In a nutshell: It seems non-fungible tokens are having a hard time everywhere, but the struggle they’re facing in China is less to do with apathy and crashing crypto prices and more the fault of tight government regulations. The scrutiny has led to tech giant Tencent Holdings deciding that its NFT platform, Huanhe, is more trouble than it’s worth and will be closed down soon.

Heavy NFT regulations in China lead to Tencent closing its marketplace a year after launch comes via ChinaTechNews.com.