Li Ning China’s Sports Brand To Showcase Bored Ape Yacht Club

Li Ning, a major Chinese sportswear and equipment company based in Beijing. Is planning to release a clothing line featuring images of the Bored Ape Yacht Club #4102.

As the company seeks to capitalize on the growing popularity of non-fungible tokens (NFTs)..

What You Need To Know

Li Ning said Sunday on Weibo, China’s Twitter-like microblogging platform. That it will sell T-shirts and caps with prints of the BAYC graphic.

iexclusivenews Nigeria understands that the brand’s retail sales increased roughly 30% year over year in the first quarter of this year, according to a report to the Hong Kong Stock Exchange last week.

Anta, a Chinese sportswear company that was an official partner of the Beijing 2022 Winter Olympics. Joined the NFT bandwagon earlier this year. By releasing a series of digital collectibles featuring the national athletic team.

Although China has yet to establish clear restrictions for NFT trading. State media have published opinion articles warning of hype and exaggeration that could harm the market’s development.

China’s banking and securities lobbyists urged members to “resolutely halt” the “financialization and securitization” wave of NFTs earlier this month.