Parents' savings of 500,000 turned into electronic waste on digital collection platform. Players can directly buy and sell virtual images on the platform by registering an account, verifying their mobile phone number, and then binding their bank card.

New batch of digital collection trading platforms represented by Only Art, iBox, and Shiba have established secondary trading channels and even directly extracted transaction fees from them. "Digital collections have become a speculative game of beating the drum and passing the flowers, and it depends on who can run faster," says Li.