Commemorating its 100th year, the Communist Youth League of China dives into the NFT trend.
These NFTs are not confined to the elite; indeed, the future cadre of communist leaders from the Youth League is now stepping into this digital space. adopted To mark its centenary, the Youth League has launched NFTs for public engagement.
In a bold move on Wednesday, the league introduced 54,000 complimentary NFTs, which were completely minted within an hour. Among these digital artworks is Tuanbao, a whimsical mascot adorned with two communist stars on its anime-inspired head, emblematic of the ruling Chinese Communist Party (CCP).
The creation of these NFTs came from Hangzhou ShunWang Technology, a developer specializing in blockchain technology.
These digital collectibles made their debut on May 4, a significant day in China known as Youth Day, which also pays homage to the student protests against the Treaty of Versailles that occurred shortly after World War I in 1919.
As part of the Youth Day festivities, the prestigious Peking University unveiled 20,000 NFTs styled as alumni cards, also celebrating its 124-year history.
Alibaba's financial arm, Ant Group, alongside gaming powerhouse Tencent, were pioneers in the Chinese NFT landscape, rolling out their first digital collectibles last summer.
Chinese regulations surrounding digital assets are notably stringent; trading in cryptocurrencies and NFTs is prohibited. In March, Tencent's WeChat platform halted accounts promoting digital collectibles, while Ant Group's Topnod penalized over 50 accounts tied to NFT resale activities.
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