NFT platforms in China grows 5x in 4 months despite government warnings

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    Even though the Chinese government warned about the risks of investing in NFTs, the number of digital collectibles-focused platforms grew to more than 500, which is five times more than in February. Local Chinese news sources say that the growth is due to the growing interest in NFTs in China. Tech giants like Tencent and Alibaba are also interested in NFTs and have recently filed trademark patents for their own products.

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