China to launch blockchain infrastructure to support NFT deployment, report says

– With the help of China's state-backed Blockchain Services Network, the country expects to introduce blockchain infrastructure to support non-fungible token deployment, the South China Morning Post [reports] .

– This comes when cryptocurrency transactions are illegal in China, though NFTs – which are different to digital tokens like bitcoin ( [BTC-USD] ) and ethereum ( [ETH-USD] ), "have no legal issue," Red Date technology Chief Executive He Yifan told the South China Morning Post in an interview.

China to launch blockchain infrastructure to support NFT deployment, report says comes via ChinaTechNews.com.