• Chinese video streamer MangoTV NFT sells out in seconds

  • MangoTV, a Chinese video streaming platform with 50.4 million subscribers, launched its non-fungible token (NFT) marketplace on Monday, as its first batch of collectibles sold out within seconds since opening.

    MangoTV is owned by the state-backed Hunan Broadcasting System and is the fourth most popular streaming platform in China, with 204 million monthly active users.

    MangoTV’s NFT marketplace requires users to be at least 14 years of age to buy NFTs on its platform, as long as they provide real names, ID numbers, and face authentication.

    NFT resales are not permitted on the platform.

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