Digital collectibles purchased for 100000 yuan have become "scrap" Experts: Introduce relevant regulations to promote "regulatory sandbox"
2024-04-09
100000 yuan went to waste! Mr. Sun, from Zhejiang, recently recalled his experience of purchasing digital collectibles with great regret: he has been investing 100000 yuan to purchase digital collectibles since last year. However, due to the platform's mandatory replacement, his digital collectibles have become "pledge cards" (a type of image collection with a large circulation but low value, usually used to synthesize higher value digital collectibles, which cannot be traded normally), "equivalent to scrap.". Digital collectibles originate from the concept of Non Fungible Token (NFT), which uses blockchain technology to generate unique digital credentials for specific works, artworks, etc., and achieves authentic and trustworthy digital distribution, purchase, collection, and use while protecting their digital copyright. In recent years, the digital collectibles industry has been continuously developing and growing. According to data, there are over 1400 digital collectibles platforms in China. The gameplay of these platforms is diverse, including "panic buying", "blind box", "airdrop", "synthesis", "exchange", "point redemption", etc., and there are many traps hidden behind these fancy gameplay. For example, under the guise of increasing the value of digital collectibles, the platform encourages players to participate in activities and exchange their digital collectibles for "pledge cards"; Collectibles under the names of players who do not participate in the activity will be forcibly removed or exchanged for other worthless collectible fragments by the platform. A reporter from the Legal Daily found in an interview that many consumers of digital collectibles have complained about the inability to redeem points, platform synthesis activities being fraudulent, and inducing blind box purchases. On third-party complaint platforms, there are over 3000 complaints related to digital collectibles. At the same time, in the process of trading digital collectibles, there are frequent issues of price speculation, false advertising, infringement, and even major risk events such as illegal fundraising and fraud. Industry experts point out that the current laws and regulations related to China's digital collectibles market are not perfect, leading to frequent infringement and chaos in the digital collectibles market. It is recommended to clarify the issuing entity and circulation rules of digital collectibles, severely punish illegal fundraising, money laundering and other criminal activities using digital collectibles, innovate regulatory methods, increase inspection efforts, establish integrity records of digital collectibles, and regulate platform behavior. "A picture with a starting price of 4000 yuan can be sold for 80000 yuan in just two days," Mr. Zhang, a player of the "HOTDOG" digital collectibles platform, told reporters. The reporter randomly clicked on a price chart of a digital collectible on the platform, where the red and green lines crossed, with the red line representing the highest price and the green line representing the lowest price. Within a minute, the price of the collection increased from 380 yuan to 415 yuan, but within an hour, the price dropped again to 388 yuan. The platform also offers consignment services, allowing players to directly resell digital collectibles through the platform. The reporter found in the interview that many digital collectibles applications have been opened for trading. Taking "Whale Detective" as an example, when asked by the customer service if digital collectibles can be resold, the response received was "No digital collectibles can be resold, hyped, traded off the exchange, defrauded, or used in any other illegal way.". And when the reporter joined the communication group in the name of a player, he saw that the group was filled with a large number of players
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