Tencent launched a non-fungible token (NFT) trading platform. A local Chinese court is building a judicial blockchain to improve intellectual property litigation processes. China’s central bank said in a work meeting that they would continue to crack down on cryptocurrencies.
Chinese tech giant Tencent launched an NFTs trading platform called Huanhe on Monday. The platform promoted the launch by issuing 300 NFTs style as vinyl records based on the popular Tencent-developed celebrity talk show “Shisanyao.” Each piece is priced at RMB 18 ($2.8). The platform is planning to sell NFTs in the forms of video, audio, photos, 3D models, and others, according to the platform’s introductory text. (Wu Blockchain)
A local court in the northeastern Chinese city of Hulunbuir, Inner Mongolia, said in an official WeChat post that it is building a judicial blockchain to improve litigation processes for intellectual property cases. The Hulunbuir Intermediate People’s Court said it wants people to submit evidence through the blockchain and use timestamp functions to preserve the evidence. The court is currently testing the blockchain. (Hulunbuir Intermediate People’s Court, in Chinese)
China’s central bank said it will continue its crackdown on virtual currencies in a work meeting for the rest of the year. A work report released Thursday listed regulating the growth of fintech platforms and punishing illegal virtual currency activities as priorities.