China Global Shipping and CyberMiles jointly enter NFT market

China Global Shipping (SINO.US), a US-listed company, and the e-commerce public chain CyberMiles (CMT) jointly announced that they have completed the first phase of development tasks based on the NFT platform of the CyberMiles public chain, which is expected to be officially launched in July.
NFT market is hot
NFT is an asset system built on blockchain technology. Its initial version protocol ERC721 was proposed in September 2017 and was first used in blockchain game scenarios. Subsequently, with the vigorous development of the blockchain industry, NFT products around art, games, DeFi (Decentralized finance), and Meme have emerged rapidly. Including NBA topshot, CryptoKitties, CryptoPunk, Blankos and many other NFT-related products, they continue to show us the charm of NFT.
The NFT artwork "Everydays: The First 5000 Days" created by surrealist artist Beeple, which was sold at Christie's for US$69.35 million not long ago, is a historical proof that NFT has received widespread attention.
In addition, Elon Musk, Jack Dorsey, and Justin Roiland, the creator of Rick and Morty, have also begun to use NFT as a carrier to circulate content creation artworks such as Twitter content and hand-painted original paintings on the blockchain, which is undoubtedly unimaginable in the traditional Internet industry. In addition to the existing art and content products in the physical world, NFT's confirmation of information and data will undoubtedly promote the value discovery of new forms of consciousness products such as content creation, knowledge and information.
NFT will also become the heliocentrism of the information age.
CyberMiles public chain will empower NFT platform
Cybermiles is a high-performance innovative public blockchain system. As a blockchain member that actively participates in the distributed economy and technology ecosystem, it was the first to propose a high-performance commercial solution for Ethereum public chain DPOS consensus. This solution has been used as a reference by blockchains initiated by Binance and Huobi. As early as 2018, it began to promote and support NFT casting and circulation, and was also the first public blockchain to be used for NFT and auction of artists' works.
After more than three years of accumulation and sedimentation, NFT has gradually been used by projects and products in fields including games, artworks, DeFi, etc., and has also entered the vision of the general public from a small number of crypto geeks.
Although NFT has become a hot blockchain concept, with the actual business development of NFT in the past few years, the core problems of NFT have been exposed, such as liquidity, the transformation of the value concept of physical products into digital ones, the collection of conscious values ​​and the lack of consensus accumulation mechanism, etc. These problems are the thorny pain points that hinder the development of NFT and need to be solved urgently.
Taking the currently hottest NBA topshot as an example, except for a few classic moments of popular players, a large number of NFTs are difficult to circulate well, making their value difficult to discover; the extremely low issuance and casting threshold of NFTs has led to the emergence of thousands of crudely made NFTs, making the screening cost of valuable NFTs high; the lack of on-chain identity and the obstacles of consumer aesthetic psychology and concepts have caused many NFTs to become simply meaningless and unsustainable hype; the current blockchain industry's backward hanging rack sales mechanism for NFTs makes NFT liquidity extremely poor, which is not conducive to the formation of a continuous price line; abnormally high small-scale hype and IP hype within closed groups make it difficult for more ordinary users to experience and participate in the circulation of NFT products; outstanding artists lack effective NFT creation, consensus capture and precipitation mechanisms, and many other problems, which are the reasons why NFTs are difficult to be recognized by the mainstream voice.
This time, Cybermiles and Sino will continue to advance NFT as the core direction of the current ecological development, and jointly provide a truly connected entrance and link between the blockchain world and the physical world. The NFT platform built based on the CyberMiles team's years of technical accumulation and the powerful and high-performance CyberMiles public chain will effectively solve the NFT problems mentioned above. This NFT platform will also become a self-driven growth protocol that is continuously optimized and iterated, accompanying the development of NFT and Blockchain. (Golden Finance)