The domestic digital collection circle is what is left over from the foreign currency circle. The current digital collections were initially called the same as they are abroad, NFT, Non-Fungible Token, non-fungible token.
Soon, in order to avoid domestic policy risks, it was renamed digital collectibles. Later, like cryptocurrencies, it was officially referred to as digital assets.
The only difference is that digital collections are different from foreign NFTs. Theirs are 10,000 blockchain images with different details, while we issue 10,000 copies of one cultural relic.
Until this year, PFP became popular and officially became the same as foreign NFT, all of which are limited edition series of various blockchain pictures.
There are also metaverses with similar mini-game-like gold-making and mining gameplay, which are actually the metaverse games that were popular in the cryptocurrency circle in 2021. Nowadays, the cryptocurrency metaverse has long been out of fashion, and those NFTs are numerous. Only a few have settled down over the years, and some individual projects are still very expensive.
The cryptocurrency circle has experienced several bull markets. Every bull market, except for the classic Bitcoin, Ethereum and other individual coins that can remain evergreen, is like a shooting star. A new concept only becomes popular for one bull market.
Similarly, digital collections are also blockchain products. As long as the industry exists, cultural relics will surely last forever. This has been proven in the physical world, they just exist in a new form.
The various pictures designed by modern people will be led by PFP. PFP (profile picture) refers to avatar-type NFT, the classic foreign pixel avatar, and Bored Ape is one of this type.
In the end, less than one percent of modern pictures can be deposited, but as a new thing in China, it will definitely be a hot market.
Another important thing is the creation of the platform. Because it represents the facade and has long-term empowerment, it has always been sought after. Formal large platforms can do it, but small ones don’t know when they will even lose their platforms. There are also important commemorative collections like the Shanghai Data Exchange.
In summary, the current digital collection industry has formed a long-term and stable growth variety based on cultural relics, especially the scarce national treasures, the flourishing modern individual creation centered on PFP, and the digital collection market with extremely scarce creations and major commemorative collections, three sectors as the core.
In the future, as the industry becomes more and more standardized, new hot spots will emerge under official leadership, such as the initial digital assets for corporate and institutional marketing launched by Shanghai Digital Exchange.
Creation is the soul of a platform, with large space and much additional income. Cultural relics are the foundation of the industry, and high-quality cultural relics will grow steadily in the long term. There will be dark horses among individual creations, especially in PFP, but you just have to screen them carefully. After all, there will be more in the future, and there will also be the most pitfalls.
You need to understand what is suitable for long-term investment and what is suitable for speculative profits in a bull market.
Finally, the most crucial point is that the official ones are the orthodox and the most recognized. This is also the reason why digital exchanges have taken off recently. Digital collections are still relatively chaotic, and compliance is the ultimate goal.
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