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China rolls back crypto ban

China rolls back crypto ban for TikTok NFT launch.

China's TikTok is announcing its first NFT collection with top celebrities and crypto artists like Lil Nas X, Grimes, Bella Poarch, Brittany Broski and more.

TikTok, known in China as Douyin, is a video-sharing focused social networking service owned by Chinese company ByteDance.

The collection will feature six TikTok videos as one-of-one NFTs, as well as a set of limited edition NFTs inspired by major cultural moments from TikTok, the company said. Lil Nas X, in collaboration with the artist Rudy Willingham, will be the first to put his NFT up for sale on Oct. 6.

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