NEO price climbs after China’s BSN gives the project the green light on NFT marketplaces

The launch of the N3, the new NFT marketplace and integration with China's blockchain-based service network are driving up NEO value.

As the field of sustainable Layer-1 blockchain protocols continues to expand, new entrants try to solve the problem of high transaction costs and slow processing time, with older projects trying to differentiate themselves and use their history and track record to secure a market share. Which will ensure their survival through the next market cycle.

Neo fits the bill outlined above, and the project is trying to make a revival in 2022 as governments around the world gradually reveal the fact that blockchain and digital currency have some advantages and potentials that can be integrated into public and private initiatives.