News Snapshot:
Digital collectibles, China’s version of non-fungible tokens (NFTs), turned in a robust performance last week in the face of a global cryptocurrency and NFT market slump, indicating resilience among Chinese investors for the blockchain-based speculative assets. A range of digital collectibles listed on Chinese NFT marketplaces saw major gains in their market value on Friday, with many items from popular collections trading at prices 20 per cent higher than the previous day, according to data posted by Chinese NFT price tracking site NFTshipan. The highest sale price from a collection named Elf Baby, for example, touched 8,000 yuan (US$1,177) on...
