Nature's NFTs? How These Companies Fractionalize Rare Woods From Trees For Global Trade - Geely Automobile Hldgs (OTC:GELYF)

Chinese companies are tokenizing rare Huanghuali trees and other commodities in an effort to address liquidity issues facing various industries.Digital Tokens For Scarce ResourcesFirms located on Hainan, a tropical island in China, are capturing images of Huanghuali trees, a scarce species of rosewood, to transform them into digital assets, as reported by Reuters.Zhao Xiaobao, the Hainan representative for Geely Technology Group, a subsidiary of Chinese automaker Geely Automobile Holdings (OTC:GELYF), expre ...