It is not the first time that the platform has detonated the digital collection circle with such news. In mid-May, the number of digital collections in its market soared by 1000 times, and many digital collections sold for tens of millions of dollars. But then the platform claimed that the price fluctuation was a hacker attack and bought digital collections with false balances.
Tianshuzang was founded in June 5438+this year 10, and went online in April. In just a few months, I smoked more than one million. This popularity is just the tip of the iceberg of domestic digital collection. While the bubble of foreign digital collection burst, the hype of domestic digital collection suddenly began.
What is digital collection? Digital assets themselves are a piece of code, such as words, sounds, digital paintings, digital models, videos and other digital assets, which all exist in the form of codes in computers. Codes can be copied, and once digital assets are copied, the value of digital assets is diluted. NFT technology of blockchain solves the problem of unlimited copy of digital assets. NFT, also known as heterogeneous token, is a unique, indivisible and unrepeatable encryption token. Due to the non-replicability, uniqueness and indivisibility of NFT, as long as digital assets correspond to NFT, digital assets will also obtain non-replicability, uniqueness and indivisibility.
Digital collection itself is the combination of digital assets and NFT, and the non-replicability, uniqueness and indivisibility of NFT strengthen the scarcity of digital assets. Once scarce, digital assets have the possibility of price speculation.
Speculation cases of foreign digital collections are not uncommon, such as cryptopunk project, cryptocat project, boring ape yacht club project and so on. These projects did create a price myth in the course of operation, but most NFT digital collection projects experienced a sharp drop in prices only a few months after their popularity.
Among them, the encrypted cat project started from February 20 17, and the average price of each cat was 40 dollars at the hottest time, but by June 20 18, the average price of each cat was only 5 dollars. In addition, in 20021year, Jack Dorsey, the founder of Twitter, sold the first tweet NFT for $2.9 million, but now the re-auction bid for this tweet is only $280.
Why do the prices of digital collections go up and down? I think there are three reasons:
First, the story of "tulip bubble" is not uncommon in human history. The essence of the digital collection bubble is that the major currencies in Europe and America adopt extremely loose policies. Before this round of global central bank interest rate hike, the central banks of major currencies in the world, including the US dollar, the euro, the British pound and the Japanese yen, were adopting a zero interest rate policy. The easing policy has led to a continuous surge in hot money in the past few years. The price bubble of digital collection is the result of hot money overflow from European and American central banks. At present, the global central bank has entered the cycle of raising interest rates. In May, the federal funds rate range of the Federal Reserve increased to 0.75% to 1%. When the tide receded, the "naked swimmers" in the speculative digital collection began to surface. Overseas digital collections have entered the stage of "defoaming".
Third, NFT cannot completely eliminate plagiarism. Digital collections cannot be copied by code, but digital collections can be copied. For example, a virtual avatar is valuable because we can't copy files in NFT, but we can take screenshots, add a photo frame to the avatar after the screenshot, then correspond to NFT and sell it, which makes it difficult to establish the scarcity of digital collections under NFT.
The bubble of digital collection is bursting. Why are there so many problems in China's digital collection hype?
Speculators in digital collections use the lag of domestic investors' information and foreign digital collections to "stir up cold rice" in the past, and use foreign wealth stories to lure domestic investors with asymmetric information into the market in order to seek ill-gotten gains and cut the leeks of domestic retail investors.
For the chaos of digital collections in China, it is necessary to strengthen supervision and improve legislation at the national level. NFT technology is a tool. Using the characteristics of tools, NFT technology can be combined with intellectual property protection and used reasonably. However, it is not enough to rely solely on individuals.
Related Q&A: What if the transaction cat receives the bid? After accepting it, wait for the buyer to take pictures. If you chat with the buyer, you can inform him. Generally speaking, the buyer's bid is the price given after discussion with the seller.