Sunday, November 28, 2021
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Chinese state media warns against NFT ‘zero-sum game’

The People’s Daily, mouthpiece of the ruling Chinese Communist Party, has spoken out against the funding fever round non-fungible tokens (NFTs), questioning whether or not it’s one other “zero-sum game hyped by cryptocurrency investors and capital”.The newest state-media warning comes as NFTs and the metaverse have been gaining momentum, with a rising record of Chinese companies overtly embracing them. Media agency 36kr Holdings gave away 1,124 metaverse-themed digital collectibles at a convention in…

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Sunday, November 28, 2021

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