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Chinese Communist Party's Mouthpiece Endorses NFTs in a Surprise Move

Xinhua, the news agency of the Chinese Communist Party (CCP), has announced that it will release a set of non-fungible tokens (NFT) later this week as part of a “metaverse” move. While media outlets releasing NFTs does n...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Chinese Communist Party's Mouthpiece Endorses NFTs in a Surprise Move
 
Xinhua, the news agency of the Chinese Communist Party (CCP), has announced that it will release a set of non-fungible tokens (NFT) later this week as part of a “metaverse” move.
While media outlets releasing NFTs does not really class as news nowadays, this is not true in the case of a CCP mouthpiece – particularly as Beijing has spent the past few months condemning NFTs....
Read More: Chinese Communist Party's Mouthpiece Endorses NFTs in a Surprise Move

Why this matters

This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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