Blockchain Services Network (BSN), backed by the Chinese government, is planning to build an NFT infrastructure, South China Morning Post reported . However, the Chinese NFT industry will not be linked to cryptocurrencies, and only the Chinese yuan will be allowed for services and transactions. In many cases, NFTs are mostly associated with digital art. He Yifan, the CEO of Red Date technology (the technical support provider for BSN) said that in China NFTs will be mainly used for certificate management. That includes car license plates and school diplomas, as blockchain provides “revolutionary database technology.” “NFTs are launched and traded...