Borrowed tens of thousands of yuan to buy but suffered blood loss
After frying shoes, young people have been plotted against "digital collections" again?
May 24, 2022 Chengdu Commercial Daily Electronic Edition
For most people, "digital collection" is an unfamiliar concept, but it is a hot topic among young people after 95 or even 00.
It used to be hot for fried shoes, but now it is hot for fried digital collections (NFT).
According to the reporter's understanding, NFT (Non-Fungible Token) refers to non-fungible tokens, in the form of digital pictures, music, videos, 3D models, digital souvenirs, etc., and is widely known as "digital collections".
As digital collections become popular among young people, "Dark Thunder" is also exploding one by one.
The initial price of dozens of yuan was smashed to tens of thousands of yuan, but in the end, because no one took over the order, the digital collections such as "Niu Tau Ma" and "Dunhuang Famous Paintings" that had been snapped up with great effort turned into bubbles in an instant and could only be smashed in. In hand or sell at low price.
However, because digital collections are "fresh things" that have only appeared in China in recent years, there is a gap in market supervision.
investor
Looking forward to "get rich overnight", borrow money to invest after tasting the sweetness
A year ago, Xiaobai, a college student in Suzhou, came into contact with the concept of "digital collection" for the first time.
He learned from his classmates that digital collections, in short, some digital pictures, videos, and music, are different from physical collections and can be regarded as virtual collections.
And it is this kind of collection that can achieve "get rich overnight", and the monthly living expenses can be doubled several times.
The specific operation is also very simple, that is, go to a special digital collection platform and buy the kind of "collectibles" that seem to sell well and have a relatively large room for appreciation.
As for how to choose the goods, the classmates introduced Xiaobai into the community of the digital collection platform, and some people will publish the digital collections that are about to be sold or relatively rare, "follow everyone to buy it."
When he first stepped into this circle, Xiaobai would spend time on the platform every day to snap up limited digital collections. Occasionally, he was lucky enough to grab them, and then resell them at a high price. He once earned 4,000 yuan.
4,000 yuan is not a small sweetness for college students.
So, Xiaobai borrowed 20,000 yuan from a friend, misappropriated 2,000 yuan of Huabei from Alipay, borrowed 8,000 yuan in installments, and bought a number of digital pictures, hoping to realize his dream of becoming rich overnight.
As a result, he did not wait for the expected price increase. In just a few days, due to the continuous price drop, the digital collections purchased by thousands or even tens of thousands of yuan fell to the starting price of several hundred or tens of yuan.
"At the end of the term, I don't have the heart to study at all, I really can't stand it anymore." Xiaobai said, he was going to confess everything to his family and consider whether to sell the digital collection of tens of thousands of yuan immediately.
But once let go, his "investment" is undoubtedly a blood loss.
He searched online and learned that there are many college students like him. In mid-May, the situation of domestic digital collections deteriorated, and some young people even lost their minds.
Phenomenon
99 yuan → more than 10,000 yuan
"From sitting on the ground picking up money to losing money to thundering"
What exactly is a digital collection?
The reporter investigated and learned that many people fry shoes many years ago, but now, the most popular among young people is frying digital collections (NFT), the principle of which is similar to frying shoes.
NFT (Non-Fungible Token), refers to non-fungible tokens, in the form of digital pictures, music, videos, 3D models, digital souvenirs, etc., and is widely known as "digital collections" in China.
What is a non-fungible token?
It can be understood that the annual output of Chengyang Lake hairy crabs is 1 million, and each crab will have a crab buckle to prove its unique identity information.
What kind of NFTs have we seen?
For example, for example, the digital collection developed by the National Museum of China with the theme of four national treasure-level cultural relics such as the Siyang Bronze Square Zun, users can “visit” online, which is the digital collection.
But when it comes to the NFT platform, the digital collections sold on the platform are far less "effortless" than the National Museum of China.
Mr. Qin, an insider, said that digital collections hyped by young people are often just an excerpt from a certain cartoon, and the meaning of their existence is that they are given a unique number.
After all, it is hard to say how much collection or ornamental value they have, and most of them are just an investment tool.
Reporters can easily search for "NFT" or "digital collection" on the Internet or various social platforms, and can see a large number of NFT group chats.
In these groups, in addition to updating the platform's panic buying information, new transaction information is sent out all the time.
For example, a digital picture on the NFT platform iBox called "NFT Havoc in Heaven" series, the starting price is 99 yuan, but after rounds of price hikes, it has risen to more than 11,900 yuan, with a limited number of 2,000 copies.
Of course, unlimited price increases are impossible.
For example, on the NFT video released by Chen Xiaochun, when Chen Xiaochun released the NFT, the public price of the whole network was 199 US dollars, and now the price of Chen Xiaochun's NFT video has risen to 1999 US dollars.
However, the Chen Xiaochun NFT bought by a user named "Wandering Soul" in May this year has not been sold yet.
Therefore, there is a problem with the major NFT platforms, that is, buying and selling is close to saturation.
The NFT official account was blocked and the platform disappeared, which has become the most discussed topic in the circle recently.
"Why can't I sell it at a low price?" "When I bought it for 10 yuan, I really didn't think that this thing might not be sold." "In the beginning, it was so popular that as long as it was bought, it was just sitting on the ground to pick up money, but now it's a huge loss. Selling. If you don't go out, you will smash all your hands"...
platform
Large platforms have many restrictions, and small platforms have malicious hype
2021 is called the "first year" of NFT. Internet giants, major enterprises, artists, and celebrities have entered the NFT market one after another, and the price of NFT has repeatedly hit new highs.
The reporter's investigation and sorting found that the domestic NFT platforms are firstly the platforms of large Internet companies, and secondly, the small platforms that are blooming everywhere.
Big Internet platforms such as Alibaba, Tencent, Baidu, JD.com, NetEase, Station B, etc., the big platforms have many restrictions on their NFTs, the market liquidity is not strong, and there is not much room for malicious speculation.
In addition to the big factory platforms, there are seven or eight small platforms in China, such as Topholder, Chihiro, and iBox, which recently broke news.
Most of these small platforms have not maintained a good ecology, resulting in chasing high and taking over, and there is room for malicious speculation.
"The platform originally made profits by earning handling fees. You need to pay handling fees for resale or withdrawal." Mr. Qin explained.
That is to say, if the NFT platform is to achieve continuous profitability, it is bound to attract more people to "join", and whether young people buy it with a loan or borrow money, whether it is a loss or a profit, is not their concern.
In the sluggish May, many young people were distressed by the falling prices of their collections, the inability to sell them, or the inability to withdraw cash, but a certain NFT platform actually put out the heroic advertising slogan "Crazy May with Gold everywhere".
A few months ago, the entire line of products on the iBox platform was still popular, and the popular models rose by an average of more than 70%. However, today's NFT firm listing shows that the prices of popular digital pictures, music or videos that are priced at tens of thousands of yuan are all falling. The highest drop was more than 30%.
From skyrocketing to plummeting, some users are still not giving up, looking forward to another wave.
So these advertisements came into being, coupled with the partners around them, NFT is like a dream, and countless people want to go to Riza.
expert
There are gaps in laws and regulations related to emerging industries
Chen Jia, a researcher at the International Monetary Institute of Renmin University of China, believes that the pain points and difficulties of NFT are very huge.
In fact, most of the domestic NFT products did not allow investors to fully understand the design features and legal responsibilities of the products when they were introduced, and the chaos was caused by investor fanaticism and sellers.
The product design requirements of NFTs are very high, but the NFT platforms we are currently seeing are widely contracted by creators, and it is not uncommon to create scarcity artificially with simple certificates. In fact, it does not really establish the value of the scarcity of NFT digital collections. On the contrary, it gives investors the impression that the market is relatively chaotic.
On the whole, NFT is an emerging industry, and the relevant laws and regulations are in a blank period whether abroad or domestically.
Up to now, the official documents related to NFTs (or digital collections) in China have only some risk warnings, initiatives, conventions, etc., and the legal effect is not particularly high.
NFT wants to go further, and stricter supervision still needs to be improved.
Chengdu Business Daily-Red Star News reporter Dai Jiajia