Conflux (CFX) has risen close to 38 percent after its NFT partnership with Xiaohongshu.
Blockchain project Conflux was also included in the period when the cryptocurrency market was on the rise. The uptrend, in which news feeds began to come up frequently, revealed a new partnership. He established a partnership with Conflux and Xiaohongshu NFT, which is called China’s Instagram. After this news, CFX came to the agenda with an increase of close to 38 percent.
Conflux Establishes NFT Partnership with Xiaohongshu, China’s Instagram
Chinese Xiaohongshu, which managed to reach close to 300 million users in 2019 and rivals Instagram, will integrate with Conflux.
As a result of the partnership between Conflux and Xiaohongshu, users will be able to view their NFTs on the platform. Also called Little Red Book, Xiaohongshu has 200 million monthly active users.
Conflux CTO Ming Wu noted that his project has become an important bridge in China, kicking off efforts to adopt Web3.
The popular project announced the news of the partnership on Twitter. The sharing is as follows;
With more than 200M monthly active users, Little Red Book (Xiaohongshu), China’s answer to “Instagram” has integrated Conflux Network as a permissionless blockchain.https://t.co/tk84WI5kaj
— Conflux Network Official (@Conflux_Network) January 26, 2023
The project also stated that with this integration, more than 140 thousand brands from more than 200 countries and regions will be named.
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