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A Peculiar Flavor of NFTs Is Thriving in China – One Regulators Can Abide

Unlike most non-fungible tokens, China’s “digital collectibles” are built on closed networks and designed to appease regulators who frown on trading and speculation.

By Eliza Gkritsi, Eli Tan, Camomile Shumba

Updated May 11, 2023, 3:34 p.m. Published Sep 14, 2022, 5:05 p.m.

"First Supper," exhibited through a projector at the 'Virtual Niche" exhibit in Beijing in April 2021. The artwork is composed of 22 pieces, each individually encoded as a NFT. (Eliza Gkritsi/TechNode)