Neptunity NFT Marketplace
Time Travel X Banknote NFT
Issued by: Federal Reserve Bank of China
Year: 1938
Face Value: 100 Yuan
Issued by: Bank of China
Year: 1909
Face Value: 1 Yuan
National Commercial Bank, Ltd
Year: 1923
Face Value: 10 Yuan
Issued by: Russo-Chinese Bank
Year: 1907
Face Value: 5 Taels
About Time Travel X Banknote NFT:
Neptunity Labs presents the 'Time Travel X Banknote NFT' to bring life to the authentic and very rare Chinese banknotes collection owned by private Chinese banknotes collectors. Through the beautiful animation of the banknotes we go back in time to appreciate the beauty of the different eras in Chinese history.
For the first series of the project which we limit to 100 editions for each Banknote, we curated the 10 most representative banknotes that represent different eras and which are interesting from an artistic point of view and turn them into the animated NFT artworks. Join us to learn about the development of banknotes in ancient and modern China and explore the beauty of the art, history and culture.
Perks of Ownership:
Peek inside the History of Banks in China
-
Yuan Dynasty
late 13th – mid 14th Century
During the Yuan Dynasty, major currency reforms occurred, including the newly introduced paper-based notes.
-
Ming Dynasty
mid 14th – mid 17th Century
In the early Ming Dynasty, the Yuan Dynasty currency system was followed, with paper currency as the main currency in circulation in combination with copper coins.
-
Qing Dynasty
mid 17th – early 20th Century
Qing Dynasty advocated the policy of parallel banknotes instead of traditional banknotes, using silver for large transactions and using small amounts of money. (In the early years of Shunzhi, the number of people struggling with the Qing dynasty grew. The national reserves of money and food were not enough to cover their expenditures. In addition, the provincial military expenditures were huge. Under circumstances of necessity, the Qing government issued the first national paper currency in the eighth year of Shunzhi, naming it Shunzhi Chaoguan.)
-
Modern Times
early 20th – mid 20th Century -
National Banks
Big four banks include:
- Bank of Communications, opened in 1908, headquartered in Beijing;
- The predecessor of the Bank of China was the Bank of the Department of Clearing Accounts established in 1904 and renamed to "Bank of Qing Dynasty". It was reopened and renamed to "Bank of China" in 1912, headquartered in Beijing.
- Central Bank, opened in 1924, headquartered in Guangzhou.
- China Farmers Bank, opened in 1934, recognising the Farmers Banks of Henan, Hubei, Anhui and Jiangxi.
-
Provincial Banks
After the failure of the second revolution in 1913, the whole country entered the dark rule of Beiyang warlord, commanded by Yuan Shikai. In order to raise military and administrative expenses, the warlords used provincial and local banks as private treasury and kept printing and issuing banknotes. At that time, the paper currency could be described as a "wide variety".
-
Commercial Banks
During the period of the Republic of China, there were hundreds of commercial banks issuing banknotes. Among them, the China Commercial Bank, Zhejiang Industrial Bank, Siming Bank, Zhongnan Bank, China Industrial Bank, Rural Commercial Bank, China Agricultural and Industrial Bank, and China Reclamation Bank were the largest. They are collectively referred to as the "Big Eight Commercial Banks", and the banknotes issued were the "Big Eight Banknotes."
-
Foreign Banks
After the Opium War (1840), capitalist countries began to set up banks in China. Among them, Liru Bank of Anglo-Indian Capital was the first bank to enter China, opening the door for foreign banks to issue banknotes in China. Before the 19th century, the currency issuance market was almost monopolized by the United Kingdom. By the 20th century, other countries began to open banks and issue paper money in China.
-
Liberated Area Banknotes
Liberated area banknotes refer to various types of currencies issued by the People’s Armed Forces, groups and regimes established under the leadership or influence of the Communist Party before the founding of New China, including the Renminbi issued by the People’s Bank of China from December 1948 to September 1949.
-
New China
Since 1949
In the late period of the National War of Liberation, the liberated areas expanded rapidly, and the originally divided areas were also connected together. Therefore, it became an inevitable trend to unify the currencies of the liberated areas. The RenMinBi is the legal tender of the People’s Republic of China. With the development of the economy and in line with people’s lives, five sets of the RMB have been issued so far.
-
What is NFT?
NFTs which stand for Non-Fungible Tokens are pieces of digital content linked to the blockchain, which is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Unlike fungible tokens which can be replaced or exchanged with another identical one of the same value, NFTs are unique and not mutually interchangeable, which means no two NFTs are identical.
Much of the current market for NFTs is centered around collectibles, such as digital artwork, sports cards, and rarities. They are digital representations of assets and have been likened to digital passports because each token contains a unique, non-transferable identity to distinguish it from other tokens.
The majority of NFTs reside on the Ethereum cryptocurrency’s blockchain. The creator of the NFT retains the copyright for it, as well as the right to duplicate it as many times as they want. In some cases, the creator will receive royalties each time an NFT is sold.
-
Why the Mega Trend?
Over the past few months, global sports franchises, famous artists and musicians, and global fashion brands have launched NFTs. In April, Auction house Christie’s sold "Everydays: the First 5000 Days"- a digital artwork in JPEG form by an artist known as Beeple, for US$69.3 million - the third-most-expensive work ever sold by a living artist. Like cryptocurrencies, NFTs belong to a borderless, decentralized, virtual global ecosystem - crypto marketplaces in which they are created, proffered and acquired. While artists have been working in other digital media for over 50 years, NFTs are a new horizon for the fine art sector.
NFTs are capable of much more than simple certificates of ownership. We see NFTs becoming the digital representation of physical art and objects, unleashing entirely new ways to create value for stakeholders and creating brand new entertainment markets.
Through NFTs, we are witnessing the convergence of the incredible dynamics of cryptocurrency trading and the traditional art world, whereby Neptunity NFT marketplace offers a revolutionary solution for trading collectible artwork as unique digital assets on a tamper-proof blockchain.
-
What makes Neptunity unique?
Neptunity is a premium NFT marketplace that allows users to trade rare digital assets online, and forms part of the ecosystem supported by Bank of Asia, a BVI based digital assets friendly bank powered by fintech. Neptunity focuses on collaboration with Master Artists and influential celebrities with stories to transform their masterpieces into new digital formats in the form of NFTs, thereby breathing new life and energy into the original pieces and enabling sharing of the unique meaning and perspective of the works in the new cyberspace.
Empowered by its banking partner and related ecosystem, Neptunity is uniquely positioned as a strong player in the crypto space and serves to facilitate the most influential speakers in the crypto circle and beyond to unite and make positive social impact through the sharing of art in the digital form, connecting the younger, tech-savvy generation to the masterminds and their masterpieces.