{"id":133993,"date":"2022-01-13T11:22:51","date_gmt":"2022-01-13T19:22:51","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/01\/china-reportedly-wants-to-separate-nfts-from-crypto-with-state-backed-blockchain"},"modified":"2022-01-13T11:22:51","modified_gmt":"2022-01-13T19:22:51","slug":"china-reportedly-wants-to-separate-nfts-from-crypto-with-state-backed-blockchain","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/01\/china-reportedly-wants-to-separate-nfts-from-crypto-with-state-backed-blockchain","title":{"rendered":"China Reportedly Wants to Separate NFTs from Crypto With State-Backed Blockchain"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/china-reportedly-wants-to-separate-nfts-from-crypto-with-state-backed-blockchain.jpg\"><\/a><\/p>\n<p>Allowing users to buy NFTs with fiat money.<\/p>\n<p>Cryptocurrency might be illegal in China, but that doesn\u2019t mean non-fungible tokens (NFTs) have to be.<\/p>\n<p>China is planning to separate the infrastructure used for crypto from the one used to create NFTs so that its crackdown on cryptocurrencies doesn\u2019t harm the country\u2019s NFT industry, a report from South China Morning Post reveals.<\/p>\n<p>To do this, China\u2019s government-backed Blockchain-based Service Network (BSN) is developing a new blockchain infrastructure project that allows individuals and businesses to develop and manage NFTS without using infrastructure developed for cryptocurrency.<\/p>\n<p>Full Story:<\/p>\n<hr>\n<p>China plans to separate the infrastructure used for crypto from the one used to create NFTs. Here\u2019s why.<\/p>\n<div class=\"more-link-wrapper\"> <a class=\"more-link\" href=\"https:\/\/lifeboat.com\/blog\/2022\/01\/china-reportedly-wants-to-separate-nfts-from-crypto-with-state-backed-blockchain\">Continue reading \u201cChina Reportedly Wants to Separate NFTs from Crypto With State-Backed Blockchain\u201d | &gt;<\/a><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allowing users to buy NFTs with fiat money. Cryptocurrency might be illegal in China, but that doesn\u2019t mean non-fungible tokens (NFTs) have to be. China is planning to separate the infrastructure used for crypto from the one used to create NFTs so that its crackdown on cryptocurrencies doesn\u2019t harm the country\u2019s NFT industry, a report [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3818,43,1761,1490],"tags":[],"class_list":["post-133993","post","type-post","status-publish","format-standard","hentry","category-blockchains","category-business","category-cryptocurrencies","category-government"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/133993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=133993"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/133993\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=133993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=133993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=133993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}