Huanhe platform owned by Tencent will no longer sell NFT

Tencent said it wants to focus on its core strategy and is therefore “making adjustments to the Huanhe business. She added that users can still store tokens on the platform and request a refund.

Rumors that Tencent is preparing to completely shut down Huanhe appeared at the end of July shortly after the company abandoned the NFT functions in Tencent News. It is assumed that Tencent’s actions are related to the increasing control over NFT in China.


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