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Chinese Gov’t to Unveil Its Version of an ‘NFT’ Marketplace

The Chinese government has announced plans to launch its own version of a state-backed “non-fungible token (NFT)” marketplace. But Beijing won’t be using blockchain to power its platform. And it wants to do away with cry...

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

Chinese Gov’t to Unveil Its Version of an ‘NFT’ Marketplace
The Chinese government has announced plans to launch its own version of a state-backed “non-fungible token (NFT)” marketplace. But Beijing won’t be using blockchain to power its platform. And it wants to do away with crypto as the marketplace’s currency – in favor of fiat....
Read More: Chinese Gov’t to Unveil Its Version of an ‘NFT’ Marketplace

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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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