November 30, 2022
By Anjali Kochhar
The pictures taken from protests against China’s zero-Covid policy across the mainland are now for sale on OpenSea, the largest NFT marketplace, as non-fungible tokens (NFT).
A Polygon-based NFT collection of 135 photos titled “Silent Speech” captures the protests with a starting bid of 0.01 ETH (US$11.74) in a seven-day auction that started on Sunday.
Another NFT collection, Blank Paper Movement, consists of 24 stylized images mainly featuring crowds of protesters holding blank papers, symbolizing suppression of free speech.
According to Investopedia, Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency.
This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can serve as a medium for commercial transactions.
Protests erupted after a deadly fire last Thursday in Urumqi, the capital city of China’s north western province Xinjiang, as citizens subsequently rushed to the streets and the internet to voice their anger and doubts about zero-Covid lockdowns.
The city’s government placed some blame for the tragedy on the victims’ inability to save themselves, which accelerated the expansion of the protests.
Over the weekend, massive protests broke out in the streets of China’s major cities, including Urumqi, Beijing, Shanghai, Wuhan and Guangzhou.
According to the local media, students in at least 79 universities in 15 Chinese provinces have reportedly engaged in public protests or small-scale mournings.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.