China’s Ministry of Industry and Information Technology has announced its intention to create new industry standards for Web3 and non-fungible tokens (NFTs). This move signals China’s increasing involvement in the blockchain industry as the country continues to explore the potential of this emerging technology. The exact details of these standards have not been disclosed, but they are expected to provide guidance on areas such as security, privacy, and interoperability. The announcement comes at a time when Web3 and NFTs are gaining global attention, with many seeing them as key components of the future of the internet.
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