The Chinese city of Wuhan has reportedly scrapped its plan to list non-fungible tokens (NFTs) as one of the tools to cushion the effect of the COVID-19 pandemic on the Chinese economy.

Wuhan had before Announced his plans to give full support to the metaverse and NFT as one of the economic measures that will rejuvenate the city’s economy after the pandemic has ruined it.

The initial draft of the Wuhan industrial plan for the development of the metaverse economy included a line explicitly mentioning NFTs. However, it has been reported by the South China Morning Post that this part of NFT that was initially included has now been omitted from the revised version of the draft. Although NFTs were excluded, the revised version admitted the metaverse, encouraging companies…