{"id":11991,"date":"2021-10-10T15:15:49","date_gmt":"2021-10-10T14:15:49","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11991"},"modified":"2021-10-10T15:16:02","modified_gmt":"2021-10-10T14:16:02","slug":"mcdonalds-china-celebrates-31st-anniversary-with-188-nfts","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/mcdonalds-china-celebrates-31st-anniversary-with-188-nfts\/","title":{"rendered":"McDonald’s China celebrates 31st anniversary with 188 NFTs"},"content":{"rendered":"\n
On October 8, fast-food giant McDonald's China issued a batch of 188 nonfungible tokens (NFT)<\/a> to commemorate its 31st anniversary in the Chinese market.<\/h5>\n\n\n\n
\"McDonald's<\/figure>\n\n\n\n

The NFTs\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, dubbed “Big Mac Rubik's Cube,” will be handed to workers and customers as part of the promotion.<\/p>\n\n\n\n

The Big Mac Rubik's Cube NFTs are modelled on the three-dimensional structure of McDonald's China's new office headquarters, which opened alongside the NFTs.<\/p>\n\n\n\n

The NFTs are produced in collaboration with Cocafe, a digital asset development firm, and are based on the Confluux public blockchain<\/a>, assuring that “each work is unique, indivisible, and cannot be tampered with.”<\/p>\n\n\n\n

.@McDonalds\u00a0launches #bigmac Rubik\u2019s cube #NFT collectible on #CONFLUX in ultimate example of east meets west. #nftcollector pic.twitter.com\/nj4xWY0Ltu\u2014 Conflux Network Official (@Conflux_Network) October 8, 2021<\/p><\/blockquote>\n\n\n\n

CITIC Group, a state-owned investment corporation in the People's Republic of China, owns a controlling share in McDonald's in China, which is also worth noting in this context.<\/p>\n\n\n\n

In response to Cointelegraph's request for comment, McDonald's China did not react quickly.<\/p>\n\n\n\n

Introducing NFTs<\/a> into the market, as McDonald's China has done, appears to be at odds with the government's stated intention to fully outlaw all crypto activities. <\/p>\n\n\n\n

Recent developments include Bitmain, a cryptocurrency mining equipment company, being compelled to cease delivering Antminer mining rigs into China due to the prohibition.<\/p>\n\n\n\n

China has barred new customers from signing up for Huobi's cryptocurrency exchange, which will shut down its whole operation by the end of this year. Although China<\/a> has expressed opposition, the global cryptocurrency ecosystem has shown continuous development in recent years. <\/p>\n\n\n\n

Bitcoin mining<\/a> difficulty has entirely recovered according to a study published by Cointelegraph, following the migration of Chinese miners<\/a> to jurisdictions with more legal protection.<\/p>\n","protected":false},"excerpt":{"rendered":"

On October 8, fast-food giant McDonald’s China issued a batch of 188 nonfungible tokens (NFT) to commemorate its 31st anniversary in the Chinese market. The NFTs , dubbed “Big Mac Rubik’s Cube,” will be handed to workers and customers as part of the promotion. The Big Mac Rubik’s Cube NFTs are modelled on the three-dimensional […]<\/p>\n","protected":false},"author":13,"featured_media":11994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1094,202,322,5047],"class_list":["post-11991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-miners","tag-blockchain","tag-china","tag-chinese-miners"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/image-32.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11991"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11994"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}