Conflux surges 60% following integration with China’s Little Red Book News ▸ China ▸ Price Watch
Conflux surges 60% following integration with China’s Little Red Book
The NFT integration will allow over 200 million Little Red Book users to mint their profile pictures on the Conflux blockchain.
1 min read
Updated: Jan. 26, 2023 at 4:39 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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.
Conflux is a layer 1 blockchain protocol designed to connect creators, communities, and markets across protocols and borders.
Little Red Book announced on Jan. 24 that it has integrated with Conflux to allow its users to mint their non-fungible tokens (NFTs).
NFTs minted on the Conflux network can be displayed on their profile page in the digital collection section called R-Space.
The NFT integration will allow over 200 million Little Red Book users to mint their profile pictures on the Conflux blockchain.
“…having such a large-scale company integrate a permissionless blockchain further solidifies China’s pro-NFT position,” the press release stated.
Overall, the NFT integration helped push Conflux’s native token (CFX) up by 60%, to trade at $0.05 in the last 24 hours.
In addition, CryptoSlate data shows that CFX has surged to nearly 100% in the last seven days.
Posted In: China, Price Watch
Author 
Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Conflux Network is an open protocol for a new world of DApps, finance, and Web 3.0.