What Chinese FUD? Recent data shows that the number of digital collectible platforms in China has grown to over 500, a 5X increase from February 2022.
Digital collectible’s popularity touched new highs in China despite its regulatory risks. Over the past four months, NFT platforms grew from 100-to 500.
. The government agencies believe the Chinese NFT market is filled with speculations with a focus on the secondary market, which poses inherent risks for investors.NFTs also became a way for people to express themselves digitally during the strict COVID-19-induced lockdowns in China. Shanghai residents
listed hundreds of NFTs on Openseain May at the peak of the government lockdown.Due to a lack of regulatory supervision, individuals and businesses continues to engage with digital collectibles but with a cautionary approach to avoid any direct conflict with authorities. Recently, Alibaba launched a new NFT solution and then
Warriors Fans Celebrate at Chase Center After NBA Championship Victory
The Golden State Warriors won their fourth NBA championship in just eight years with a 103-90 win against the Boston Celtics in Game 6 Thursday night. The game was played in Boston, but thousands of fans packed the Chase Center in San Francisco for a watch party that quickly turned into a joyful celebration, as confetti and streamers fell from the rafters, and fans rejoiced. Read more >>
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NFT Platform Immutable Launches $500M Venture Fund for Web3 Games.Immutable launched a $500M venture fund focused on Web3 games. The new venture fund will also build on the Immutable X protocol through token grants and investments. mikeybellusci reports,
Immutable Raises $500 Million to Support Web 3 Gaming and NFT ProjectsThe financing was led by venture partners of Immutable and prominent companies, such as Animoca Brands and GameStop.
Shiba Inu’s Welly NFT Goes Live on Twitch: DetailsICYMI: ShibaInu’s Welly NFT now available on Twitch Welly SHIB $SHIB SHIBArmy
The Tiny Loophole That Understates the Trade Deficit With ChinaWhen it comes to China, official U.S. trade statistics miss a big part of the story, writes columnist JoshZumbrun
China launches ‘Fujian,’ its third and newest aircraft carrierChina has launched its first domestically built aircraft carrier, the most advanced in its three-carrier fleet and another indication of Beijing’s interest in pursuing a naval presence beyond its own region.
China Launches Third Aircraft Carrier in Major Milestone for Xi JinpingChina’s top leader, Xi Jinping, has made modernizing the military a key mission, and expanding its navy is at the heart of that plan. Their goal has always been to be the worlds superpower. Biden has given them the boost forward they wanted.
warnings from the local authorities . The government agencies believe the Chinese NFT market is filled with speculations with a focus on the secondary market, which poses inherent risks for investors. NFTs also became a way for people to express themselves digitally during the strict COVID-19-induced lockdowns in China. Shanghai residents listed hundreds of NFTs on Opensea in May at the peak of the government lockdown. Due to a lack of regulatory supervision, individuals and businesses continues to engage with digital collectibles but with a cautionary approach to avoid any direct conflict with authorities. Recently, Alibaba launched a new NFT solution and then promptly deleted all mentions of it online . Alibaba-affiliated companies such as Ant Group and Tencent Holdings have moved to avoid any potential regulatory pushback in the past by branding their listed NFTs as “digital collectibles.” They are also offered on private blockchains and are traded/purchased using Chinese fiat currency. Related:
