The platform is built on COL’s extensive digital library, numbering more than 5.1 million assets covering animation, drama, novels and games. Similar to other so-called digital collectible platforms in China, the Fifth Prism app is only available to those 18 years or older who reside on the Chinese mainland. — SCMP
An online publishing company backed by gaming and social media giant Tencent Holdings has launched a “digital collectibles” platform, becoming the latest Chinese firm to embrace non-fungible tokens (NFTs) even though the cryptocurrencies required to purchase them are banned in China.
COL Digital Publishing Group, in which Tencent owns a 10% stake, said it launched a platform called “the Fifth Prism”, with the first batch of digital collectibles – 500 free copies of a copper badge based on the app’s logo – taken within two minutes of their release on Monday.
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