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China to build its own NFT industry using state-owned blockchain tech

News Snapshot:

advertisement The Chinese state-backed blockchain deployment infrastructure platform Blockchain Services Network (BSN) is moving closer to supporting NFTS — under the condition that the NFTs aren’t connected to cryptocurrency or public blockchains. According to the South China Morning Post, the BSN will offer Chinese companies and individuals the infrastructure to implement NFTs into personal user interfaces such as apps in exchange for Chinese yuan. This infrastructure will be called the BSN Distributed Digital Certificate, or BSN-DDC, and is expected to roll out by the end of January 2022. Because of the regulatory restrictions on public networks within China, so the…

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