The 18th consecutive special action to combat online infringement and piracy including those related to non-fungible tokens (NFTs) has been launched in China by four government bodies. Put together by the National Copyright Administration of China (NCAC), the Ministry of Industry an...
It has been a rollercoaster year for the NFT ecosystem so far. Since the beginning of the current bear market for cryptocurrency and other digital assets, the traction surrounding NFTs has also faded. Overall interest in NFTs in the last 30 days has dropped by about 25%, perhaps as a res...
Less than one month after an initial announcement, Chinese internet giant, Tencent Holdings eventually stopped the sale of digital collectibles on its platform and marketplace, Huanhe. In a previous article, we reported about the plans of Tencent to shut down its NFT marketplace due to ...
The largest internet company in China, Tencent is on the verge of shutting down its NFT platform prematurely. According to sources, the main reason behind this inevitable action is due to the unprofitability of the entity. So far, the platform has suffered from the lingering ban on secondary...
The NFT space in China is in constant evolution. While users await a proper operational framework that will guide participation in the sector, stakeholders are taking measures that could promote favorable conditions when the final rules are rolled out. On several occasions, tech giants in Ch...
Non-fungible tokens (NFTs) remain one of the hottest themes in the blockchain industry. Despite China’s ban on cryptocurrencies, NFTs, though in a different form and under specified regulation, are among the few aspects of the technology that still exist in the country. The existence of s...
A Working Group from the Fujian Province of China has released a memo to address the growing rate of NFT participation among the citizens of the region. This memo, which has been circulating across various social media platforms, is regarded as a “Reminder Letter” to reiterate the stan...
China’s largest cloud service provider, Alibaba Cloud has announced the integration of NFT solutions on its platform. According to the company, customers can now build their NFT marketplaces by using solutions like web hosting, digital marketing, and content delivery, all of which are res...
China’s first non-fungible token (NFT) legal case indicates how serious courts in the country take their intellectual property (IP) supervision roles for existing platform operators to note, a Beijing-based tech media lawyer has pointed out in a perspective on the matter. Justina Zha...
Residents of Shanghai are using the blockchain space to preserve the memories of the latest Covid-19 lockdown. By deploying NFTs, they are minting videos, photos, and digital artworks and storing them on immutable blockchain networks to prevent them from being deleted. The Covid-19 exper...
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