MangoTV NFT, a Chinese video streaming service, sells out in seconds

On Monday, MangoTV, a Chinese video streaming platform with 50.4 million members, debuted its non-fungible token (NFT) marketplace, with the first batch of collectibles selling out in seconds.

MangoTV, which is operated by the Hunan Broadcasting System and has 204 million monthly active users. Of course, is China’s fourth most popular streaming platform.

Users must be at least 14 years old to purchase NFTs on MangoTV’s platform. That’s, as long as they offer actual names, ID numbers, and facial authentication.

The platform does not allow for the resale of NFTs.

Since state media lashed out at the speculative nature of NFTs, both commercial. Then, and public-owned NFT markets in China have implemented self-regulation on their platforms.

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