The “Research Report on the\nDevelopment of the Global NFT Market in the First Half of 2022”,\nco-authored by Shi Xingguo, the founder of Hyperchain, was recently released.\nThe report was drafted by the Guanhuo Culture Digital Industry Think Tank, with\nthe Blockchain Committee of the China Electronic Commerce Association as the\npolicy guide, and co-released by many well-known industry organizations,\nincluding Shucang123, Huoxun.com, the Metaverse Industry Committee of the China\nMobile Communications Federation, the Shenzhen Retail Business Industry\nAssociation, the Metaverse 30 Forum, the Fujian Province Blockchain\nAssociation, the Shaanxi Province Blockchain Industry Alliance, the Harbin\nInstitute of Technology (Shenzhen) Blockchain Development Research Institute,\nHuoda Education, and the Blockchain Committee of the Tianfu New Area in\nChengdu.<\/p>\n\n\n\n\n\n\n\n
Shi Xingguo, the founder of Hyperchain,\nis one of the main authors in the report and has provided important insights in\nvarious sections of the report. He has used his unique perspective to provide a\nmore comprehensive and profound understanding of the digital collections\nindustry, also interpret its compliance and future prospects.<\/p>\n\n\n\n
Regarding the compliance of the digital collections\nindustry in the report, Shi Xingguo focuses on the three major proposal and\npolicy interpretation. He stated, “I strongly support this proposal. I\nhope that digital collections can highlight their actual value, promote the and\ninteract well with the real economy, and avoid being too closely tied to\nfinance. The digital collections market is just getting started and has a\npromising future. We should actively and cautiously promote it, and not throw\nout the baby with the bathwater.”<\/p>\n\n\n\n
He also pointed out that there are\ncurrently no laws and regulations specifically for digital collections in\nChina. However, in reality, digital collections often involve internet\ninformation, intellectual property, and virtual items. Therefore, in their\nissuance, use, and circulation, they need to carefully assess compliance risks,\nespecially regarding virtual items and financial attributes. This often\nrequires the assistance of professionals. The entire industry is still\nexploring and progressing, and he hopes for a healthy environment that allows\nChina’s collections market to keep pace with the world.<\/p>\n\n\n\n
In terms of the future trends of the\ndigital collections industry, Shi Xingguo believes that as the digital collections\nregulatory system continues to improve towards compliance, there is a bright\nfuture ahead. He stated that currently, digital art is the main force in the\ndigital collections market and is a relatively simple NFT application model.\nHowever, it has already shown the charm of NFT in terms of value expression and\nequity realization.<\/p>\n\n\n\n
He further stated that digital collections,\nas a form of equity expression, will gradually expand beyond one-time\nconsumption to more diverse scenarios based on equity certificate, secondary\ncreation, or auxiliary marketing and private traffic operation. This will give\nrise to various business models beyond collection sales. Companies with\nblockchain technology and innovative business capabilities will gain an\nadvantage in this trend. Those merchants that rely on third-party blockchain\nservices for quick sales of collections will eventually fade away. Users and\ninvestors should pay more attention to collection designs related to scarce IP\nor combined with real world businesses.<\/p>\n\n\n\n
Regarding the recently released\n“Opinions on Promoting the Implementation of the National Cultural\nDigitalization Strategy” by the Central Committee of the Communist Party\nof China and the General Office of the State Council,\nShi Xingguo believes that it encourages the synergy and trading of cultural\ndata, which mainly requires the improvement of cultural infrastructure and\nservice capabilities. The opinions provide a forward-looking deployment\nrequirement for regulatory measures. The synergy and trading of cultural data\nare a broader category that does not correspond to the specific concept of\ndigital collections or the specific form of secondary trading. However, he\nbelieves that digital collections, as an organic element of the cultural\nindustry, will gradually receive a clearer positioning in the future digital\nstrategy and gradually achieve trading and exchange in regulated situations.<\/p>\n\n\n\n
In conclusion, Shi Xingguo believes that\na standardized secondary market for digital collections will make the cultural\nconsumption market more active and provide clearer market expectations for\ncultural producers. He emphasizes that digital collections are more of a\ncultural consumption attribute, and a regulated secondary market will give rise\nto more diverse scenarios for equity expression.<\/p>\n\n\n\n
Shi Xingguo is a member of the Blockchain\nSpecial Committee of the China Computer Federation, the founder of\nHyperchain, a senior practitioner and technical expert in the internet and\noperating system industries, a winner of the National Science and Technology\nProgress Award, the inventor of parallel blockchain technology, and\nthe founder of Paralism. He has served as Vice President of the Red Flag Linux\nCompany and Chief Internet Engineer of the Institute of\nSoftware, Chinese Academy of Sciences. In 2016, he led the team from Chinese\nAcademy of Sciences to establish Hyperchain Information Technology Co., Ltd.,\nwhich focuses on parallel blockchain technology and has made important\nbreakthroughs. Its core technology has obtained patent\nauthorization in 27 countries in China, the United States, and the\nEuropean Union.<\/p>\n\n\n\n
Hyperchain is the most advanced parallel\nblockchain and the first parallel blockchain to receive patent authorization\ninternationally. Its core team comes from the Chinese Academy of\nSciences and is China’s earliest and most professional blockchain\ntechnology and product development team. Hyperchain’s groundbreaking parallel\nblockchain technology has overcome key technical bottlenecks in blockchain,\nsuch as performance, scalability, and capacity, and can comprehensively support\npublic chains, consortium chains, and private chains. It also has the ability\nto support backbone-level value transmission and storage on the internet, and\nis currently the only blockchain technology that can meet the\nrequirements of enterprise development and industrial transformation.\nAs the creator of the parallel blockchain technology system, Hyperchain\nTechnology is currently the only provider that can provide parallel\nblockchain products, consulting, customized solutions, and services\ninternationally and domestically.<\/p>\n","protected":false},"excerpt":{"rendered":"