Logo 21 Nov 2022

Tencent Music shuts down NFT arm

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On Wednesday, Chinese media reported that Tencent Music (TME) has disbanded its non-fungible token (NFT) team. 
Sound familiar? TME’s parent company Tencent also shut down its NFT platform Huanhe in August. 
There have been signs this was coming for a while now. Chinese media say TME’s NFT team...