Securities code: 000681 securities abbreviation: Visual China Group Co.Ltd(000681) Announcement No.: 2021-052 vision (China) Culture Development Co., Ltd
On the launch of “meta vision” visual art digital collection platform
Voluntary information disclosure announcement
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special tips:
The meta vision platform is currently in the initial stage of launching, and the specific operation will depend on the subsequent market expansion and promotion. The company is still unable to predict the impact on the operating performance. Please make careful decisions and pay attention to preventing investment risks.
The official website (NFT. 500px. Com.. CN) and applet (meta vision Collection) of the digital collection platform of visual arts created by vision (China) Culture Development Co., Ltd. (hereinafter referred to as “the company” or ” Visual China Group Co.Ltd(000681) “) – meta vision (hereinafter referred to as “meta vision platform”) were launched today, December 26, 2021. I. background of the launch of meta vision platform
The company’s core business is visual content and services. Through the industry-leading digital copyright trading platform, the company provides efficient services based on “high-quality content + intelligent technology” for a large number of upstream and downstream contributors, users and platform parties. Over the past 20 years, the company has accumulated rich experience in the field of digital copyright and has significant advantages in copyright content, platform trading and innovative technology.
At present, the company provides 400 million pictures, 30 million videos, 350000 music and other materials. It is one of the largest similar digital content platforms in the world. The company acquired the assets of Corbis, a world-famous image library, in 2016, and acquired and operated the world’s leading photographer community 500px in 2018. At present, the company has more than 500000 contracted contributors worldwide, and has established close cooperation with more than 280 professional copyright content institutions outside China. Blockchain technology is widely used in the whole process of digital copyright production, protection and transaction. Based on this, the company decided to launch a meta vision platform based on the photographer community 500px to give full play to the deposit, sharing and coordination of blockchain
Work and trust advantages, enable the whole process of digital copyright production, protection and transaction, and realize the leapfrog development from to B to to to C.
2、 Operation mode of meta vision platform
The meta vision platform launched by the company realizes the online ownership of digital works through the blockchain, and the work owner and work information are stored on the chain to ensure that the data cannot be tampered with; At the same time, the original digital works are transformed into unique digital collections on the blockchain. Every change in the ownership of digital collections can be recorded on the blockchain, which greatly promotes the transaction and circulation of digital collections. Blockchain technology makes digital collections identifiable, easy to flow and easy to trade; Through blockchain technology, creators, consumers and participants of digital collections will be more closely connected, becoming a more active and influential creation, communication and trading platform, which will help to build a win-win mechanism for platforms, consumers and creators.
On the premise of legal compliance and compliance with regulatory policies, the meta vision platform supervises the whole process of digital collection transactions, and the platform leads the circulation of digital collections to ensure the transaction security to the greatest extent. The platform makes full use of blockchain technology to protect digital collections and their copyrights on the chain, perform content security responsibilities, and ensure the legal compliance of digital collections; The buyer and the seller of the platform must be authenticated by their real names and only support RMB transactions. The company adopts the sharing cooperation mode with the upstream creators. After signing the authorization agreement with the creators, the company will launch the digital works for sale after review, selection and scheduling, and the sales revenue obtained will be paid to the corresponding content creators according to the sharing proportion agreed in the agreement; If it is the company’s own content, the company does not need to pay a share.
3、 Impact on Listed Companies
In the future, the company will provide creators, artists, users, collectors and other related subjects with various scenarios such as collaborative creation, copyright protection and transaction realization based on blockchain trust mechanism through two platforms – Visual China Group Co.Ltd(000681) digital copyright trading platform and meta Vision digital collection platform; Provide two opportunities for creators and artists to realize, namely digital copyright authorization + digital collection sales. The company’s core business will also extend from to B to to B + to C, which is expected to have a positive impact on the company’s performance.
4、 Major risk tips
At present, the meta vision platform is in the initial stage of going online. The specific operation situation will depend on the subsequent market expansion and promotion. The number and scale of transactions are uncertain. The actual operation effect needs to be further evaluated. The operation mode of the platform may also be adjusted according to the market situation. The company is still unable to predict the impact on the operating performance. Please make careful decisions and pay attention to preventing investment risks.
The information disclosure media designated by the company are securities daily, China Securities News, Shanghai Securities News and cninfo (www.cn. Info. Com.. CN). All information of the company shall be subject to the information disclosed in the above designated media.
It is hereby announced.
Board of directors of vision (China) Culture Development Co., Ltd
December 26, 2021
