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, Australian listed music company Vinyl Group has acquired the assets of London-based Serenade, a platform focused on digital and physical collectibles, in a share transaction worth up to $1.6 million.Vinyl Group CEO Josh Simons stated that the company launched its own website last year, aiming to digitally replicate the "crate-digging" experience. This acquisition marks the company's expansion into the UK and European markets while enhancing its product offerings in the digital collectibles space. "Our plan has always been to expand the product offerings on Vinyl.com, including music merchandise, digital collectibles, and experiences that connect fans and creators. Acquiring Serenade is the next step in that process," Simons said.According to the terms of the agreement, Vinyl has prepaid $553,000 in shares, with an additional $1 million contingent on revenue and profit targets.

ChainCatcher news, according to official sources, the Trump Silver Commemorative Coin TRUMP COINS is officially on sale today, and the waitlist registration is now open. "This first edition silver coin is made from the highest quality materials, and it is not just a collectible, but a symbol of resilience, prosperity, and national pride."Previous news, former U.S. President Trump launched his first edition silver commemorative coin TRUMP COINS.

ChainCatcher news, according to the Legal Daily, the Economic Crime Investigation Team of the Beijing Municipal Public Security Bureau has publicly reported that recently, the police dismantled a gang that organized and led pyramid selling activities under the guise of investing in virtual collectibles. The case involves over a hundred participants in the pyramid scheme, with an amount involved exceeding 2.8 million USD. The police remind that any activity that requires payment of an "entry fee" under the guise of investment, encourages recruitment of new members, and uses the number of people developed as a basis for compensation is a disguise for pyramid schemes. The general public should recognize the essence of pyramid schemes and enhance their awareness of prevention.According to police investigations, the pyramid scheme organization introduced "game rules" to the public through on-site lectures and WeChat group messages, attracting unspecified individuals to recharge and purchase under the pretext of investing in virtual collectibles, thereby earning profits and causing financial losses to many. Through the analysis and connection of police reports across the city, the police believe that this investment project is suspected of organizing and leading pyramid selling activities.Upon investigation, it was found that the organization had a complete member registration rule, and its profit-sharing model was divided into dynamic and static types. After participants recharge, they settle using virtual currency to obtain "static dividends." In addition, members can also obtain "dynamic dividends" by developing downlines, i.e., through the "recruitment" method.The police remind that some criminals turn "digital collectibles" and "virtual currency" into their own "wealth codes," using the concept and technology of the digital economy as a disguise to engage in illegal fundraising and other criminal activities. They attract investments and defraud money by boasting, exaggerating their value, or creating worthless "pseudo-coins." The general public should remain vigilant in their daily lives and avoid falling victim to scams.

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 Ordinals browser Ord.io stated on the X platform that a user has inscribed 21,000 pieces of art collectibles on Bitcoin as an airdrop to the Ordinals community.

ChainCatcher news, according to Decrypt, German automotive giant Mercedes-Benz will launch a new MBUX Collectibles in-car application that supports NFTs at the 2024 Consumer Electronics Show (CES) in Las Vegas, allowing owners to display NFT collections on their vehicle dashboards, including the NXT NFT system released by Mercedes on the Ethereum blockchain.In addition, Mercedes also showcased the MBUX virtual assistant powered by generative artificial intelligence, with the updated MBUX virtual assistant expected to be released in early 2025.

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.

ChainCatcher news, according to official sources, Worldcoin has launched a collection based on the NFT infrastructure platform Zora to commemorate and celebrate the launch of World ID 2.0.It is reported that users can mint this collection for free on Zora until January 12.

ChainCatcher news, Sui's official announcement states that using zkLogin and NFT technology on Sui, the Oracle Red Bull Racing team has launched 3 limited edition free digital collectibles to celebrate their championship victory in 2023, with a claim period of 4 days.All collectibles include additional metadata, including the date and time of the collectible's minting, as well as highlights and achievements from the 2023 F1 season. Users can only claim one collectible, and currently, these collectibles cannot be transferred or sold on any platform.

ChainCatcher news, the Web3 music NFT platform Sound.xyz has acquired the digital collectibles platform Soho, and the entire Soho team will join Sound.xyz, led by Omid Aziz, who will serve as the Chief Technology Officer. Sound.xyz will focus on building deeper connections between artists, curators, and listeners through this acquisition alongside Soho.

ChainCatcher news, according to CoinDesk, Disney has partnered with NBA Top Shot developer Dapper Labs to launch a mobile-based NFT application called Disney Pinnacle, offering "early access, closed release" to invited users (those on the waitlist for testing and feedback). Dapper's Senior Product Manager Rachel Rogers stated in an email that the official release will debut on the Apple App Store, followed by launches on web browsers and the Google Play Store.

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 International Basketball Federation (FIBA) has partnered with NFT tool provider Venly to launch the first digital NFT collectibles for the 2023 FIBA Basketball World Cup. The collection includes four sets of NFTs with varying rarity: Fan's Frenzy, National Pride, Ultimate Courtside, and Golden Glory. The NFTs are minted on Polygon, and the collection is now available on the FIBA official website.

ChainCatcher news, the Web3 collectibles platform Collectibles.com announced the completion of a $5 million seed round financing, led by Blockchange Ventures, with participation from GFR Fund, Peter Thiel, Blockwall Capital, and others.It is reported that Collectibles.com is building a Web3 collector community and marketplace based on the Collectibles Protocol. (Source link)