The television station in China’s Shandong province plans to build a “digital collectibles” trading platform and issue its own non-fungible tokens (NFTs), becoming the latest state-run media outlet to join the trend.
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- Shandong Television has started developing its own blockchain to run its NFT marketplace.
- NFTs are commonly referred to as digital collectibles following Chinese state media’s denouncement of the market frenzy over NFTs.
- China has yet to set clear regulations on the trading of NFTs.
- But a Chinese central bank official, and state media outlets have issued warnings against trading in NFTs and money laundering.
- The broadcaster did not clarify how much freedom NFT traders will have on the marketplace.
- The party-run People’s Daily launched its first digital collectibles series at its own NFT gallery in February .
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