Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

BAYC clothing line to be launched in China by Li Ning

2 min read


Li Ning, a Chinese-born sports brand based in Beijing, is about to launch a clothing line based on the design of Bored Yacht Ape Club #4102.

BAYC clothing line

The clothing and equipment line company aims to capitalize on the growing popularity of the BAYC project. The announcement of this development was made on China’s Twitter-like microblogging platform Weibo.

According to the company, BAYC-branded products will include T-shirts and caps on which BAYC images will be printed.

Li Ning is a renowned Chinese leader in sports apparel and footwear that has been around for over 30 years. The sports brand’s reputation has grown over the years to international standards. After all, the brand explores the dynamic evolution of design and technology, especially with the innovations associated with the 21st century.

The brand’s name is a reference to its founder, Li Ning, who was a world-class gymnast with 106 gold medals. The brand’s rich history and cultural integration have earned it a respectable status in the West and other parts of the world. Thus, the inclusion of Li Ning in the NFTs market is worth mentioning:

“Their foray into the world of NFTs represents a significant step in technology adoption,” said Iyke Aru.

However, Li Ning is not the only Chinese brand to venture into NFTs. In any case, his action represents a consolidation of the ongoing developments surrounding the industry in the Chinese digital asset market.

Earlier this year, Anta, another Chinese sportswear brand, released a series of digital collectibles that featured the Chinese national track and field team. Anta was an official partner of the Beijing 2022 Winter Olympics.

The NFT industry in China has attracted significant attention over the past two months. Many brands and establishments are taking on roles within the space, most involved in creating digital collectibles.

However, regulatory concerns remain a major issue among professionals in the region. However, as far as China is concerned, cryptocurrency activities remain prohibited.

Since mid-2021, there has been a serious crackdown on the cryptocurrency industry in China. This has led to the exodus of many cryptocurrency-related business and service professionals.

In China, there are still no clear regulations on how NFTs should be used. But there are several rules about what cannot be done. One such rule involves describing such assets as “digital collectibles” rather than “NFTs”.

Dogecoin price prediction 2022 – 2025

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply