Tencent to shut down NFT platform after just one year, repor

Tencent to shut down NFT platform after just one year, report says

Chinese social media giant Tencent Holdings plans to shut down its non-fungible token (NFT) platform, which launched just one year ago, as Beijing’s strict ban on secondary markets for digital collectibles has largely killed its business potential, according to a report by Chinese media outlet Jiemian on Wednesday (July 21). The report, which quoted unidentified sources from Tencent, said that...

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