China Wants Nfts But On Their Own Terms
In China
In China, tech giants hoping to hop on the bandwagon have issued their own NFTs, while emphasising they're not linked to cryptocurrencies, which are banned in the country.
How the Chinese Government Is Trying to Reinvent the NFT
In China, NFT are referred to as ‘digital collectibles’ rather than ‘tokens’ since the Chinese government is opposed to cryptocurrency. A cryptocurrency is a digital or
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The uncertain future of NFTs in China
Tech giants Alibaba
Yet while its role has traditionally been to control the internet domestically, the Chinese state is now taking further steps to curb the influence of international blockchains and
Tech giants Alibaba, Tencent, and Bilibili, among others, all have their own ‘digital collectibles’ but have banned the reselling of NFTs amid a tough regulatory environment.
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NFTs heat up in China as ‘digital collectibles’ despite tough
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