Consumer expectations shift all the time and you need the internal compass to guide your brand to true to the roots of your brand.How Brands in China Are Leveraging NFTs You may have heard that the Chinese government dislikes and has banned cryptocurrency. Worried about maintaining social and economic stability the East Asian nation banned speculative and volatile crypto trading which it views as closely associated with gambling money laundering and alleged scams.
Crypto’s blockchain however is a different story. Interested in turning China into an industrial and digital powerhouse President Xi Jin mobile number list ping has embraced the technology including non fungible tokens NFTs although with certain conditions attached. NFTs in China A stark difference to the west is that NFTs in China are not linked to cryptocurrencies and can only be exchanged for RMB the official currency in China. They are hosted on so called permission based blockchains that operate under state oversight. Additionally the Chinese government is working to stop the financialization of the NFT market meaning they can be traded as collectibles or gifts but not viewed as assets. NFTs must be referred to as ‘digital collectibles’ and all marketin.
China must avoid the language of international NFT markets. With no crypto coins involved and all payments made in RMB there’s no opportunity for speculation. The Chinese system also only permits the initial acquisition of an NFT and no trading in secondary markets like the global exchange OpenSea where speculators bid up prices of collectibles. Lastly the Chinese NFT ecosystem is a walled off market that cannot operate with the international NFT ecosystem. Therefore NFTs may not be extracted into international wallets or other locations in the global metaverse.
发表于 2023-4-8 18:28:35
