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Feb 10

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...

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