August 23, 2024, at 10:00 AM Beijing Time and will probably be out there for buy by the “Digital Collectibles” part of the Migu Music App.
This assortment options characters from Conflux’s mascot, “ConFi,” alongside “MIGO,” China Cellular Migu’s pioneering NFT product. The sequence integrates real-life landmarks from Hong Kong to inform a narrative of friendship by charming visible storytelling. The “MIGO and His Friend ConFi” video ringtones will probably be offered as thriller bins, with 5,000 items out there at 13.9 RMB (~2 USD) every. Of those, 500 items are uncommon editions, representing simply 1% of the overall. These video ringtone thriller bins provide a cutting-edge 5G expertise, combining personalization, social interplay, and interactivity. Customers can view the corresponding video ringtone immediately on their cellphone screens throughout calls while not having to put in further software program.
Since 2021, Migu has been considered one of China Mobile’s quickest rising verticals as a frontrunner in immersive media applied sciences. Migu has pushed digital content material innovation with a strategic give attention to ultra-high-definition video, video ringtones, cloud gaming, cloud VR, and cloud AR, all as a part of their Metaverse evolution technique. The partnership with Conflux marks Migu’s first enterprise into Metaverse and digital collectible functions on a public blockchain community, bringing this know-how to Migu’s 120 million month-to-month energetic clients.
About Conflux
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies throughout borders and protocols. It makes use of a hybrid PoW/PoS consensus mechanism to make sure a speedy, safe, and scalable blockchain surroundings. With Conflux, congestion is eradicated, charges stay low, and community safety is enhanced.
Because the main regulatory-compliant public blockchain in China, Conflux presents a definite benefit for initiatives looking for to enter the Asian market. The platform collaborates with famend international manufacturers and authorities entities within the area, driving blockchain and metaverse initiatives. Notable partnerships embrace town of Shanghai, China Telecom, Little Purple E-book (China’s “Instagram”), McDonald’s China, and Oreo. Customers can be taught extra here.
About China Cellular Migu
China Cellular Migu is a specialised subsidiary of China Cellular targeted on the cellular web sector. The corporate is devoted to the core precept of “digital content platform,” integrating the traits of each telecom operators and web firms. Supported by superior applied sciences, Migu continues to construct its core capabilities in content material know-how, platform know-how, and cloud community know-how. Migu is actively exploring revolutionary “Internet + digital content” operations, combining content material incubation with channel partnerships, and is working to develop platforms for brand spanking new media integration, digital content material aggregation, copyright transactions, and content material entrepreneurship. Migu is dedicated to remodeling the best way customers expertise leisure and tradition. Migu boasts 400 million video ringtone customers, 25 million digital sensible customers, over 60 million e-books, and 130+ printed books. Migu additionally presents 2,300 cloud video games with 120 million energetic customers, making it a prime culture-tech model and new media platform.
Melissa Tirey
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