China’s Ant highlights distinction between NFTs and cryptocurrencies By Reuters
SHANGHAI (Reuters) - China's Ant Group sought to draw a distinction on Wednesday between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion. Ant, the Jack Ma-controlled fintech group, put on sale two NFT-backed app images via its payment platform Alipay and the items quickly sold out on Wednesday. Ant's adoption of non-fungible tokens caused confusion on social media where they were linked to virtual currencies such as bitcoin, which have the same underlying technology. "Alipay selling NFT products. Isn't that illegal transaction?"...
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