Chinese state media renews warning against NFT ‘zero-sum game’, flagging ‘fraud’ risks as digital collectibles gain recognition

Published Nov 26 2021 at 9:00 AM GMT
  • The People’s Daily, mouthpiece of the ruling Chinese Communist Party, has spoken out against the investment fever around non-fungible tokens (NFTs), questioning whether it is another “zero-sum game hyped by cryptocurrency investors and capital”.The latest state-media warning comes as NFTs and the metaverse have been gaining momentum, with a growing list of Chinese firms openly embracing them.
  • Media firm 36kr Holdings gave away 1,124 metaverse-themed digital collectibles at a conference in….



  • Published Nov 26, 2021 9:00 AM GMT