New York, USA, August 21, 2024, Chainwire
Conflux Network, China’s only regulatory-compliant public blockchain, is partnering with China Mobile, the country’s largest telecommunications provider with over 1 billion monthly users. This strategic alliance aims to revolutionize digital collectibles through Migu, China Mobile’s digital content division. Conflux Network and China Mobile will showcase cutting-edge digital collectibles such as video ringback tones, digital identities (DIDs), and blockchain communication hardware, all powered by the Conflux TreeGraph public blockchain.
The first release from this partnership is set to make history as the world’s first publicly collectible blockchain-based digital video ringtone. Titled “MIGO and His Friend ConFi,” it will be released on August 23, 2024 at 10:00 a.m. Beijing time and will be available for purchase in the “Digital Collectibles” section of the Migu Music app.
This collection features Conflux mascot characters “ConFi” as well as China Mobile Migu’s pioneering NFT product “MIGO.” The series incorporates real-life Hong Kong landmarks to tell a story of friendship through captivating visual storytelling. The “MIGO and His Friend ConFi” video ringtones will be sold as mystery boxes, with 5,000 units available at RMB 13.9 (~$2) each. Of these, 500 units are rare editions, representing only 1% of the total. These video ringtone mystery boxes provide a cutting-edge 5G experience, combining personalization, social interaction, and interactivity. Users can view the corresponding video ringtone directly on their phone screen during calls without the need to install additional software.
Since 2021, Migu has been one of China Mobile’s fastest-growing verticals as a leader in immersive media technologies. Migu has been driving digital content innovation with a strategic focus on ultra-high-definition video, video ringtones, cloud gaming, cloud VR, and cloud AR, all as part of its Metaverse evolution strategy. The partnership with Conflux marks Migu’s first foray into Metaverse and digital collectible applications on a public blockchain network, bringing this technology to Migu’s 120 million monthly active customers.
About Conflux
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It uses a hybrid PoW/PoS consensus mechanism to ensure a fast, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees are kept low, and network security is enhanced.
As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage to projects looking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the City of Shanghai, China Telecom, Little Red Book (China’s “Instagram”), McDonald’s China, and Oreo. Users can learn more at: https://confluxnetwork.org/
About China Mobile Migu
China Mobile Migu is a specialized subsidiary of China Mobile focusing on the mobile Internet sector. The company is dedicated to the core principle of “digital content platform”, integrating the characteristics of telecom operators and Internet companies. Relying on cutting-edge technologies, Migu continues to develop its core capabilities in content technology, platform technology and cloud network technology. Migu actively explores innovative “Internet + digital content” operations, combining content incubation with distribution partnerships, and works to develop platforms for new media integration, digital content aggregation, copyright transactions and content entrepreneurship. Migu is committed to transforming the way users experience entertainment and culture. Migu has 400 million video ringtone users, 25 million digital smart users, over 60 million e-books and over 130 published books. Migu also offers 2,300 cloud games with 120 million active users, making it a leading cultural technology brand and new media platform.
Contact
Melissa Tirey
melissa@shift6studios.com
