China preps infrastructure for state-backed NFTs
China’s state-backed network won’t be compatible with external NFTs.Crypto’s enemy number one, China, is preparing to roll out its own state-backed blockchain infrastructure to support the deployment of NFT-like collectibles, South China Morning Post reported. The infrastructure, dubbed Blockchain Services Network-Distributed Digital Certificate (BSN-DDC) won’t be compatible with external NFTs, nor will it support cryptocurrency payments.Creating its own NFT industryChina is making moves to l...
China preps infrastructure for state-backed NFTs
China’s state-backed network won’t be compatible with external NFTs.Crypto’s enemy number one, China, is preparing to roll out its own state-backed blockchain infrastructure to support the deployment of NFT-like collectibles, South China Morning Post reported. The infrastructure, dubbed Blockchain Services Network-Distributed Digital Certificate (BSN-DDC) won’t be compatible with external NFTs, nor will it support cryptocurrency payments.Creating its own NFT industryChina is making moves to l...
