Is Chinese tech giant Tencent planning to enter the NFT Sunday soon?

Dec Sundays amid the growing nft frenzy among Chinese investors, it appears that Chinese tech giant Tencent is planning to enter the NFT market soon. In an exclusive update, popular Chinese journalist Colin Wu reported:

“Tencent, the largest internet company in China, is the largest provider of music, games, News content, etc.including Will NFT.”

Exclusive: Tencent, China’s largest internet company, has been selling music, games, News content, etc. he will enter the NFT, including.

President Blockchain (@WuBlockchain) July 30, 2021

It looks like a fairly recent development and we haven’t heard from the tech giant yet. However, Chinese tech companies are currently filling most of the NFT Sundays amid a recent crackdown on public cryptocurrencies by the government and top regulators.

Chinese tech companies promote NFT
Earlier this month we reported in Coingape that the new English-language edition owned by Alibaba-the South China Morning Post (SCMP) – would be available for some of the most popular news. It’s a fun new way to make money with some of the most popular works of the new digital edition.

Taobao, another subsidiary of Alibaba and e-commerce giant, sold non-replaceable tokens (NFT) at the taobao Maker Festival. Works by Juan Hashan were exhibited at the Taobao festival. NFS had a large collection of 300 virtual apartments, 10 homes and 350 parking spaces in the city of Toorich, all of which sold out in minutes.

When such large companies join the NFT leader, the Sunday will likely take a strong step forward. In addition, their entry will give hope to Chinese investors trying to enter the crypto field. It could also change the entire nft landscape heading to China.

For now, the NFT gaming Sunday is evolving more rapidly. There is only Defi anger in the summer of 2020, nft anger in this summer season. The trading volume of NFT Games has risen sharply in recent weeks, with NFT tokens trading 8 times more often

Join the Discussion

  • BrokerEUR/USD
    LCG 0.3pips (variable) margin: 3.33%
    SpreadEX 0.6pips (variable) margin: 3.33%
  • Back to top