Mango TV set to Launch NFT Platform

Mango TV is a Chinese state-owned media company, and it recently announced  plans to launch its NFT platform before the end of March

Mango TV: Everyone wants in on the NFT action

Mango TV was established in 2006, and it is controlled by Hunan Broadcasting System, a Chinese state-owned media company. This company specializes in curating online videos. On this platform, you can expect most of the content presented in traditional TV channels and copyright works from its parent company, Hunan Broadcasting System, and more other related companies.

It might not seem like it at first glance, but Mango TV is a tech-heavy media company, and it has built its blockchain known as Guangmang Chain. Mango TV’s recent NFT announcement might come as a surprise to many people outside China, but few people familiar with the Chinese NFT space are surprised by this development.

If the NFT platform launch goes according to plan, Mango TV will be the first state-owned enterprise to operate an NFT platform. If you’re interested in the Mango TV project and are intrigued by the collectibles available for people to invest in, you should know the following. Digital collectibles from Mango TV will reportedly be based on the company’s existing IP holdings.

Additionally, Mango TV representatives shared that as time goes on, the company will remain open to working with new IP partners to produce a diversified range of digital collectibles options for users.

China’s NFT Regulations

China is the largest country to either ban cryptocurrencies or restrict their usage; the crackdown came in 2021 in the middle of the NFT craze.

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