In July, I formed a thesis that crypto is going through de-Chinalization, a period in which China’s anti-crypto regulation would force miners and centralized exchanges to go on exile, while the rest of the projects go underground. That did play out, as we’ve see almost all miners leaving China and chasing electricity all over the world. But little did I foresee the staying power of the NFT. All of a sudden, my crypto WeChat was full of Punk fanboys, Ape guardians, and Loot revolutionaries. So let’s decrypt the China NFT scene a little, and let’s start by distinguishing between the...