The popular impression of the concept of the meta universe in the eyes of the public is being revised.
Virtual shoes, virtual real estate, virtual clothing, virtual bags, virtual toys… Almost can be described as “everything can be a meta universe”. With the influx of giants, capital hunting, investors’ enthusiasm, all walks of life revel in the concept of meta universe.
However, on February 22, China’s yuan universe concept stocks fell sharply. Before that, there was also a thunderstorm in foreign meta universe concept stocks. The fire of the meta universe began to cool down
cooling
Chinese yuan universe concept stocks fell sharply. As of the afternoon closing of February 22, A-Shares Hylink Digital Solution Co.Ltd(603825) (603825) fell by more than 8%; A shares Shenzhen Zqgame Co.Ltd(300052) (300052), Beijing Yuanlong Yato Culture Dissemination Co.Ltd(002878) (002878) fell by more than 7%; A shares Col Digital Publishing Group Co.Ltd(300364) (300364), Silkroad Visual Technology Co.Ltd(300556) (300556) fell more than 6%. In addition, A-Shares Newcapec Electronics Co.Ltd(300248) (300248), Mango Excellent Media Co.Ltd(300413) (300413), etc; Hong Kong stocks such as chizicheng Technology (09911), Xinxin company (02400) and baineng group (01263) fell by more than 5%, and Hong Kong stocks China Mobile Game (00302) fell by more than 4%.
Previously, foreign meta universe concept stocks also appeared “thunderstorms” one after another. Among them, meta’s share price plunged 26% on February 3 after the disclosure of the fourth quarter financial report of 2021, and its market value evaporated $251 billion. As of February 22, roblox’s share price, the “first stock of the universe”, has fallen by about half of its peak value.
Metauniverse is regarded as the next 20-year wave of innovation after the mobile Internet, but at this time, many problems in the development of metauniverse are still in front of us.
“The concept of meta universe is still in its infancy. Due to the large technical challenges and the lack of large-scale application scenarios, it is more challenging than the rise of the Internet concept. Although there are giants such as meta as supporters, it is still a blocked and long track.” Zhang Lijin, senior researcher and investor of big data mining and social computing center of Communication University of China, told the reporter of economic observer.
Zhang Lijin believes that the shock of yuanuniverse concept stocks is expected to continue in the future, and finally have to return to the fundamental factors such as industrial application, market space and liquidity.
“Metauniverse is a higher-order Internet form. At present, we often get stuck in remote video conferences. It’s too early to talk about metauniverse.” Chen Longqiang, Chief Strategic Officer of Baixin bank, told the reporter of economic observation network that yuancosmos has very high requirements for network, computing power and software and hardware environment. At present, it is only partial application. “We should respect the development law of objective things. Yuancosmos industry is still in a very early stage.”
Zhang Lijin said that with the superposition of epidemic factors and the concept fire of Yuan universe, the early industry participants were mixed, and there were no lack of false projects and transactions that rubbed hot spots. Non professional investment institutions and investors are difficult to make accurate judgments due to factors such as knowledge reserves and industrial experience (the technology, art and industrial knowledge included in the meta universe is too broad), and even directly link games and marketing events to the concept of the meta universe.
The day before the sharp decline of yuancosmos concept stocks, as of February 21, the collective application for “yuancosmos” related trademarks of many enterprises, including Tencent, Netease, Huawei, xiaohongshu and iqiyi, was rejected. In this regard, the State Intellectual Property Office pointed out that it resolutely opposes and severely crack down on the malicious registration of trademarks such as “rubbing hot spots” and not hoarding for the purpose of use. A data provided by the State Intellectual Property Office is that up to now, there are about 16000 trademark applications related to “yuanuniverse” and “metaverse” in the trademark database.
“The State Intellectual Property Office’s strengthened management of the concept of meta universe in the field of trademark application is conducive to avoiding some pure speculation.” Cui Lili, executive director of the E-commerce Research Institute of Shanghai University of Finance and economics, told the economic observer.
Cui Lili saw that in the past, when some concepts, proper nouns and stars became popular, some speculators often rush to register relevant trademarks, names and domain names, which also caused a lot of trouble to businesses that really carried out business activities. “So from the perspective of the action of the Intellectual Property Office, it can at least reduce the speculation and speculation of a swarm of people, and reduce the business costs of enterprises that really want to develop in this field.” Cui Lili said.
Coincidentally, on the same day, the yuan universe industry self-discipline convention (to be adopted at the first plenary session of the first session) was released on the official website of Yuan universe Industry Committee of China Mobile Communication Federation. The Convention proposes that the yuan universe business should base itself on serving the real economy and resolutely resist the use of the concept of the yuan universe hot spot for capital speculation so as to avoid the formation of a market bubble.
In this regard, Cui Lili said that the binding force of the industrial self-discipline convention is not so strong. It just forms a consensus from the perspective of the healthy development of industrial norms, puts forward an attitude and advocates a more rigorous industrial development
rectification
Earlier, on February 18, the CBRC issued a notice on preventing the risk of illegal fund-raising in the name of “meta universe”, which is also the first regulatory instruction of meta universe in China.
According to Zhang Gang, the chief analyst of Southwest Securities Co.Ltd(600369) , the main reason for the series of policies and measures issued for the regulation and rectification of metauniverse is that the theme and trademark of metauniverse are abused, such as hoarding registration, as well as illegal and criminal acts in the financial field.
Zhang Gang told the economic observer that the industry of metauniverse or virtual reality itself has been advancing step by step. On the one hand, there have been some progress, but there are also technical obstacles. It can be said that metauniverse is not a new technological leap and breakthrough, and this industry has not yet produced qualitative changes.
Zhang Gang believes that the current rush to register trademarks with the theme of Yuan universe, speculation in the stock market, and even fraud, illegal fund-raising and the sale of some illegal tokens are not only a kind of disenchantment from reality to falsehood, but also create a lot of financial traps for a large number of residents.
“Supporting the development of this field in industry does not mean supporting relevant financial products. Most residents in the meta universe do not have many people with professional knowledge in the field of science and technology. Therefore, it is very necessary to strengthen the clean-up and rectification of these illegal acts or violations.” Zhang Gang said.
Zhang gang saw that in the financial field, some listed companies contributed to the sharp rise of share prices with the help of meta universe strategic cooperation with some companies. “The relevant measures formulated by the government are very timely, and also out of the protection of the majority of residents to avoid being deceived. I think the supervision in the financial field needs to be further strengthened and standardized.”
Chen Longqiang also told reporters that the risk tips of the CIRC were very timely and accurate. Chain tour, virtual currency, virtual real estate and other illegal fund-raising under the banner of “Yuan universe” are traditional scams of replacing flowers and trees, which do some harm to Yuan universe itself. At this stage, industry and capital should focus on the core technology breakthroughs and scenario applications of the meta universe, such as AI chips, block chains, virtual digital people, etc., and should not be financialized too early.
