Home Business Tencent responds to the name change of NFT: Different from overseas logic, resolutely resist illegal and illegal behaviors of virtual currency-Tencent Tencent

Tencent responds to the name change of NFT: Different from overseas logic, resolutely resist illegal and illegal behaviors of virtual currency-Tencent Tencent

by admin

As an emerging blockchain product, NFT non-homogeneous certificates have become popular recently. There are also many domestic platforms testing NFT products, but Tencent announced last week that NFT was renamed Digital Collection. Today the company responded that the logic of its own products is different from that of overseas NFTs, and it firmly resists illegal activities related to virtual currency.

The Magic Core team under Tencent’s NFT business said in an interview today,Tencent Magic Core has been committed to the digital collection business in the compliance framework. The digital collection business on the Magic Core platform adopts the user’s full-process real name and content full-link review, and does not open the transfer of digital products between users. Resist illegal activities related to virtual currency.

The business logic of Magic Core Digital Collection is completely different from the internal logic and extension of the overseas unregulated NFT business. Therefore, this change of name is once again expressing to the public the high standards and strict requirements of our business compliance.

October 23,In the Alipay applet “AntChain Fan Tablet” and Tencent’s NFT distribution platform “Magic Core” inside pages, all the words “NFT” disappeared and changed to “Digital Collection”.

According to the report, AntChain stated that we are firmly opposed to all forms of digital collection hype and resolutely resist any form of illegal activities in the name of digital collections, which are actually virtual currency-related activities.

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Ant and Tencent NFT renamed to “digital collections”, emphasizing that they do not possess the attributes of virtual currency

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