{"id":15955,"date":"2022-12-30T00:27:02","date_gmt":"2022-12-30T00:27:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/china-launching-state-run-nft-marketplace-on-january-1\/"},"modified":"2022-12-30T00:27:02","modified_gmt":"2022-12-30T00:27:02","slug":"china-launching-state-run-nft-marketplace-on-january-1","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/china-launching-state-run-nft-marketplace-on-january-1\/","title":{"rendered":"China Launching State-Run NFT Marketplace on January 1"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>China is reportedly creating its first state-backed non-fungible token (NFT) platform, the latest hint of support for a technology that has inhabited a legal gray area inside the country\u2019s famously tight cryptocurrency restrictions.<\/p>\n<p>A ceremony commemorating the marketplace\u2019s opening will be conducted in Beijing on January 1, 2023.<\/p>\n<p>According to China Daily, the platform will be operated by three state-owned and commercial enterprises, including China Technology Exchange and Art Exhibitions China, all of which are government-backed, and Huban Digital, a private firm.<\/p>\n<p>The platform, dubbed \u201cChina Digital Asset Trading Platform,\u201d will be utilized to trade collectibles as well as digital copyrights and property rights. According to the source, the platform\u2019s underlying blockchain is known as \u201cChina Cultural Protection Chain.\u201d<\/p>\n<p>NFTs in China are not subject to the country\u2019s tight regulations on cryptocurrencies which have been <a href=\"https:\/\/igaming.org\/crypto\/china-intensifies-fight-against-crypto-declaring-it-illegal\/\">banned outright<\/a> since last year.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/china-launching-state-run-nft-marketplace-on-january-1\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) China is reportedly creating its first state-backed non-fungible token (NFT) platform, the latest hint of support for a technology that has inhabited a legal gray area inside the country\u2019s famously tight cryptocurrency restrictions. A ceremony commemorating the marketplace\u2019s opening will be conducted in Beijing on January [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15955"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=15955"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/15955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/15956"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=15955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=15955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=15955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}