How China takes a different approach to NFTs
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Relaxnews
Relaxnews
In China, NFTs have properties far removed from what we know in the West. In order to avoid the speculative excesses of cryptocurrencies, these “digital collectibles” — the name given to NFTs in China — are required to respect certain rules, such as copyright and a ban on resales. Although it is fundamentally anti-cryptocurrency, China is nevertheless developing “digital collectibles,” aware of the financial opportunity that this industry can represent. For the moment, non-fungible tokens exist in a kind of gray area. The government has not decided to ban these assets, as long as this techno…
