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Tencent's "magic core" or closure exposes the dilemma of NFT's digital collection

Time : 02/10/2021 Author : e86toa Click : + -
        According to statistics, as of May 2022, at least 20 listed companies in China have launched digital collection trading platforms. Not only that, there are also six central media in China that have released more than 400000 digital collections, with a sales amount of more than 6 million yuan. Among them, major Internet giants have come to the end one after another, such as Alibaba's whale detection platform, Tencent's magic core platform, and Baidu's Baidu super chain. The action of bat giants has also brought the whole digital collection track to a new heat. However, the seemingly hot NFT digital collection is quietly changing. On July 20, it was reported that Tencent was planning to close its "magic core" business this week.
 
        Magic core is an NFT distribution platform incubated by Tencent PCG. On August 2, 2021, it officially launched the app. In the initial stage, it provided technical support from Alliance chain to credit chain. Later, Tencent blockchain also became one of its technical support. On the second day of its launch, magic core launched the digital collection themed "Thirteen invitations" produced by Tencent video, with a price of 18 yuan and a limited number of 300 pieces. The reality is that less than a year has passed since the popularity of the magic core is coming to an end. For digital collection lovers, once the magic core is shut down, how to clear the digital collection owned by a large number of users will become an urgent problem to be solved. It is worth mentioning that on March 22, 2022, magic core adjusted all NFT Related words in the platform to "digital collection", and the rules prohibiting secondary market transactions remain unchanged.
 
        This means that it will be a dream for some users who expect to make private transactions through "transfer" to make profits from digital collections. In addition, at the software service level, magic core stipulates that "Tencent may update or adjust the software and / or the content of the service as required, or even suspend or terminate the provision of all or part of the services to you. The above-mentioned acts are not deemed as a breach of Tencent, and you have no right to require Tencent to bear any responsibility." Up to now, Tencent has not announced how to deal with the digital collections that have been purchased. On the one hand, the current digital collections are still in the stage of disorderly development. For example, some digital collection platforms do not have corresponding blockchains for digital collections, or their blockchains are not formal alliance chains.
 
        Therefore, it is difficult to identify the authenticity of digital collections. While most domestic NFT platforms have the name of NFT, what they actually do has nothing to do with NFT. On the other hand, the news that Tencent plans to shut down the magic core also shows us that Tencent can choose to shut down the magic core at will, while users cannot choose to own the NFT, which directly challenges the ideal of decentralized metauniverse. It should be noted that in the world of metauniverse, it has always been claimed that digital collections born based on blockchain technology and NFT technology can have a surface value of "easy to trade" and "anti-counterfeiting" that belongs to the owner alone. But like the current reality, this is just a beautiful fantasy.
 
        It is undeniable that NFT, as a kind of authentic and valuable data, is gaining the attention and layout of more and more industries. It confirms the right of data through technology, which has become a key factor to release the value of data. However, today, many industries born based on NFT are still in an immature development stage, and how to regulate and guide them is a problem that needs to be faced squarely at present. Return to Sohu to see more.
 
        
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