Sino Global Shipping America, a Nasdaq traded company, will work with CyberMiles, an e-commerce public blockchain, to jointly launch a blockchain non-fungible token (NFT) CRC-721 protocol and trading platform, which will allow enterprises, institutions, and individuals to conveniently issue NFTs on the CyberMiles public blockchain and also trade NFTs easily.
[A non-fungible token (NFT)] (https://en.wikipedia.org/wiki/Non-fungible_token) is a special type of [cryptographic token] (https://en.wikipedia.org/wiki/Cryptocurrency) issued on blockchain which represents something unique and one of a kind; Non-fungible tokens are not mutually interchangeable, thus has the perfect use cases for art pieces and anything that are collectibles. The total value of the NFT market is currently $250 million with foreseeable exponential growth.
As blockchain NFTs get more recognized with unprecedented popularity, a large amount of diverse applications have been seen adopting the NFT technology. In addition to the transactions of artworks and collectibles, the recent [NBA Top Shot craze] (https://www.benzinga.com/markets/cryptocurrency/21/02/19715918/nba-top-shot-seeing-record-sales-demand-during-nft-boom) has once again proved the potential of this market.
[CyberMiles] (https://www.cybermiles.io/en-us/) (CMT) is a next generation public blockchain for smart contracts. CyberMiles’ Smart Business Contracts are optimized for e-commerce applications. It provides a large library of commerce-related Smart Business Contracts, striving to offer the best streamlined process and experience in helping to build decentralized e-commerce applications.
Sino-Global Shipping America, Ltd, a global logistics and ship management services company, was founded in 2001 in New York. The Company has provided customers throughout the world with all of their shipping logistics and agency needs as a full-service provider. Sino-Global listed on the NASDAQ On May 21, 2008 and the stock symbol is SINO.