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Chinese Communist Party's Mouthpiece Endorses NFTs in a Surprise Move
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Xinhua, the news agency of the Chinese Communist Party (CCP), has announced that it will release a set of non-fungible tokens (NFT) later this week as part of a “metaverse” move.
While media outlets releasing NFTs does not really class as news nowadays, this is not true in the case of a CCP mouthpiece – particularly as Beijing has spent the past few months condemning NFTs.
As reported yesterday, Chinese tech giants have even shunned the term “NFT” due to its crypto connotations, treading on eggshells and instead referring to their offerings as “digital collections” and “digital collectibles.”
“Metaverse” is another term being used with caution in Mainland China, again due largely to its crypto overtones.
But, Xinhua revealed in a post, the
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