Recently, a large number of wechat announcement numbers of digital collection platforms were exposed and suddenly banned. Previously, Tencent wechat officials had just removed several digital collection platform applets.
Although the transaction volume of overseas NFT collections reached a record of more than $23 billion in 2021, NFT is controversial all over the world due to the regulatory scale and nature standards. And there are risks such as speculation, money laundering and financial products in China. Therefore, at present, the focus of digital collections on Chinese platforms is on collection attributes rather than financial attributes.
multiple digital collection official account was banned
The official account of several digital collection platforms has been banned overnight, according to the interface news. There are more than ten platforms involved, all of which are small and medium-sized digital collection platforms, while Tencent magic core and other head platforms are not affected.
According to incomplete statistics, the public numbers including Art Meta yuan yuan, one point Tibetan, Tibetan yuan universe, painting Meta, Yuan Ben, Shen Da Mio, One Meta, zero earth, iBox and nuofang are banned official account. And most platforms are prompted as "complaints from users and reviewed by the platform, there are acts of publishing, disseminating or engaging in relevant business activities without obtaining legal licenses or licenses, and the account has been stopped". Some platforms are banned on suspicion of fraud.
In addition to the measures, some digital collection platforms have received the official account verification reminder of WeChat. They request the platform to submit the qualification certificate for the relevant business activities before April 1st, otherwise they will face the risk of the public No.
It is understood that after the previous wechat applet was removed from the digital collection platform, wechat once again renovated the field of digital collections. In this large-scale ban, the wechat platform mainly detects the "NFT digital collection transaction" business, not the digital collection itself.
wechat response: standardized rectification
In response, Tencent WeChat team responded on 30 th, according to relevant laws and regulations, in order to prevent the risk of speculation in virtual currency trading, WeChat public platform recently standardized and publicized the official account and the small program of the two digital collection.
specific measures include:
The official account: the official account of the digital collection display and the first class transaction only requires the cooperation certificate of the block chain company that has been registered and endorsed by the national network office. It is not a support for the provision of two level transaction as a certificate of qualification.
Applet: at present, the applet only supports digital collection display and first-class gift. Digital collection transaction and multi-level circulation belong to the unopened scope. If confrontation behaviors such as bypassing are found, they will be banned or removed from the shelf according to the degree of violation.
Subsequently, the platform will also pay close attention to the industry trends and relevant regulations, and further improve and adjust the rules.
China platform de financial attribute
Digital collections are more called NFT in foreign countries, that is, non-homogeneous token.
With the fire of the concept of meta universe, NFT also rose in 2021. Cryptopunks, bored ape Yacht Club (bayc) and art blocks have become popular NFT, and attracted international giants such as Coca Cola, Gucci, Nike and Adidas.
According to dappradar, the transaction volume of NFT exceeded $23 billion in 2021, of which the reserve market value of the top 100 NFT collections reached $16.7 billionP align = "center" source: dappradar
According to the data, in January 2022, the transaction volume of opensea, the world's largest NFT trading platform, was US $4.491 billion, the transaction volume increased to 2816300 times, and there were 46800 daily trading users, another record high.
NFT is also booming in China. Since last year, Internet giants including Tencent, Alibaba, Netease and Baidu have joined the game. Among them, ant group established the digital collection platform "whale exploration" in August last year, and Tencent also launched the "magic core" platform in the same period.
However, it is worth noting that the Chinese platform uses the term "digital collection" more and greatly weakens its financial attribute. Take "whale probe" and "magic core" as examples. At present, both platforms have issued digital collections, but neither of them allows resale transactions of digital collections.
Among them, the "whale probe" platform has opened the "free resale" function, but opposes any form of resale. It believes that this behavior often has the risk of fraud and is easy to cause bad speculation, which is contrary to the positioning of digital collections. Since this year, the platform has also taken measures to rectify the OTC trading and speculation of digital collections for many times.
On February 22 this year, "whale probe" officially issued a punishment announcement on illegal users, saying that it found that some users had illegal transactions outside the platform, and restricted the transfer function of 56 users. It also said that the punishment was implemented according to the ant chain digital collection platform user agreement, which includes "if whale detective receives a complaint or report, or through other channels, after reasonable judgment that you have engaged in the resale of digital collections, we have the right to impose punishment according to your specific behavior and circumstances."
Ant chain, which provides technical support for "whale exploration", has also publicly expressed its firm opposition to all forms of digital collection speculation and resolutely resisted any form of illegal activities in the name of digital collections, which are actually activities related to virtual currency; Resolutely resist any form of malicious speculation on the commodity price of digital collections, and use technical means to ensure that the commodity price reflects the reasonable demand of the market; We will resolutely resist any form of illegal activities such as equity trading and standardized contract trading of digital collections, and oppose the financial productization of digital collections.
The people's daily once commented that at present, China has not made clear the legal nature, transaction mode, supervision subject and supervision mode of NFT. There are risks such as speculation, money laundering and financial productization in NFT. We should be cautious about NFT investment and be vigilant against the financial scam of "drum beating and flower spreading". It is reported that the collection of an overseas NFT collector was stolen within a few minutes, with a loss of more than $2.7 million (about 17.28 million yuan).
As for the development of digital collections in China, Citic Securities Company Limited(600030) said that the technical characteristics of NFT make it a possible solution to the problem of digital assets, but many problems such as commercialization and follow-up development path are not clear, so we also need to pay close attention to the market uncertainty and the guidance of policy supervision.
Cinda Securities pointed out in the research report that the development path of NFT in China will follow a business model different from that of overseas markets, explore a monetized development path from the perspective of copyright protection and asset confirmation, and explore and establish Chinese rules and standards in the issuance, sales and circulation of digital collectionscenter>
