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Chinese NFT Marketplace Jingtan Eases Asset Transfer Restrictions

Jingtan, Alibaba affiliate Ant Group’s non-fungible token (NFT) marketplace, has relaxed transfer rules that mandate users to hold on to newly purchased assets for a specified period as part of Wednesday’s platform update.

Jingtan has reduced the native lock period for primary transfers, or when users send free NFTs to other customers, to 90 days from the previous 180 days.

The marketplace has also removed the 720-day transfer restriction on secondary transfer for users that were gifted “digital collectibles” – a local euphemism for NFTs.

(By TOM ZUO)

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