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China's state-run news agency will issue NFTs as the government cracks down on crypto
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AP Photo/Mark Schiefelbein
China's state-run Xinhua News Agency will issue news-oriented collectibles based on technology used in non-fungible tokens, or NFTs, according to a Bloomberg report, with the move to take place as the government has largely banned crypto-related transactions.
The NFTs holding what Xinhua called special commemorative significance will be issued for free and minted from select news photography reports from 2021, Bloomberg reported Wednesday, citing an announcement from Xinhua. The NFTs which are being called «digital news collectibles» will be distributed on Xinhua's app late Friday
NFTs, or digital representations of art, music, photography and other items, are stored on blockchains such as ethereum and purchased
Read more on markets.businessinsider.comAbout this in other media
Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan cointelegraph.com /2 years ago
Kosovar government halts crypto mining amid power crisis cointelegraph.com /2 years ago
China’s central bank releases pilot version of digital yuan wallet cointelegraph.com /2 years ago
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