China to roll out first national ‘digital asset’ marketplace

China is preparing to launch its first state-backed non-fungible token (NFT) marketplace as it continues to embrace blockchain technology, according to media reports.

Dubbed the ‘China Digital Asset Trading Platform’, the NFT platform will be launched in Beijing on January 1, 2023. The platform will be a secondary market allowing users to trade digital copyrights, property rights, and collectibles.

It will reportedly be run by the state-owned China Technology Exchange in collaboration with the government-backed Art Exhibitions China and a private company, Huban Digital Copyrights.