China’s largest broadcaster’s NFT series becomes a trilogy
State-owned broadcaster China Central Television (CCTV)’s online branch will launch a new non-fungible token (NFT) series on Thursday to celebrate the seventh China Space Day.
See related article: China’s industry lobbies join NFT bashing chorus
- CCTV’s first NFT collection was issued for free during Chinese New Year on Tencent’s blockchain.
- The second batch was issued on Alibaba’s blockchain to commemorate the February Lantern Festival, and brought in 717,600 yuan (US$112,626) in primary sales.
- That series went on to attract high-priced bids on the resale market despite state media’s warnings against speculation in the NFT market.
- CCTV has ditched NFTs on Alibaba and Tencent as its third NFT series will be sold on Topholder marketplace, a partner of Chinese social media platform Weibo.
- Topholder enables Weibo users to mint their social posts as NFTs.
- Last week, China’s banking and securities industries drew a red line around digital collectibles by urging its member organizations to curb the wave of “financialization and securitization” of NFTs.
See related article: Chinese Communist Party paper to “develop” NFTs
Back to the list