China’s Xinhua jumps on NFT bandwagon with thousands of news photos to be issued as ‘digital collectibles’
- State-run Xinhua will release mainland China’s first ‘news digital collectibles’ backed by NFTs on Christmas Eve
- Selected news photos, packaged into 11 collections of 10,000 copies each and one copy of a special edition, will be available through Xinhua’s app
On Christmas Eve, Xinhua will release a total of 110,001 copies of selected news photos for free, according to a statement on Wednesday from the influential Beijing-based news organisation.
The collections “record many precious historical moments in 2021”, the Xinhua statement said. “It is also a digital memory written into the metaverse world.”