DEVELOPER OF THE

Last updated: June 16, 2025, 20:21  |  Written by: Vitalik Buterin

Developer Of The
Developer Of The

Read Here To Learn Why

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

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Chinese Tech Giants Bullish on NFTs But Not on Cryptocurrencies

Unlike Nfts

China’s tech giants are having FOMO on 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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Chinese Multinational Tech And Internet

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

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

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Vitalik Buterin can be reached at [email protected].

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