{"id":580,"date":"2021-09-07T04:26:52","date_gmt":"2021-09-07T02:26:52","guid":{"rendered":"https:\/\/sculptmania.wpengine.com\/?p=580"},"modified":"2021-09-07T12:17:06","modified_gmt":"2021-09-07T10:17:06","slug":"alibaba-tiktok-netease-join-the-craze-why-chinas-nft-market-has-seen-an-explosive-growth","status":"publish","type":"post","link":"https:\/\/sculptmania.com\/news\/alibaba-tiktok-netease-join-the-craze-why-chinas-nft-market-has-seen-an-explosive-growth\/","title":{"rendered":"Alibaba, TikTok, NetEase Join The Craze, Why China\u2019s NFT Market Has Seen An Explosive Growth"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"792\" height=\"500\" src=\"https:\/\/sculptmania.com\/wp-content\/uploads\/2021\/09\/awesd231.jpg\" alt=\"Alibaba, TikTok, NetEase Join The Craze, Why China\u2019s NFT Market Has Seen An Explosive Growth\" class=\"wp-image-581\" srcset=\"https:\/\/sculptmania.com\/wp-content\/uploads\/2021\/09\/awesd231.jpg 792w, https:\/\/sculptmania.com\/wp-content\/uploads\/2021\/09\/awesd231-300x189.jpg 300w, https:\/\/sculptmania.com\/wp-content\/uploads\/2021\/09\/awesd231-768x485.jpg 768w\" sizes=\"(max-width: 792px) 100vw, 792px\" \/><figcaption><em>Photo: bitcoinist.com<\/em><\/figcaption><\/figure>\n\n\n\n<p>According to <em><a href=\"https:\/\/bitcoinist.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">bitcoinist.com<\/a><\/em>, the NFT Craze has been reaching new levels across the world, as many big companies and players jump into the scene. Investment firm Sino Global Capital believes the sector is \u201cgrowing rapidly\u201d, predominantly in China.<\/p>\n\n\n\n<p>Companies based in the Asian Giant, such as Alibaba, visual content media agency Visual China Group (VSG), NetEase, a major internet technology company, and ByteDance, the parent company of social media platform TikTok, already announced a stake in the NFT market.<\/p>\n\n\n\n<p>This has coincided with an equally amount of participation from western companies, and high net worth individuals. The payment giant VISA recently purchased one of the NFTs that comprised popular collection CryptoPunks. This could lead to another wave of mass adoption, driven a new stage in the NFT Craze.<\/p>\n\n\n\n<p><a href=\"https:\/\/bitcoinist.com\/alibaba-tiktok-netease-join-the-craze-why-chinas-nft-market-has-seen-an-explosive-growth\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u00abRead more on <em>bitcoinist.com<\/em>..\u00bb<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to bitcoinist.com, the NFT Craze has been reaching new levels across the world, as many big companies and players jump into the scene. Investment firm Sino Global Capital believes the sector is \u201cgrowing rapidly\u201d, predominantly in China. Companies based in the Asian Giant, such as Alibaba, visual content media agency Visual China Group (VSG), NetEase, a major internet technology company, and ByteDance, the parent company of social media platform TikTok, already announced a stake in the NFT market. This has coincided with an equally amount of participation from western companies, and high net worth individuals. The payment giant VISA\u2026<\/p>\n","protected":false},"author":1,"featured_media":581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"blocksy_meta":"","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alibaba, TikTok, NetEase Join The Craze, Why China\u2019s NFT Market Has Seen An Explosive Growth - Sculptmania<\/title>\n<meta name=\"description\" content=\"Alibaba, TikTok, NetEase Join The Craze, Why China\u2019s NFT Market Has Seen An Explosive Growth: According to bitcoinist.com the NFT Craze has been reaching new levels across the world\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sculptmania.com\/news\/alibaba-tiktok-netease-join-the-craze-why-chinas-nft-market-has-seen-an-explosive-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alibaba, TikTok, NetEase Join The Craze, Why China\u2019s NFT Market Has Seen An Explosive Growth - 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