Tencent Gives Up Against Chinese Government: NFT Suspends Marketplace Operations

Chinese internet giant Tencent announced that it has stopped the sales activities of its non-fungiable token (NFt) platform Huanhe due to increased controls.

of Reuters 16 AugustAccording to the information in the news dated p. Tent Holdings 16 August in his statement on excessive control over because of non-fungiable token (NFT) made on the platform stop sales stated that they made the decision.

Tencent has announced that sales will be halted, but that collectors will keep their existing collections. that they can keep, that they can display or requesting a refund that they can be found expressed.

Experts say the Chinese industry giant is almost full after launching its NFT platform. 1 year later the closing of the Chinese government’s NFT markets that the pressure will increase accepted as signs. Almost every collection Tencent released with the NFT platform instantly selling the market dominate that he it was said.

On the other hand, the Chinese government’s commitment to digital assets dislike It is a fact that is known by the entire ecosystem, because NFT platforms operating in China are selling their products in order to circumvent the regulations. NFT not as digital collector’s item as marketing.

source site-9