Future Has Arrived by Hunan artistic duo TAMEN, shown at Macey and Sons Auctioneers and Valuers in Hong Kong on July 23, 2021. The duo tokenised one of their physical paintings and sold an NFT together with the artwork. Photo: Jonathan Wong
Future Has Arrived by Hunan artistic duo TAMEN, shown at Macey and Sons Auctioneers and Valuers in Hong Kong on July 23, 2021. The duo tokenised one of their physical paintings and sold an NFT together with the artwork. Photo: Jonathan Wong

State media warn of ‘huge bubble’ in NFT as cryptocurrencies lose steam in China

  • An article in a sister paper of People’s Daily has become the latest state media outlet to question the prospect of non-fungible tokens
  • NFTs, built on blockchain, have so far been tolerated in China, where the mining and trading of cryptocurrencies are banned

Topic |   China technology
Future Has Arrived by Hunan artistic duo TAMEN, shown at Macey and Sons Auctioneers and Valuers in Hong Kong on July 23, 2021. The duo tokenised one of their physical paintings and sold an NFT together with the artwork. Photo: Jonathan Wong
Future Has Arrived by Hunan artistic duo TAMEN, shown at Macey and Sons Auctioneers and Valuers in Hong Kong on July 23, 2021. The duo tokenised one of their physical paintings and sold an NFT together with the artwork. Photo: Jonathan Wong
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