Even if Tencent really abolishes the “phantom core” business, it does not mean that Tencent completely abandons the blockchain. The industry speculates that at least the Zhixin Chain on which the “Magic Core” relies will still operate normally.
1. Things can’t be sold, the bubble burst
The domestic NFT craze originated in June 2021, when Alipay and the. Dunhuang Art Research Institute released two. NFT skins, and the price was once fired to more than 1 million.
Two months later, Tencent launched.The “Magic Core” app, an. NFT sales platform. And later changed the name of NFT to “Digital Collection” for compliance reasons.
Magic Core APP interface
However, from April to May, market sentiment has turned from a very euphoric state to a pessimistic one. “It can be seen from everyone’s chat. That no one has bought it because it is not profitable at the moment.”
Huang Kai, the manager of “Shu Zang Ship” told Geek Park, “When the number of new users is declining and the number of platforms is increasing, we have clearly seen a trend, many platforms can’t sell anymore. , even the big factories can’t sell it anymore.”
With the arrival Albania Phone Number of the bear market in the overseas NFT market, it has also affected the domestic market. “Everyone feels that there is a risk of bubble bursting, and Magic Core is very determine not to open a circulation platform. The products of Magic Core have also become the first to sell.” . she analyzed.
2. The routine of “collecting IQ tax” fails, and the second half begins
Why are digital collections so popular? A Ze, the manager of a digital collection platform, observe that 80% of the early purchasers of digital collections came from scalpers who speculated in shoe circles, Maotai circles, and ticket circles, “These people realize that this is beneficial. And they have a large user base.” These user groups are mainly post-95s, with the majority of men, “belonging to the category of people who are not deeply involved in the world.”
Soon, this attracted the attention of black production. A member of the network security team told us that due to the appreciation space of digital collections that were initially hype, they monitore that the number of black production intelligence began to explode around March this year.