In Depth: The Uncertain Future of NFTs in China

Last year saw the non-fungible token, or NFT, break into the mainstream, as hype over the volatile market for pixelated artworks pushed sales into the billions.

While speculative investing in cartoon apes and other works of variable artistic merit has captured the most attention, industry observers say that the underlying technology could perhaps offer long-term value if companies look to deliver solutions to a wider range of practical problems.