The People’s Republic of China prepares to launch its first state-backed non-fungible token (NFT) marketplace in the nation’s capital, Beijing, on New Year’s Day. This signals its continued embrace of the technology.
China to Launch State-Backed NFT Marketplace
The state-backed marketplace, dubbed “China Digital Asset Trading Platform,” will be launched in Beijing on January 1st, 2023. The regulated platform will be a secondary market allowing users to trade digital copyrights, property rights, and collectibles.
According to a report from Sina News, the NFT platform will be run by the state-owned Chinese technology exchange in collaboration with the state-owned Art Exhibitions China and Huban Digital Copyrights Ltd, a private corporate entity.
The platform is reportedly built on a blockchain called the “China Cultural Protection Chain,” a permission chain, unlike the permissionless chains of traditional NFTs. The stiff regulation limits the nature of digi
We współpracy z: https://dailycoin.com/china-is-planning-to-launch-first-national-nft-marketplace-in-the-new-year/
