ChainCatcher news, the WeChat official account of the People's Court of Laiwu District, Jinan City announced typical cases of the application of the Civil Code in Shandong courts 167, the legal attributes of digital collectibles and the validity of their trading behavior (Yang vs. a cultural creative company in a sales contract dispute). The key points of the ruling indicate that digital collectibles are a type of online virtual property. Currently, there are no legal prohibitions against the issuance and trading of digital collectibles in our country. As long as the parties involved have the corresponding civil capacity and their intentions are genuine, the trading behavior of digital collectibles between civil subjects should be recognized as legal and valid.Digital collectibles have both collection and investment attributes, which carry a high market risk. Buyers aiming to profit from the price differences in the secondary market for digital collectibles should not be recognized as consumers under the "Consumer Rights Protection Law" and should bear the corresponding risks of market price fluctuations.

ChainCatcher news, Conflux and China Mobile Migu have announced a deep cooperation agreement in the field of Web3.0, which will extend cooperation covering multiple areas based on the underlying infrastructure of the Tree Graph blockchain (Conflux).According to the agreement, Conflux and China Mobile Migu will conduct joint development, application, and promotion on the Tree Graph public chain, including but not limited to video ringtones digital collectibles, digital identity (DID), and blockchain communication hardware. This collaboration with Conflux marks China Mobile Migu's first exploration of Web3.0 applications based on public chain infrastructure.

ChainCatcher news, according to community reports, QQ Music's "TME Digital Collection" has opened a refund channel, and the specific refund website is: https://y.qq.com/m/digital_collection/client/refund/index.html?&miniplayer=1.Previously reported, QQ Music has shut down the TME Digital Collection business, and the original team members have been internally reassigned.

ChainCatcher news, the Shenzhen Intermediate People's Court announced a case. In June 2022, Chen registered Company A and developed Platform B to publicly sell a certain digital collectible without an ICP license (Internet Operating License) or any information service record, promoting the collectibles through WeChat public accounts and other channels as limited editions, claiming that investing in this digital collectible would guarantee profits. In July 2022, Platform B launched a certain digital collectible and used promotional phrases like "capital protection buyback, stable appreciation" to deceive investors, selling nearly 30,000 collectibles within a month. Subsequently, Chen opened secondary market trading and inflated transaction prices and market hype through account manipulation and hiring fake reviewers to gather funds. During this period, Chen cashed out over 900,000 yuan from the platform. From October to November 2022, Chen stopped renewing the server and shut down the platform, leaving users unable to withdraw funds or view their digital collectibles.The court found that Chen fabricated facts and concealed the truth to defraud others of property, with the amount being particularly large, constituting the crime of fraud. Chen was sentenced to twelve years in prison for fraud and fined 55,000 yuan.

ChainCatcher news, the Supreme People's Procuratorate issued the "Opinions on Fully Leveraging the Functions of the Procuratorial System to Lawfully Serve and Guarantee High-Quality Financial Development." The opinions point out that severe punishment should be imposed according to the law on crimes that seriously endanger financial security, and the crackdown on illegal fundraising crimes in areas such as fake private placements, fake gold exchanges, pensions, private equity funds, virtual currencies, and prepaid cards should be continuously intensified; it is necessary to collaborate to lawfully regulate financial innovation activities, pay attention to new risks of financial violations and crimes carried out under the guise of investments in virtual currencies, digital collectibles, etc., and proactively research and formulate response and disposal plans with relevant departments.

According to ChainCatcher news, lawyer Liu Honglin stated that the local market supervision administration in Hainan, in conjunction with other departments, recently issued a notice requiring enterprises engaged in the NFT digital collectibles business within its jurisdiction to submit their business qualifications within a specified time frame, otherwise "the relevant responsibilities will be borne by the enterprises themselves."Relevant enterprises need to possess nine qualifications, including the license to establish a trading market. If they conduct business without the aforementioned qualifications and are suspected of illegal activities, administrative penalties will be imposed by the relevant industry authorities, and if a crime is constituted, criminal responsibility will be pursued in accordance with the law.

ChainCatcher news, according to Decrypt, the art and entertainment digital collectibles market LimeWire has announced the acquisition of the AIGC platform BlueWillowAI. BlueWillow launched in January and claims to have over 2.3 million active members, having created over 500 million images so far this year. LimeWire stated that it plans to integrate BlueWillow's proprietary text-to-image and image-to-image AI models into its AI Studio.

ChainCatcher news, The Paper announced in its app that due to "the uncertainty and risks associated with digital collectibles as an emerging field, as well as high operational costs," it will suspend the sale of digital collectibles and withdraw previously issued digital collectibles.In addition, the digital collectibles channel of The Paper in the Haibei Mall will also cease operations starting from September 17, 2023.

ChainCatcher news, according to China.com, Hainan Tancang Technology Co., Ltd. (hereinafter referred to as "Tancang Technology") has recently completed a Pre-A round financing of over ten million yuan. This round of financing was led by China Mobile Capital (with China Mobile Group as the actual controller), and followed by Shunwei Capital (co-founded by Lei Jun), with the financing amount exceeding ten million yuan.Tancang Technology has previously collaborated with several domestic museums to issue diverse digital collectibles. Gao Lei, Chief Operating Officer of Tancang Technology, stated: "After completing this Pre-A round of financing, we will accelerate the layout and construction of the digital asset trading platform under Tancang Technology in the near future. At the same time, our professional Web3.0 team is confident in creating a benchmark project for domestic digital asset trading platforms, laying a solid foundation for the overseas expansion of Chinese traditional culture and embracing the Web3.0 trend."

ChainCatcher news, luxury brand Louis Vuitton has launched its first exclusive digital collectible "Speedy 40 VIA Pharrell Williams" for holders of the digital luggage VIA Treasure Trunk, aimed at commemorating its iconic Speedy 40 handbag. Louis Vuitton will open physical redemption in January 2024.

ChainCatcher news, Ant Group's digital collectibles platform Whale Explore has officially launched the UGC feature, allowing users to mint personal digital collectibles.Previously, Whale Explore also integrated AIGC capabilities to provide users with AI painting tools, supporting two modes: generating images from text input and generating images from image input.Regarding the transfer rules, personal digital collectibles minted by users can be immediately transferred to others. If the recipient wishes to transfer again, they must hold the item for 90 days before doing so. This means that the first transfer has no time limit, while the second transfer must meet the 90-day requirement. (source link)

ChainCatcher news, according to The Paper, the digital collectibles platform iBox has been complained about by multiple users, claiming they were scammed while purchasing digital collectibles on the iBox platform under Hainan Chainbox Technology. Currently, the Chengmai County Public Security Bureau in Hainan Province has officially accepted the case.Multiple case notification letters indicate that police from various places, including the Huadu District Branch of the Guangzhou Public Security Bureau and the Xindu District Branch of the Chengdu Public Security Bureau, have also filed cases regarding the suspected fraud by Hainan Chainbox Technology Co., Ltd. (source link)

ChainCatcher news, the Whale Exploration App under Ant Group has launched the first changeable digital collectible "NBA Playoff Stadium Blind Box". This collectible can change and upgrade based on the results of NBA games, with the official sale dates on April 14 and April 16.It is reported that this collectible will be sold in the form of 4 blind boxes, each containing models of the stadiums of 4 teams that have entered the NBA playoffs. Each team's collectible will have 5000 copies available, and the corresponding digital collectible will upgrade or stop upgrading based on the playoff results. If the team advances, the collectible upgrades; if the team is eliminated, the upgrade stops. (Source link)

ChainCatcher news, according to 36Kr, Ant Group's digital collectibles platform Whale Explorer is promoting product updates and iterations, with the first changeable digital collectible expected to be launched as early as tonight, in collaboration with an international super sports brand. AIGC may become Whale Explorer's strategic exploration direction. (Source link)

ChainCatcher news, according to the inspection daily report, recently, the Hangzhou Gongshu District People's Procuratorate in Zhejiang Province filed a public prosecution, and the court sentenced the defendant Chen to three years in prison, with a four and a half year probation, and a fine of 7,000 yuan for the crimes of infringing on citizens' personal information and illegally obtaining data from computer information systems, with multiple sentences combined.On July 20, 2022, Chen accidentally discovered a vulnerability in the login mechanism of a certain digital collectibles platform. Upon investigation, Chen successfully logged into the accounts of more than 30 users and sold digital collectibles from 21 of those users at prices ranging from 1,400 yuan to 1,600 yuan each, totaling a profit of over 30,000 yuan. Currently, these 21 digital collectibles have been returned to the original user accounts. (source link)

ChainCatcher news, Bilibili has launched the "High Energy Chain" App for on-chain asset management, developed by Shanghai Donghun Cultural Media Co., Ltd. The app features on-chain address management, on-chain asset viewing, and search functions, and it also serves as the entry point for the Bilibili High Energy Chain ecosystem. (Source link)

ChainCatcher news, Daehong Communications, the marketing and NFT center under South Korea's Lotte Group, announced on Monday that Lotte Group plans to expand its NFT business to the global market through a partnership with the Polygon blockchain. The PFP digital collectible series BellyGom NFT Season 2 from Lotte Shopping will be launched on Polygon.It is reported that the BellyGom NFT was first issued on the Klaytn network in August 2022, providing holders with benefits related to Lotte's products and services, such as hotel vouchers or shopping discount coupons. This collaboration renames the digital collectible series to "BellyGom NFT Season 2." The project is still ongoing, and a specific release date has not yet been determined. (Forkast)