Web3 Chinese | After years of losses, can web3 save Bilibili?

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On November 15, the DuDu Bear NFT issued by DuDu Lab, a subsidiary of Baidu, has been minted. The NFT is built on Ethereum. The casting price is 0.02ETH and the sale price is 0.05ETH. A total of 10,000 units have been issued, with a total value of approximately 4.55 million yuan. , currently sold out.

It is reported that DuDu Lab x Theirsverse DuDu Lab is an NFT project incubated by Baidu that combines AI capabilities. DuDu Bear is an NFT image based on DuDu Lab. DuDu Lab indicates that it uses AIGC technology, which is a production method that automatically generates content using AI technology.

It is worth noting that this is not the first major domestic company to issue overseas NFTs.

On April 28, Bilibili announced that it would release the Cheers UP NFT series on Ethereum for overseas users. The total number of the series is 10,000, and the minting price is 0.12 ETH (valued at US$344).

233 of them are reserved for teams, and the remaining 9,767 are distributed to users in the form of a lottery. It is reported that the Cheers UP NFT series is the first batch of Ethereum-based NFTs from major domestic Internet companies.

Moreover, unlike other major manufacturers in the domestic market, Bilibili has given full play to its own advantages and is characterized by two-dimensional culture. It has a large number of creators and active users. Almost all of the digital collections launched are a combination of UP hosts and virtual products. Created by the anchor and his own IP.

In terms of web3 layout, Bilibili seems to be more cautious. Perhaps it is due to long-term losses, or perhaps Bilibili has its own ideas. As web3 is a new opportunity, can Bilibili grasp it?

With years of losses, Bilibili seems to have set its sights on the blue ocean of web3.

Bilibili (NASDAQ: BILI, HKEX:9626; hereinafter referred to as "Bilibili") announced unaudited financial results for the second quarter ended June 30, 2022

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