News

Why Tencent, a Chinese tech giant, will stop selling NFTs

Tencent, a Chinese tech giant, will stop selling NFTs due to regulatory scrutiny.

Why Tencent, a Chinese tech giant, will stop selling NFTs
Why Tencent, a Chinese language tech large, will cease promoting NFTs

Why Tencent, a Chinese language tech large, will cease promoting NFTs

Tencent, a Chinese language tech large, will cease promoting NFTs as a consequence of regulatory scrutiny. The corporate’s Huanhe

  • NFT platform, which was launched final August, will not promote NFTs beginning Tuesday.
  • Prospects that at present personal NFTs will be capable of maintain, show, or request a refund.
  • China banned all crypto exercise, together with buying and selling and mining, final 12 months.
  • On the time, it was unclear if NFTs additionally fall beneath this regulatory ban; nevertheless, this week, the corporate was compelled to halt the sale of NFTs on its platform.
  • The corporate issued a press release saying, “Based mostly on the corporate’s consideration to give attention to its core technique, Huanhe is making changes to its enterprise.”
  • Tencent’s enterprise choices embrace Weixin/WeChat messaging app and cell information, video games, and fee methods.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Facebook Pay is now Meta Pay Crypto News.KamaSutra launches 6 NFTs receives 2.4million impressions Top Cryptocurrency News.Top 5 things about nft calender to make profit Top Cryptocurrency NFTs News. What is Nft drop calendar Top Cryptocurrency NFTs News.Kanye West launches NFT:Yeezy NFTs