Tencent’s non-fungible token (NFT) commercial center Huanhe has not given another NFT available to be purchased in a month, the initial occasion when no new NFTs have been given for a whole month since last October.

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Fast facts

At the finish of July, neighborhood media refered to insider sources that Tencent planned to stop down Huanhe before July 24 and lay its group, due to administrative uncertainty.Tencent is thinking about setting up a NFT market abroad, an interior source said, nearby media reported.Tencent has not openly answered the closure hypothesis, nor did it answer Forkast’s solicitation for comment.In May, the Platform and Content Group, one of Tencent’s specialty units to which Huanhe has a place, started a series of cutbacks, cutting 10% of its labor force, as indicated by nearby media reports.

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