Tencent is leading a group on standards for NFTs, recognised by UN agency. Photo: Handout
Tencent-led project becomes first UN-approved standards initiative on NFTs, known as ‘digital collectibles’ in China
- The first draft of the framework is expected to be completed by the end of 2022, with Tencent group also supported by Ant and institutions
- Many Chinese tech companies offer NFTs built on consortium blockchains, which are different from popular public blockchains
Tencent is leading a group on standards for NFTs, recognised by UN agency. Photo: Handout