A project on the technical framework for non-fungible tokens (NFTs) led by Tencent Holdings, with the involvement of Ant Group and others, has been approved by a United Nations specialised agency, which the company says makes it the world’s first UN-approved standards project on the digital tokens.

Tencent-led project becomes first UN-approved standards initiative on NFTs, known as ‘digital collectibles' in China comes via ChinaTechNews.com.