Chinese State Media Agency Xinhua to Issue First News NFT Collectables

Chinese State Media Agency Xinhua to Issue First News NFT Collectables


Amid the strict restriction of cryptocurrency actions in China, Chinese language state media company Xinhua will problem its first information non-fungible tokens (NFT) assortment on Friday at 8 p.m.

Per the announcement from the information company on Wednesday, that is the primary worldwide version information assortment, free to entry to the general public. The official web site reveals that the content material of NFT minted from numerous information pictures in 2021, together with the ceremony of the Chinese language Communist Occasion for the centennial anniversary and the variety of vaccinations broke by 2.6 billion doses in China. The primary batch assortment will solely be issued in 11 units with 10,000 items for every, together with an unique version.

Xinhua indicated that this collection of NFT “carries a number of treasure historic moments”. It could even be “the digital reminiscence concerned within the metaverse”. Technically, the “Zhixin chain” below the Tencent Cloud will help the relative blockchain expertise.

Earlier, serval home corporations have points related NFTs, equivalent to Tencent Holdings Ltd. And Ant Group printed on their platform.

This transfer comes distinctive amid the crackdown in China. Beijing continues to limit crypto buying and selling and mining actives. Xinhua itself company has printed editorial articles, criticizing crypto because the fraud of the Ponzi scheme.

China continues to accentuate crackdowns in opposition to crypto-related actions. In Could serval Chinese language monetary establishments barred crypto as fee instruments. Over 90% of Bitcoin capability have been shut down a month later, the authorities accused these crypto mining actions have been dangerous to the surroundings as a result of intensive demand for electrical energy. Just a few months later, the central financial institution of China PBOC emphasized that digital currencies didn’t benefit from the authorized standing and their legitimacy as authorized tender, as crypto-related transactions have been illicit.

Picture supply: Xinhua


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