China has announced the launch date of the state-owned NFT mar | ERC20 Official Crypto channel

China has announced the launch date of the state-owned NFT marketplace

The PRC authorities have made it clear that on January 1 they will launch the first regulated platform for trading non-fungible tokens. The platform was created by the state-owned China Technology Exchange, the private corporation Huban Digital Copyrights, and the State Art Exhibition of China.

In addition to NFT trading, the marketplace is going to popularize and promote the trading of copyrighted digital assets. The initiative aims to regulate and prevent excessive speculation in the secondary NFT markets.