The stride into NFTs is puzzling in light of recent events in the world’s second-largest economy. Following a nationwide crypto crackdown where Bitcoin (BTC) and Ether (ETH) mining was banned, China has recently taken aim at NFTs and metaverses and proposed that they should be heavily monitored. Despite the anti-crypto sentiment, tech giants Tencent and Huawei were not discouraged from pursuing trademarks in the metaverse.
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Source: Cryptocurrency - investing.com
