Communist Party of China mouthpiece unexpectedly approves NFT
Xinhua , the Communist Party of China's (CPC) news agency, announced that it would release a set of non-negotiable tokens (NFT) later this week as part of a "meta-universe" move.
While the media publishing NFTs is not really considered news at this time, this is incorrect in the case of the CPC's mouthpiece, especially since Beijing has spent the last few months denouncing NFTs.
Chinese tech giants have even avoided the term "NFT" because of its crypto connotation, stepping on eggshells and instead calling their offerings "digital collections" and "digital collectibles."
But Xinhua reported in a statement that the agency will release a "special collection" on Dec. 24 that will include an "introduction of NFT blockchain technology" for what it claims will be "China's first digital news collection."
