On April 1, Jay Chou posted on the social platform that his "bored ape" bayc3738nft had been stolen. "I thought April Fool's Day was joking with me, but I went to check it. It's really gone..."
Jay Chou's stolen "boring ape" is one of the hottest NFTs in the world in recent years, but its birth time is only more than a year. Its parent company is Yuga labs, with a latest valuation of US $4 billion.
It is reported that the NFT was presented to Jay Chou by Huang Licheng in January 2022. In addition, according to relevant data, after the NFT was stolen, it was traded many times at the prices of 111eth, 130eth and 155eth. At present, the value of 1eth is about $3500, and the NFT stolen by Jay Chou is worth more than $500000.
Some netizens said that this is the most expensive April Fool's Day joke, while others said that NFT is a modern version of tulip scamP align = "center" crazy NFT
NFT, fully known as non fungible tokens, or "non homogenous tokens", is a digital voucher based on blockchain technology, which can ensure the rarity and uniqueness of data in the blockchain network. It maps physical assets such as physical collections and virtual assets such as images, music and game props. Since 2021, this new concept has begun to explode all over the world.
NFT began to "break the circle" from high-priced works of art. The digital artist beeple began to draw one picture every day since 2007, and finally spliced 5000 pictures into an NFT work of art. In March 2021, it was successfully auctioned on Christie's official website for more than $69 million. While refreshing the transaction record of digital works of art, it also made the word NFT break into the public view.
The major stars also followed suit to promote the NFT fire. In 2021, the global NFT trading volume exceeded US $17.6 billion, 21 times that of 2020. It can be seen that NFT is developing rapidly in the global market.
"Boring ape" is the head product in NFT. The "boring ape" project was officially born in April 2021. This series of NFT contains 10000 ape heads. Each head has unique characteristics. Having an ape head means joining the "bored ape Yacht Club" and enjoying the benefits of the club.
When it went online, "boring ape" was priced at about $200 each. Under the celebrity effect, the price of individual NFTs was as high as $2.7 million.
Up to now, on an NFT trading platform, "boring ape" ranks first, with a total trading volume of more than US $1 billion, a total market value of more than US $3.5 billion and a trading number of more than 10000 peopleP align = "center" there are risks of speculation, money laundering and financial products
At the same time, many disadvantages of NFT are gradually emerging. Before Jay Chou's "boring ape" NFT was stolen, according to media reports, hackers invaded ronin, a blockchain company supported by axie infinity, and stole US $625 million worth of ether and US dollar stabilization currency usdc, becoming the largest robbery in the history of cryptocurrency circle.
In early February this year, a large NFT collector said on social media that his many valuable NFT collections such as bored ape Yacht Club, mutant ape yacht club and doodles NFT were stolen by hackers.
In addition to the prominent security problems, its hype is also obvious Guosen Securities Co.Ltd(002736) Research Report explained that from the perspective of the sale of NFT, the irreplaceable nature of NFT is relative. The purchase of NFT is a string of computer code and cannot obtain the physical object itself. It owns the network virtual property right of works of art. Although it is unique, objectively speaking, different public chains can issue NFT of the same works of art
In addition, the overseas NFT architecture has a monetary attribute on the fully decentralized public chain, and there are speculation problems similar to virtual currency. Moreover, its casting, issuance, sales and circulation information needs to be recorded on the chain through mining, resulting in serious energy consumption. At present, NFT of overseas platforms has not yet supported the purchase of Chinese mainland users.
Tianfeng Securities Co.Ltd(601162) 's research also shows that NFT has the problems of speculation, inability to confirm the rights of original assets and energy consumption.
On September 24, 2021, the national development and Reform Commission and other 11 departments issued the notice on regulating the "mining" activities of virtual currency, announcing that the "mining" activities of virtual currency will be officially listed as an eliminated industry. Although NFT is different from virtual currency, in view of the similar blockchain technology foundation between NFT and homogeneous token application, and the risks of NFT such as speculation, money laundering and financial productization, Xinda Securities Research Report believes that with the promotion and popularity of NFT application, there will be regulatory intervention in the casting, issuance, sales and circulation of NFT in the future, and the legal nature, transaction mode, supervision subject and supervision mode of NFT will be gradually clarified.
In October 2021, the leading publisher was the National Copyright Trading Center Alliance, and the self discipline Convention for digital cultural and creative industry formulated with the participation of China Academy of fine arts, Hunan Museum and ant group was officially released, And put forward "resolutely resist any form of virtual currency issuance and speculation with digital cultural and creative works as a gimmick; resolutely resist any form of malicious speculation on the price of digital cultural and creative works, and prevent speculation and financial risks".
Chinese enterprises such as Tencent, Alibaba and Baidu have begun to try in the field of NFT. Their products are mainly NFT collections, providing digital collections such as pictures and audio. However, in order to avoid speculation related factors, NFT collections issued by Chinese enterprises do not support secondary transactions between users. Moreover, in an interview with the regulatory authorities in October 2021, platforms such as Tencent's magic core and Alibaba's whale probe (original ant chain vermicelli) completely deleted the word "NFT" and changed it to "digital collection".
The people's daily previously commented that "at present, China has not made clear the legal nature, transaction mode, supervision subject and supervision mode of NFT. NFT has risks such as speculation, money laundering and financial productization. We should be cautious about NFT investment and be vigilant against the financial scam of 'drum beating and flower spreading'."
