China’s Xinhua jumps on NFT bandwagon with thousands of news photos to be issued as ‘digital collectibles’

Source: Tech – South China Morning PostState-run Xinhua News Agency, the biggest media organisation in China, will soon issue the country’s first “news digital collectibles” backed by non-fungible tokens (NFTs), showing that domestic interest in virtual assets continues to grow in spite of earlier warnings about the risk of fraud and potential creation of a bubble that would harm consumers.On Christmas Eve, Xinhua will release a total of 110,001 copies of selected news photos for free, according to a statement on Wednesday from the…Read More

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