Fast-food giant McDonald’s China released 188 NFTs on 31st anniversary

Fast-food giant McDonald’s China released 188 NFTs on 31st anniversary

BUSINESS | OCT 11, 2021 | WOZINGA NEWS

Fast-food giant McDonald's China released 188 NFTs on 31st anniversary

  • McDonald’s China will distribute “Big Mac Rubik’s Cube” NFTs to Chinese employees and customers as part of a giveaway.
  • The company’s decision to introduce NFTs into the market appears to contradict the government’s intention to ban all crypto operations.

By Elah Mae Ariate Wozinga Journalist

McDonald's China released 188 NFTs on 31st anniversary

To commemorate its 31st anniversary in the Chinese market. Fast-food giant McDonald’s China issued a set of 188 nonfungible tokens (NFT) on Oct. 8.

The NFTs, dubbed “Big Mac Rubik’s Cube.” It serves as a reward to employees and customers as part of the giveaway.

The Big Mac Rubik’s Cube

The “Big Mac Rubik’s Cube NFTs.” The idea was from the three-dimensional structure of McDonald’s China’s new office headquarters. The new office opened simultaneously with the NFTs, according to the report. report.

They created the NFTs in collaboration with Cocafe. A digital asset creation agency. Also, it was built on the Confluux public blockchain. It ensures that “each work is unique and indivisible.

It’s also worth noting that CITIC Group. The People’s Republic of China’s state-owned investment company, owns a majority stake in McDonald’s China.

"McDonald's decision go against the authorities' intention"

McDonald’s China’s decision to introduce NFTs into the market. It appears to go against the government’s stated intention to ban all crypto operations.

Recently, the ban compelled Bitmain. A manufacturer of cryptocurrency mining equipment, to halt the shipment of Antminer mining rigs into China.

Huobi, a Chinese cryptocurrency exchange, has stopped new customer registrations. Because, the Chinese ban and plans to shut down all operations by the end of the year.

Despite China’s opposition, Cointelegraph reports that the global crypto ecosystem continues to grow steadily. Furthermore, the report shows that the difficulty of mining Bitcoin (BTC) has fully recovered after Chinese miners migrated to safer jurisdictions.

Do you agree that McDonald's decision go against the authorities' intention?

Created with Perfect Survey

Statistics - View the results

Leave a Reply

Your email address will not be published. Required fields are marked *