The web arm of Folks’s Each day said it will cooperate with state-owned enterprise China Arts and Entertainment Group to develop non-fungible tokens (NFTs) themed on Chinese language conventional and fashionable work.
See associated article: Resist the temptation on NFTs, Chinese state-backed developer says
- Announcement from the official newspaper of the Central Committee of the Chinese language Communist Occasion (CCP) comes after state-backed trade foyer teams referred to as for the curbing of “financialization and securitization” of NFTs.
- Folks’s Each day says they may situation the NFTs for digital publication, and to discover the tokens’ modifying, reviewing and publication course of.
- The Folks’s Each day established its market in January and airdropped the primary batch of NFTs without spending a dime.
- The platform has not offered NFTs for revenue, nor has it revealed the blockchain on which the platform is predicated.
See associated article: China museum chief fences cultural relics from NFTs