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Beijing’s worries about digital cat images

The timing was no coincidence. No sooner had the Winter Olympics begun in Beijing than China’s tech giant Alibaba unveiled a series of Olympic NFTs – digital badges of the ongoing competitions to trade and invest online. NFTs are booming in the People’s Republic because they raise hopes of big profits in a short time. Companies like Alibaba and Tencent are jumping on the bandwagon, worried about missing out on the next big digital trend.

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