Ant Group NFT platform punishes 56 accounts for reselling digital collectibles, exercising caution

Feb 24, 2022 | INVESTING

Fintech giant Ant Group’s non-fungible token (NFT) platform punished 56 accounts for participating in the resale of digital collectibles for profit, highlighting a fundamental difference between the blockchain-based products in mainland China compared with the rest of the world, where they have become speculative investment assets.The platform called Topnod, which was spun off from the digital wallet Alipay, said it firmly opposes the resale in any form of digital collectibles, the term often…

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