
NetEase Media Launches Digital Collection Museum on News Platform
NetEase Media officially announced on August 5 its launch of the "NetEase News Digital Collection Museum," supported by its self-developed alliance chain "Yiwen Chain."
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NetEase Media officially announced on August 5 its launch of the "NetEase News Digital Collection Museum," supported by its self-developed alliance chain "Yiwen Chain."
Since the bankruptcy and liquidation of Terra/LUNA, stETH, and 3AC, the transaction volume of the world's NFT market has shown a downward trend. Meanwhile, China, on the other side of the ocean, is leading the digital collection market.
China's first national-level secondary trading platform for digital assets will be launched on January 1 of the new year, aimed at supporting the trade of intellectual property rights, digital copyright and digital collections.
Chinese video streaming platform Bilibili and one of its popular content uploaders jointly launched a series of customized digital collections on July 21, with a limited distribution of 5,000 copies.
On July 13, the HASHII encrypted digital print was jointly released by Inmyshow Digital, a new media marketing company, and Skyworth, a television manufacturer.
Due to the indirect shareholding of Wang Sicong, a Chinese businessman and the only son of prominent real estate magnate Wang Jianlin, MintTown has become one of the most popular digital collection platforms in China.
In a case of information sales contract dispute caused by a digital collection transaction heard by Hangzhou Internet Court in Zhejiang Province, China, it was pointed out that digital collections belong to virtual property that is protected by law.
Music streaming service provider Tencent Music Entertainment (TME) shut down its digital collection business and has transferred some team members to other departments.
On September 7, 2022, LiveArt announced its launch of "Meta-morphic," a genesis Generative Art, multi-chapter NFT collection from Huang Yuxing, a world-renowned contemporary artist.
Ever since Huanhe, a digital collection platform owned by Tencent, stopped distribution on August 16, Tencent Music Entertainment's digital collection platform has also attracted users' attention. Some have demanded a refund like Huanhe.
Since October, nearly 20 small and medium-sized digital collection platforms in China have issued announcements regarding scale-backs and liquidations, citing industry risks, low growth rates, stagnated development and other reasons.
On September 8, fintech giant Ant Group's digital collection platform Jingtan officially launched an "entity customization" function, allowing users to customize some digital collections into derivative objects.