ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

NFTs in China and their uncertain future: An in-depth report

Regulatory caution, crypto-hostility, no secondary market hold back cartoon apes

Visitors take in "HOLD ONTO YOUR BITCOIN" by Gustav Szabo, known as Szabotage, in Hong Kong, China, in September 2021. The art will be converted into NFTs and auctioned online by Sotheby's.   © Reuters

Last year saw the non-fungible token, or NFT, break into the mainstream, as hype over the volatile market for digital keys to pixilated artworks pushed sales into the billions.

While speculative investing in cartoon apes and other works of variable artistic merit has captured the most attention, industry observers say that the underlying technology could perhaps offer long-term value if companies look to deliver solutions to a wider range of practical problems.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more