Chinese launches State-Backed Digital Collectibles Platform

Chinese launches State-Backed Digital Collectibles Platform
фото показано с : nftnewstoday.com

2022-12-31 08:24

Starting January 1, 2023, Chinese residents can trade digital collectibles using a state-backed blockchain platform. This is welcome news for residents who were previously banned from engaging with NFTs. However, as is the norm in China, every activity has to be closely watched by the government.

The exchange, dubbed “China Digital Asset Trading Platform,” will be unveiled on the first day of 2023. And there will be an official ceremony to celebrate the launch of the marketplace in Beijing.

According to people in the know, the marketplace will be fully compliant with the necessary government laws. To oversee its operations, three institutions have been tasked with the responsibility. There is the China Technology Exchange and the China Cultural Relics Exchange Center, both of which are stage-backed. And the other is a private corporation known as Huaban Digital Copyright Service Center.

The State-Backed Blockchain Platform Will Allow Users To Speculate On Digital Collections

The exchange will allow users to trade digital collections, or NFTs, digital copyrights, and property rights. And as mentioned earlier, it will run on a specially designed distributed ledger dubbed “China Cultural Protection Chain.”

The chain will serve as “the only credible depository service platform for tradable digital assets, providing digital asset registration, confirmation of rights, depository, rights protection monitoring, and copyright protection services for institutions and individual users.”

Additionally, the exchange will partner with “Digital Collection Home,” the first metaverse NFT credit evaluation and aggregation platform in China. This partnership will ensure users of the exchange have access to the metaverse and NFT collection-related data, content, and other aggregation services.

The launch of the exchange will allow users to speculate on digital collectibles. This wasn’t possible, even though earlier this year the state-backed blockchain network had introduced a platform that allowed for the issuing and selling of tokenized digital collectibles. Unsurprisingly, no crypto is allowed, meaning only fiat can be used to buy the collectibles and pay platform fees.

The post Chinese launches State-Backed Digital Collectibles Platform appeared first on NFT News Today.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

chinese platform digital collectibles state-backed launches today

Источник: nftnewstoday.com

chinese platform → Результатов: 126


Фото:

China National Blockchain Network Goes Live April 2020

Chinese authorities have revealed that the country’s Blockchain Services Network (BSN), a project that has been under development since last year, with an aim to provide the masses with a platform to easily deploy their distributed ledger technology (DLT) applications without having to create their own private networks, will officially commence operations in April 2020,Read MoreRead More.

2020-1-7 16:00


Founders of Tron and Binance get their accounts removed from Weibo [UPDATED]

The founder and CEO of Tron, Justin Sun, saw his account on social media platform Weibo shut down. While the Chinese version of Twitter offered no explanation as to why his account and the account of Binance co-founder Yi He were removed, Sun assured the crypto community that he had a “direct channel” to Weibo […] The post Founders of Tron and Binance get their accounts removed from Weibo [UPDATED] appeared first on CryptoSlate.

2019-12-12 22:30


Credits and Alibaba Cloud Storming Chinese Market With Blockchain-Based Solutions

The Credits open-source decentralized blockchain solutions provider and Alibaba Cloud have announced the joint launch of operations in the Chinese logistics market. The solution being launched jointly by the Credits platform and Alibaba Cloud is aimed at solving the multiple issues in the logistics market using blockchain technologies.

2019-12-3 19:13


Credits Blockchain Platform Joins Alibaba Cloud For Catering To The Chinese Logistics Market

The decentralized, open-source Credits blockchain platform has recently announced its cooperation with Alibaba Cloud in developing blockchain-based solutions for solving logistics issues on the ChinesThe post Credits Blockchain Platform Joins Alibaba Cloud For Catering To The Chinese Logistics Market appeared first on AMBCrypto.

2019-12-3 18:00


Firms Have Borrowed $8.2 Billion from the Blockchain Platform of a Chinese Forex Regulator

The Chinese regulator State Administration of Foreign Exchange (SAFE) runs a cross-border blockchain financing system and has helped firms with more than $8.2 billion. The SAFE platform has helped small and medium-sized (SMEs) corporations and enterprises with this amount of money in only 8 months after being opened, reports the Economic Information Daily. Ever since […]

2019-11-26 22:44


Фото:

Alipay Denies Supporting Binance Fiat-to-Crypto Transactions, WeChat Blocks Them

Chinese mobile payment giant Alipay has said that it doesn’t support the purchase of cryptocurrencies on its payment platform. Alipay’s statement comes after the Chief Executive Officer of Binance, Changpeng “CZ” Zhao, said that it now supports cryptocurrency purchases via Alipay and WeChat Pay, which BeInCrypto reported on yesterday.

2019-10-11 21:24


Chinese Authorities Are Investigating EtherDelta Over Possible Exit Scam

The crypto trading platform EtherDelta is currently being investigated by the Chinese police over allegations of exit scam, which is when a company vanishes with funds from clients. In this case, EtherDelta is being accused of selling tokens during an Initial Coin Offering (ICO) and then abandoning the platform. EtherDelta was a platform that was […]

2019-8-8 23:27


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Eldarune Secures IMX Grant from Immutable

Eldarune partners with Immutable to enhance its Web3 game, Heroes of Eldarune, with a 50,000 IMX token grant, boosting the game's development and community engagement. The post Eldarune Secures IMX Grant from Immutable appeared first on NFT News Today.

Your Ultimate Guide to Fanton Fantasy Football Game on Telegram

Experience the ultimate fantasy football gaming experience on Telegram with Fanton. Enjoy NFT player cards, real-world performances and a thriving community! The post Your Ultimate Guide to Fanton Fantasy Football Game on Telegram appeared first on NFT News Today.

Blackpink Debuts “Pink Venom” NFTs on VeVe

K-pop group Blackpink launches their first digital collectibles inspired by "Pink Venom" on VeVe, joining the growing trend of K-pop artists embracing NFTs. The post Blackpink Debuts “Pink Venom” NFTs on VeVe appeared first on NFT News Today.