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Tencent news, Tencent's media product, has terminated operation of nonfungible token (NFT) platforms in an effort to avoid regulatory scrutiny of the businesses.
In mid-April, a group of industry associations in China issued a warning against the potential financial risks of non-fungible tokens, digital assets that represent real-world objects or intangible goods like a song. NFTs must not be traded with cryptocurrencies, said the country’s banking, internet finance, and securities associations, and they must not be used to […]
This week, Tencent froze a dozen WeChat accounts linked to NFTs on the grounds that they encouraged speculative risk.
Tencent invests in NFT startup Immutable Immutable, an Australian NFT (non-fungible token) startup, recently completed a new round of financing of US$200 ... Alibaba, Beijing, Metaverse, Sequoia, Sequoia Capital China, startup, Tencent, Tencent Music
Why NFT trends in China may point to the future of NFTs globally. From PR Week