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Cryptoknowmics 2022-04-26 06:12:48

Chinese streaming Service Bilibili Enables NFT Transfers

Bilibili, a video streaming site popular among China’s Generation Z, permitted the transfer of non-fungible tokens (NFTs) between users on Monday, becoming the second big Chinese internet business to do so after Alibaba. Like Alibaba’s 180-day transfer lock-in, Bilibili mandates a 30-day interval between each trade. Bilibili is a Chinese video streaming platform that allows real-time comments on “Danmu” videos. NFTs, a series of PFPs (profile pictures, usually a series of shoulder-length artworks that reflect diverse identities through the faces of apes, cats, people, aliens, robots, etc.) centered on pigeons, launched in January on the platform. Bilibili NFTs Will be Available in May Only these pigeon-themed PFPs are presently available for trade on Bilibili; further, NFTs will be available in May. If there is speculative activity, Bilibili may delay the transfer of NFTs or change the rules. It’s common for IT companies to claim that they’re cracking down on speculative activity in NFTs to appear in line with Chinese authorities’ stance on the asset. Major Chinese tech companies such as Tencent, Baidu, JD.com, and Xiaohongshu’s NFT marketplace still prohibited transfers and trading. Despite the restrictions, Guosen Securities estimates that China’s domestic NFT market will reach 29.8 billion yuan (US$4.68 billion) in 2026.The post Chinese streaming Service Bilibili Enables NFT Transfers first appeared on Cryptoknowmics-Crypto...

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Chinese streaming Service Bilibili Enables NFT Transfers

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