First NFT Court Case in China Shines Light on Platforms’ IP Right Violation Responsibility

May 13, 2022

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 Using NFTs to Record Covid Lockdown Experiences

May 5, 2022

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...

Chinese Real Estate Giant Greenland Group Announced the Purchase of BAYC #8302 NFT

Apr 29, 2022

Via an official WeChat account, “Greenland G-You Zunxianghui”, a subsidiary of Chinese real estate enterprise Greenland Holdings Corporation Limited, has announced that it owns BAYC #8302 and used it as an NFT image for its digital strategy. The acquisition of the significant N...

Chinese Video Sharing Platform Bilibili Releases First Set of Ethereum-Based NFT Series

Apr 29, 2022

Bilibili, China’s leading video content sharing platform has released a series of NFTs christened “Cheers Up”. The program which is now open for registration is designed for participants that are not residents of China.  Bilibili’s Cheers Up NFT collections that were released ...

BAYC Clothing Line Set to be Released in China by Li Ning

Apr 26, 2022

Li Ning, a sporting brand of Chinese origin with headquarters in Beijing is about to release a clothing line that is based on the Bored Yacht Ape Club #4102 NFTs design. The clothing line and equipment company intends to take advantage of the growing popularity of the BAYC project. ...

Joint Financial Association in China Launch Initiative to Regulate NFT

Apr 13, 2022

China Internet Finance Association, China Banking Association, and China Securities Association on April 13, 2022, launched an initiative that is aimed at regulating the non-fungible token (NFT) industry. The regulatory initiative aims to curtail the financial risks that users of the ...

Sichuan Province Reinforces China’s NFT Love With Music

Apr 13, 2022

As Sichuan Province’s digital music industry surges, so has its interest in using modern technology like non-fungible technologies (NFTs) to improve music creation, distribution and other related activities and channels to grow the sector, the provincial government has said. The music ind...

China’s Electric Vehicle Maker Xpeng is Selling NFTs on Alibaba

Apr 12, 2022

The Chinese electric vehicle manufacturing company Xpeng has joined the growing list of establishments that are deploying Non-Fungible tokens, popularly called NFTs for various purposes. Xpeng’s use of the innovative technology is for marketing purposes while marking the occasion of rollin...

China Reiterates Intention to Regulate NFTs

Apr 7, 2022

It is almost one year now since China initiated a ban on cryptocurrency mining, crypto transactions, and other businesses related to cryptocurrencies. In the beginning, the majority of participants thought that the ban would go the way of the previous pronouncements which didn’t find a follow-th...

WeChat Embarks on Large-scale NFT Regulation on its Platform

Mar 31, 2022

Leading Chinese social media platform, WeChat has initiated a large-scale regulation process that involves the banning and restriction of NFTs that do not meet up to its recently stipulated conditions.  Recently, the platform, through its parent company, Tencent modified the rules guidi...