In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of nonfungible token (NFT) collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). Official NoticeXinhua intends to print 10,000 copies of eleven photos that were taken by journalists in 2021.

The stride into NFTs is puzzling in light of recent events in the world’s second-largest economy. Here are some examples. Crypto crackdown nationwideWhere (BTCEther (ETHChina banned (or re-exported) the mines in 1980. NFTs and metaverses are your goalsThey suggested that their surveillance should be intense. Tencent and Huawei, both tech giants, were not discouraged by the negative sentiment about cryptography.