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  4. Asia Express: China’s NFT market, Moutai metaverse popular but buggy…
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Asia Express: China’s NFT market, Moutai metaverse popular but buggy…

After a one-year hiatus, Our Man in Shanghai returns, but hes no longer based in Shanghai (the crypto crackdown was a factor in the columns retirement), so a rebranding is in...
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Asia Express: China’s NFT market, Moutai metaverse popular but buggy… Asia Express: China’s NFT market, Moutai metaverse popular but buggy…

After a one-year hiatus, Our Man in Shanghai returns, but hes no longer based in Shanghai (the crypto crackdown was a factor in the columns retirement), so a rebranding is in order. This space is now called Asia Express, and its a weekly roundup of news from mainland China and Taiwan and the rest of Asia too. Check in each Friday for news about Asias more influential projects, changes in the regulatory landscape and enterprise blockchain integrations. Much has changed since the last edition on Dec. 17, 2021. Without further ado, lets dig in.

The countdown to Chinas first national NFT marketplace begins. Source: Cdex

In a joint effort between the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China and the corporation Huban Digital Copyrights Ltd, Chinas first national NFT marketplace is scheduled to come online this week.

Its designed as a secondary market for trading digital collectibles, along with copyrights for digital assets. Perhaps unsurprisingly, its built on Chinas national Wenbao, or cultural protection blockchain, which helps verify the authenticity of artifacts and commercial goods. Currently, only the NFT platforms landing page is accessible.

The Moutai metaverse experience. Source: 68h5.com
Hong Kong cityscape. Source: Pexels

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01-05-2024 10:45:17 (UTC+7)

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 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
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 Brent Oil85.62↑ Sell
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