Neo leads China into the NFT gameChina-based Neo leads the crypto gains on Wednesday after getting assigned as a general in China’s blockchain expansion plans.
- The token climbed 13% on Wednesday to close at its highest price since the start of January as the rest of the crypto market stays muted. It comes on the back of a slew of good news for the growing crypto, which was one of the first digital assets to come out of China.
- The big news is that it’s been chosen by China as one of the ten blockchains that will form the nation's new Blockchain Service Network (BSN). Its main objective will be to expand NFT (which are called Decentralized Digital Certificates over there) adoption across China.
- The launch of NFT and De-Fi projects on N3, which is a newly released version of the blockchain, is also contributing to the gains. The services were added on Feb 12, and prices are up nearly 20% since then.
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