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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.
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.
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.
This week: Tencent halts sales on its NFT platform Huanhe amid regulatory scrutiny, Huobi founder to sell majority stake in the exchange at a $3 billion valuation, China shuts down 12,000 crypto-related social media accounts, and more.