CD Media

China Aims To Separate NFTs From Crypto Via New Blockchain Infrastructure

Screenshot Youtube

Please Follow us on GabMindsTelegramRumbleGab TVGETTR

China is planning to draw a clear line between cryptocurrencies and nonfungible tokens (NFT) — pretty much the same way it did with its digital currency efforts — before the crypto crackdown in the country harms the local NFT industry.

The Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is working on infrastructure that would support businesses and individuals to build platforms and apps to manage NFTs, the South China Morning Post reported.

Officially called the BSN-Distributed Digital Certificate (BSN-DDC), the project aims to support the deployment of non-crypto NFTs by offering application programming interfaces for the development of user portals and apps where fiat money would be the sole payment method. ..

To read more visit CoinTelegraph.

CDMedia is being targeted and obviously too effective! We need your support to put more reporters in the field! Help us here!       

Related posts

Hiring Softens, Trump Drops Payroll Tax Cut

CD Media Staff

What Virus? US Private Employment Strong… Services Beat

CD Media Staff

Consumer Confidence Misses As Americans Lose Some Economic Security…Media Pushes ‘Second Wave’

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!