China’s state-backed blockchain network disclosed eight platform partners today in line with the soft launch of its non-fungible token (NFT) platform, the BSN-DDC network

Fast facts

  • The auction house Rong Bao Zhai, Hainan International Culture and Artworks Exchange Center — an essential part of China’s free trade port — and EY Blockchain are among the listed partners.
  • NFTs built on this network will be called “Decentralized Digital Certificate” (DDC) to distance itself from NFTs that are traded on public chains using cryptocurrencies outside China.
  • The BSN-DDC network is expected to officially launch in late March.