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Letzte Aktualisierung: February 18, 2022

Beijing's worries about digital cat images

Cat pictures helped Non-Fungible Tokens (NFT) boom in China. First, the art scene sensed good business. Now tech giants like Tencent and Alibaba are also issuing tokens. They are afraid of missing out on the next hype. But the government already put a spanner in the works of the tech industry once. Now, that could happen again.
Ning Wang
Ning Wang
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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