Ant Group, Tencent, JD.com Sign NFT ‘Self-Regulation’ Convention
Chinese tech giants are likely working to appease regulators.
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Nov 1, 2021 at 7:06 p.m. UTC
Nov 1, 2021
Non-Fungible Tokens (NFTs) are unique digital assets verified using blockchain technology, primarily on platforms like Ethereum. Unlike cryptocurrencies, NFTs are indivisible and cannot be exchanged on a one-to-one basis, ensuring each NFT is distinct and irreplaceable, much like a physical collectible. They have gained prominence in digital art, music, gaming, and other online communities for enabling proof of ownership and authenticity of digital creations. NFTs can represent anything from artwork and music to videos and tweets.