As the NFT boom continues and the market scale expands, NFT are attacting the attention of the technology giants such as Tencent and Alibaba. They have launched an array of products to seize business opportunity in the NFT market. However, their offerings are different from blockchain-based NFT. Under the restriction of virtual currency trading by the Chinese Government, they have developed a new type of “NFT” which they called “digital collectibles”. It is worth to note that this type of “NFT” is non-tradeable. What is exactly “digital collectible” ? Can a real NFT market grow in the Mainland?
This article is available in Chinese only. Click to read full story.
