News Snapshot:
“# Chinese Communist Party warn of NFT hype bubble ” The story was first released locally by the Securities Times — a news publication service acting as a spokesperson for the official Chinese Communist Party outlet People’s Daily — and reported by the South Morning China Post. The remarks claimed that “it is common sense that there is a huge bubble in NFT transactions”, and that most NFT buyers solely focus on the value of the assets when acquiring with a financial motive, rather than appreciating the visual qualities of the piece. Staff reporter for the SMCP, Wang Junhui writes:...
