KUALA LUMPUR (April 12): MY EG Services Bhd (MYEG)’s Zetrix blockchain has completed the foundational development for its Layer-1 blockchain functionalities and will launch its mainnet on Friday (April 15). Zetrix is the international extension of Xinghuo BIF, China’s largest national-level blockchain network supported by all levels of the Chinese government and running both governmental and commercial applications. MYEG’s recently launched non-fungible token (NFT) marketplace, NFT Pangolin, will be one of the first applications to be hosted on Zetrix and will introduce Zetrix-minted NFTs on the platform. Additionally, it also allows its owners to personalise a caption of their choice on the NFTs to make each of them one-of-a-kind. Shares in MYEG closed one sen or 1% lower at 99 sen on Tuesday, valuing the e-government service provider at RM7.33 billion.

Source: The Edge Markets April 12, 2022 17:26 UTC