The pace of innovation, growth, and excitement around NFTs has grown exponentially over the past few years. With China’s McDonald’s giving away over 188 NFTs on its 31st anniversary, NFTs have managed to find wiggle room out of the China ban, however, there is a catch. Even though NFTs are intertwined with cryptos, companies in China are excluding the word “token” when translating “non-fungible token” into Chinese. In fact, on the technological front, some are abandoning the global Ethereum blockchain infrastructure altogether. NFT communities, from JPEG speculators to play-to-earn clubs, were functioning well in China even after multiple crypto crackdowns....