Paintings by Thai artists that can be purchased as non-fungible tokens (NFTs). Cryptocurrencies and NFTs used in blockchain-based virtual world games surged in 2021 as speculators piled in to digital assets and the metaverse became a tech buzzword. File photo: AFP.
WeChat, the Chinese social media platform, has banned secondary trading in non-fungible tokens (NFTs), the South China Morning Post reported.
The move by the Tencent-owned site is in reaction to a government edict that bans speculation in NFTs and other digital assets, the Hong Kong paper said.
Read the full report: South China Morning Post.
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