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China’s state-run news agency to launch NFT collection
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In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of NFT collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish 10,000 copies of 11 photos taken by journalists in 2021.
The stride into NFTs is puzzling in light of recent events in the world’s second-largest economy. Following a nationwide crypto crackdown where Bitcoin (BTC) and Ether (ETH) mining was banned, China recently aimed NFTs in the Metaverse and proposed that they should be heavily monitored. Despite the anti-crypto sentiment, tech giants Tencent and Huawei were not discouraged from pursuing trademarks in the
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