The winners of the Bilibili lucky draw can make and sell physical products based on their pigeon image, and create digital works for non-commercial purposes. In China, NFTs are branded as ‘digital collectibles’ to avoid regulatory scrutiny, and the assets cannot involve cryptocurrency. — SCMP
Video platform Bilibili is the latest Chinese tech firm to jump on the non-fungible token (NFT) bandwagon, launching its own set of digital collectibles, following in the footsteps of Alibaba Group Holding and Tencent Holdings.
Bilibili has been accepting sign-ups through Friday this week for a lucky draw to win one of 2,233 profile pictures featuring a cartoon pigeon, each with a unique design and code stored on the company’s own blockchain network, UPowerchain.
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