What is the difference between domestic digital collections and foreign NFT?
First, the participants are different.
1. Platform participants: Foreign platform participants are mainly officially authorized NFT large-scale trading platforms, such as Opensea, LooksRare, etc., and domestic platforms with strong backgrounds such as whale exploration, Magic Core and Yuanshi are the main ones. In addition, national teams such as China Search also began to cut into the NFT platform, among which Shizang began public beta in March 2022. Due to the imperfection of policies and regulations, a large number of small and medium-sized enterprises are constantly involved, including a large number of small platforms to fish in troubled waters to make money.
2. Buyers: The total number of users who have traded NFT at least once abroad is about 4 million, and that in China is about 6.5438+0 million. At present, the number of domestic buyers is expanding rapidly.
3.NFT production participants: Everyone can participate in foreign countries, while institutions, enterprises and contracted artists are the main ones in China, and the requirements for entering the big platform are higher, mainly domestic enterprises and institutions such as museums, culture, tourism, publishing and media. Except for some well-known artists and private enterprises, ordinary people are basically restricted and excluded.
Second, the market size is different.
At present, the market scale of the whole digital collection in China is still relatively small. Whale Exploration, the largest digital collection platform in China, was launched in June 20021year, and by March 2022, a * * * issued more than 300 sets of digital collections, with a total amount of about 3.6 million, a total transaction volume of about 58 million yuan and an average price of about 16 yuan. The second is Tencent Magic Core, with a transaction volume of about 6.5438+0.5 million yuan. The total transaction volume of vision china Yuan Vision just went online for three months and exceeded 8 million yuan. The total transaction volume of all NFT platforms in China does not exceed 654.38+0 billion, and the average monthly transaction volume is less than 654.38+0 billion, while the average monthly transaction volume abroad exceeds 30 billion, which is 3,000 times the size of the China market.
Third, the degree of policy openness is different:
Foreign NFT can trade and speculate in the secondary market. NFT, a domestic formal platform, can only be traded in the primary market at present. Some formal platforms are allowed to be held for a while and then transferred to others. In addition, only institutions or contracted artists can choose NFT, and ordinary individuals are not allowed to choose NFT.
Generally speaking, there are no laws and regulations on digital collection, and the default rule of digital collection is based on not speculating virtual currency. Therefore, at present, the domestic digital collection market is mixed and chaotic. There are big platforms launched by big companies such as Ali, Tencent, Baidu and Zhongsou, as well as small platforms launched by some unknown enterprises, and some even open up secondary markets for trading speculation.
With the promotion of digital RMB, it is possible to solve the NFT chaos through digital RMB, and the domestic NFT market is expected to be standardized, and the big platform is also expected to open the secondary market. Of course, this is only my personal judgment, for reference only.
Fourth, NFT's works are different.
The most popular works in foreign markets are purely original, while domestic works are just the opposite, and non-original works are more popular. For example, well-known antiques, cultural relics, calligraphy and paintings, murals, pictures from places of interest, 3D and videos, as well as digital blind boxes, new tide dramas and pictures from novels, animations and movies are basically not accepted in China at present. Of course, the current restrictions on public participation are a key reason for the lack of creativity. It has to be mentioned that foreign NFT is completely different and unique, and no two NFTs have the same shape, while domestic NFT can have the same shape and can only be unique by different numbers when winding.
Fifth, the hype is very different.
Most foreign artists and early players who can speculate wildly in the secondary market earn a lot of money, and NFT with a value-added of several hundred times to several thousand times or even hundreds of thousands of times is not uncommon. Of course, many people who attended later were cut with leeks.
At present, China is basically in the primary market, with a relatively low issue price and great room for appreciation. Many digital collections have experienced significant appreciation after the expiration of the donation period. Small platform private operation. For example, in February 2022, a small platform named Digital China issued a creation badge based on "Wenchang Chain" at the price of 19.9 yuan, which rose by 1000 times in one month, from 19.9 yuan to more than 20,000 yuan, and there was no market price. In order to avoid risks, it is strictly forbidden to speculate on big platforms. For example, on February 22, 2022, just after the 180-day donation period expired, Whale Detective revised the user punishment agreement and punished the paid resale of digital collections.
Sixth, the underlying protocols are very different.
Foreign NFT is mainly based on public chains such as Ethereum and Bitcoin, which is completely decentralized, and transactions are also settled through virtual currency. Due to the need of supervision, China is dominated by alliance chains such as ant chain, letter chain and Chang 'an chain, and it is not completely decentralized.
The above is an introduction to the differences between domestic digital collections and foreign NFT. I hope the above content will be helpful to everyone.