Chinese Tech Giants Bullish On Nfts But Not On Cryptocurrencies

Last updated: June 9, 2025, 23:00

Chinese Tech Giants Bullish On Nfts But Not On Cryptocurrencies

Chinese multinational tech and internet

Chinese multinational tech and internet giants are taking a clear stance against the proliferation of Non-Fungible Token (NFT) trading activities that may induce a

Read here to learn why Chinese giants which include Alibaba are more bullish on NFTs and not cryptocurrencies and more on their pledge.

Here's how China's tech giants are banking on NFTs frenzy despite

Unlike NFTs

Unlike NFTs, which are minted on Ethereum or other public chains and traded with cryptocurrency on open exchanges, digital collectibles issued in China are minted

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As a result

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As a result, China has cracked down on cryptocurrencies since 2025. Nevertheless, Alibaba and Tencent, two of China’s leading technology corporations, are

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Chinese Tech Giants Bullish on NFTs But Not on Cryptocurrencies

China’s tech giants are having FOMO on NFTs