What is a Chinese NFT platform?

Most Chinese NFT platforms are built on consortium blockchains or Blockchain-as-a-Service (Bass) infrastructure, giving companies and organizations authority to govern the platform.

Is China's NFT digital art market booming?

In China, the NFT digital art market is also bustling with new players and projects. That may come as a surprise for people familiar with China’s strict approach to cryptocurrency, having fully banned crypto trading and mining last year.

What is the difference between NFT projects in China and international market?

The most significant difference between NFT projects in China and the international market lies in this concept of decentralization, where decision-making power is taken from one centralized entity and given to member-owned communities, known as Decentralized Autonomous Organizations (DAOs).

What is a non fungible token (NFT)?

A non-fungible token, or NFT, is a blockchain-based record that represents unique items that are non-interchangeable. You’ve probably heard about some of the most common forms of NFT, such as digital art, photographs, music, video, in-game items, and other forms of media, but NFTs can really be used to show ownership of just about anything.