NFTs (non-interchangeable tokens) are becoming an important part of the digital economy and offer unique opportunities to create and trade digital assets such as art, music, collectibles and virtual real estate. Despite strict regulation of cryptocurrencies and restrictions on access to international cryptocurrency platforms in China, interest in the NFT continues to grow. Chinese users find ways to work with NFT through various platforms, both international and local. In this article, we look at the NFT platforms available in China, their features and user experience.
1. How do the Chinese work with the NFT?
The Chinese government has imposed a number of restrictions on cryptocurrencies and platforms associated with them. However, NFTs are not subject to the same bans, and many Chinese are heavily involved in creating, buying, and selling NFTs despite limited access to Western platforms.
The NFT trading platforms available in China either allow you to bypass blockages or offer alternative ways of trading focused on the Chinese market.
2. International NFT platforms available in China
Despite the blockages of cryptocurrency exchanges and platforms in China, many Chinese users continue to work with international NFT platforms, using techniques such as VPN (virtual private network) to circumvent censorship.
2.1 OpenSea
OpenSea is the largest international NFT trading platform where users can buy, sell and create tokens. It supports a wide range of digital assets including art, collectibles, music and gaming facilities.
- How it works: Chinese users can create an account on OpenSea, use VPN to bypass locks and trade NFTs with other users around the world.
- Features: OpenSea supports a variety of cryptocurrencies and blockchains such as Ethereum and Polygon, allowing users to choose the most appropriate option for their deals.
2.2 Rarible
Rarible is another major NFT trading platform where users can not only buy and sell tokens, but also create their own NFT objects. Rarible allows users to interact with tokens and participate in the ecosystem without intermediaries.
- How it works: Rarible allows Chinese users to create NFTs and sell them directly to other users on the platform. The platform supports various blockchains, including Ethereum and Flow.
- Features: Rarible has a reward system for creators and collectors, and also actively uses g governance tokens, which makes it attractive for users interested in participating in platform management.
2.3 SuperRare
SuperRare is a dedicated platform for selling and purchasing unique artwork in the form of NFTs. It is aimed at artists and collectors who are looking for exclusive and high-quality digital works.
- How it works: On SuperRare, artists can present their works as NFTs, and collectors can purchase them on the platform. The platform has strict requirements for the quality and exclusivity of works of art.
- Features: SuperRare is known for its quality verification system, which helps to maintain high standards and uniqueness of content on the platform.
3. Local Chinese NFT platforms
Given restrictions on international platforms, Chinese users are also actively using local platforms to create and trade NFTs. These platforms are tailored to Chinese conditions and offer opportunities to work with digital assets without violating local laws.
3.1 TaoArt
TaoArt is a Chinese digital arts trading platform in the form of an NFT. It is aimed at the Chinese market and provides artists and collectors with the opportunity to exchange unique works of art.
- How it works: TaoArt provides users with a simple and convenient solution for creating, buying and selling NFTs. The platform works in collaboration with Chinese blockchains such as TaoChain, making access easier for local users.
- Features: TaoArt is actively working with Chinese artists, offers low commissions and security guarantees for deals.
3.2 Baidu Xunlei
Baidu Xunlei is a platform created by the renowned Chinese internet company Baidu. The platform allows users to create and sell NFT objects, as well as participate in digital collection projects.
- How it works: Baidu Xunlei provides users with the ability to create NFTs based on digital art, video and music using blockchain technology. The platform also supports integration with various Chinese payment systems.
- Features: Xunlei is aimed at Chinese audiences and operates in accordance with local laws, which gives Chinese users the opportunity to safely participate in NFT trading.
3.3 Mintable
Mintable is a Chinese NFT platform that allows users to create and sell unique tokens. The platform is easy to use and offers various tools for creating NFT.
- How it works: Mintable allows Chinese users to easily upload their digital works and convert them into NFTs that can be sold to other users through the platform.
- Features: Mintable supports a simple interface for beginners and offers access to a large number of NFT collectors and buyers.
4. Benefits and risks of working with NFT platforms in China
4.1 Benefits
- Wide opportunities for creation and trading: NFT platforms, both international and local, provide Chinese users with the opportunity to monetize their digital works of art, participate in collecting and invest in unique assets.
- Blocking bypass: With VPN and P2P platforms, Chinese users can access international NFT markets, expanding their trading and investment opportunities.
- Diversity of platforms: China offers both international and local NFT platforms, which allows you to choose the right environment for yourself, taking into account preferences and conditions.
4.2 Risks
- Legal restrictions: Despite growing interest, the Chinese government continues to actively control cryptocurrency and related markets. Participation in NFT trading can be associated with legal risks, especially when working with international platforms.
- Fraud risks: As in any other area, there is a risk of fraud in the NFT market, for example, with fake tokens or fake works of art.
5. Conclusion
NFT platforms available in China continue to grow, offering users unique opportunities to earn money and build digital assets. Whether the user works with international platforms via VPN or chooses Chinese similar services, the NFT market provides excellent opportunities for investors and creative people. However, it is important to be mindful of the risks associated with legal regulation and fraud, and always be careful when choosing platforms to trade and create NFTs.
1. How do the Chinese work with the NFT?
The Chinese government has imposed a number of restrictions on cryptocurrencies and platforms associated with them. However, NFTs are not subject to the same bans, and many Chinese are heavily involved in creating, buying, and selling NFTs despite limited access to Western platforms.
The NFT trading platforms available in China either allow you to bypass blockages or offer alternative ways of trading focused on the Chinese market.
2. International NFT platforms available in China
Despite the blockages of cryptocurrency exchanges and platforms in China, many Chinese users continue to work with international NFT platforms, using techniques such as VPN (virtual private network) to circumvent censorship.
2.1 OpenSea
OpenSea is the largest international NFT trading platform where users can buy, sell and create tokens. It supports a wide range of digital assets including art, collectibles, music and gaming facilities.
- How it works: Chinese users can create an account on OpenSea, use VPN to bypass locks and trade NFTs with other users around the world.
- Features: OpenSea supports a variety of cryptocurrencies and blockchains such as Ethereum and Polygon, allowing users to choose the most appropriate option for their deals.
2.2 Rarible
Rarible is another major NFT trading platform where users can not only buy and sell tokens, but also create their own NFT objects. Rarible allows users to interact with tokens and participate in the ecosystem without intermediaries.
- How it works: Rarible allows Chinese users to create NFTs and sell them directly to other users on the platform. The platform supports various blockchains, including Ethereum and Flow.
- Features: Rarible has a reward system for creators and collectors, and also actively uses g governance tokens, which makes it attractive for users interested in participating in platform management.
2.3 SuperRare
SuperRare is a dedicated platform for selling and purchasing unique artwork in the form of NFTs. It is aimed at artists and collectors who are looking for exclusive and high-quality digital works.
- How it works: On SuperRare, artists can present their works as NFTs, and collectors can purchase them on the platform. The platform has strict requirements for the quality and exclusivity of works of art.
- Features: SuperRare is known for its quality verification system, which helps to maintain high standards and uniqueness of content on the platform.
3. Local Chinese NFT platforms
Given restrictions on international platforms, Chinese users are also actively using local platforms to create and trade NFTs. These platforms are tailored to Chinese conditions and offer opportunities to work with digital assets without violating local laws.
3.1 TaoArt
TaoArt is a Chinese digital arts trading platform in the form of an NFT. It is aimed at the Chinese market and provides artists and collectors with the opportunity to exchange unique works of art.
- How it works: TaoArt provides users with a simple and convenient solution for creating, buying and selling NFTs. The platform works in collaboration with Chinese blockchains such as TaoChain, making access easier for local users.
- Features: TaoArt is actively working with Chinese artists, offers low commissions and security guarantees for deals.
3.2 Baidu Xunlei
Baidu Xunlei is a platform created by the renowned Chinese internet company Baidu. The platform allows users to create and sell NFT objects, as well as participate in digital collection projects.
- How it works: Baidu Xunlei provides users with the ability to create NFTs based on digital art, video and music using blockchain technology. The platform also supports integration with various Chinese payment systems.
- Features: Xunlei is aimed at Chinese audiences and operates in accordance with local laws, which gives Chinese users the opportunity to safely participate in NFT trading.
3.3 Mintable
Mintable is a Chinese NFT platform that allows users to create and sell unique tokens. The platform is easy to use and offers various tools for creating NFT.
- How it works: Mintable allows Chinese users to easily upload their digital works and convert them into NFTs that can be sold to other users through the platform.
- Features: Mintable supports a simple interface for beginners and offers access to a large number of NFT collectors and buyers.
4. Benefits and risks of working with NFT platforms in China
4.1 Benefits
- Wide opportunities for creation and trading: NFT platforms, both international and local, provide Chinese users with the opportunity to monetize their digital works of art, participate in collecting and invest in unique assets.
- Blocking bypass: With VPN and P2P platforms, Chinese users can access international NFT markets, expanding their trading and investment opportunities.
- Diversity of platforms: China offers both international and local NFT platforms, which allows you to choose the right environment for yourself, taking into account preferences and conditions.
4.2 Risks
- Legal restrictions: Despite growing interest, the Chinese government continues to actively control cryptocurrency and related markets. Participation in NFT trading can be associated with legal risks, especially when working with international platforms.
- Fraud risks: As in any other area, there is a risk of fraud in the NFT market, for example, with fake tokens or fake works of art.
5. Conclusion
NFT platforms available in China continue to grow, offering users unique opportunities to earn money and build digital assets. Whether the user works with international platforms via VPN or chooses Chinese similar services, the NFT market provides excellent opportunities for investors and creative people. However, it is important to be mindful of the risks associated with legal regulation and fraud, and always be careful when choosing platforms to trade and create NFTs.