- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
JD Relaunches Digital Collectibles Business, "SpiritRare" Platform Launches New Digital Asset Transfer Service
BlockBeats News, December 17th, according to The New Consumption Daily, Lingxi, a digital asset platform under JD.com, today (December 16th) announced the opening of its gifting function, stating that the new issuance of digital assets officially began offering gifting services on December 15th, with the opening time for existing assets to be determined. This action comes just one day after Lingxi started its public beta. Earlier in December 2021, Lingxi launched on the JD.com APP mini-program, and the first batch of digital art pieces designed based on JD.com's mascot "Joy" officially went on sale. However, as policies have tightened, Lingxi, which has not enabled secondary trading, once experienced a "halt."
2021 was the first year of digital collectibles. Tencent's "Huanhe" APP and Ant Group's "Whale Exploration" platform quickly rose, leading the first half of the digital collectibles industry. In the second half of 2022, the digital collectibles industry cooled down. The China Internet Finance Association and two other associations issued the "Proposal on Preventing NFT-Related Financial Risks," clearly stating to curb the financialization and securitization tendencies of NFTs and prevent illegal financial activities. In July of that year, Tencent News first suspended its digital collectibles-related business, in August, Huanhe released a notice on purging users, and in November of the same year, Tencent Music's digital collectibles business was shut down.
A turning point came in December of this year when the two Chinese national standards, the "Asset Management Culture Digital Asset Trading Implementation Guide" and the "Culture Digital Asset Value Evaluation Guide," officially took effect, ushering the digital collectibles industry from a stage of "voluntary exploration" to "regulated guidance." The "Trading Implementation Guide" specifies the qualifications of participants in culture digital asset transactions, risk control, and other process norms, while the "Value Evaluation Guide" establishes a unified culture digital asset valuation system.
Zhu Youping, Rotating Chairman of the Blockchain Special Committee of the China Communications Industry Association, stated, "The restart of JD Lingxi confirms a core logic, that the essence of digital collectibles is a digital equity certificate, a commodity rather than a financial asset."
You may also like
Enso’s Recent Liquidation Sparks Market Volatility
Key Takeaways Enso experienced a dramatic $11.67 million in liquidations, with a significant 70.7% involving short positions, indicating…
South Korea’s Coinone Considers Stake Sale Amid Rising Coinbase Interest
Key Takeaways Coinone, a regulated cryptocurrency exchange in South Korea, is contemplating a significant stake sale as consolidation…
Crypto’s Next Battle: Privacy Faces a Chicken-Egg Dilemma with Regulators
Key Takeaways The integration of cryptocurrencies into bank systems is fueling a privacy versus transparency conflict. Privacy-preserving tech…
What the Tightest Part of the LALIGA Season Teaches About Crypto Trading Under Pressure
As pressure builds late in the LALIGA season, decision quality becomes the real differentiator. The same logic applies to disciplined crypto trading under volatility.
Massachusetts Judge Prohibits Kalshi from Offering Sports Bets
Key Takeaways A judge in Massachusetts has prohibited the prediction markets platform, Kalshi, from facilitating sports betting within…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Original Content Blocked: Importance of API Management
Key Takeaways: API management is crucial in preventing disruptions due to excessive requests. Implementing effective controls and monitoring…
VF-26 Unveiled: Zoomex and TGR Haas F1 Team Enter New Phase of Collaboration in 2026
Key Takeaways The unveiling of the VF-26 race car marks a new phase in the TGR Haas F1…
If I Were the Founder of Kaito, How Would InfoFi 2.0 Survive?
Key Takeaways InfoFi’s collapse highlighted the dangers of relying heavily on centralized platforms. The InfoFi project faces five…
Why Can Coinbase Halt a CLARITY Act Vote with Just One Sentence?
Key Takeaways Coinbase CEO Brian Armstrong’s opposition to the Clarity Act halted a critical Senate vote, showcasing the…
Error Occurred Due to Excessive API Requests
Key Takeaways: – Excessive API requests can result in blocked access, highlighting the importance of managing request rates…
Only KYC Can Stop Insider Trading on Prediction Markets, Messari Says
Key Takeaways KYC regulations are essential in curbing insider trading on prediction platforms but are not foolproof. Non-KYC…
US Crypto Market Structure Bill Stalled as Industry Withdraws Support
Key Takeaways: The US crypto market structure bill has faced significant delays due to disagreements among lawmakers and…
Trump Targets Fed Chair, Crypto Challenges, and MiCA Regulations
Key Takeaways President Trump has initiated criminal charges against the current Federal Reserve Chairman, alleging financial mismanagement in…
Error Handling in the Age of APIs: A Thorough Insight
Key Takeaways API requests may face rate limits leading to error messages when exceeded. Proper API key usage…
Request Limitation Issues with API Integrations
Key Takeaways: Excessive requests can lead to blocked access when interfacing with certain APIs. Effective management of API…
WEEX Crypto News and the Dynamics of API Access
Key Takeaways Managing API access effectively is crucial for seamless data extraction in cryptocurrency markets. Understanding rate limits…
WEEX Football Trading Season: When the LALIGA Season Tightens, Every Decision Matters
The excitement of LALIGA never stops. From intense matchups on the pitch to shifting league standings, competition unfolds week after week. As an official regional partner of LALIGA, WEEX brings that same competitive rhythm into trading — where consistency, strategy, and timing matter just as much.
Enso’s Recent Liquidation Sparks Market Volatility
Key Takeaways Enso experienced a dramatic $11.67 million in liquidations, with a significant 70.7% involving short positions, indicating…
South Korea’s Coinone Considers Stake Sale Amid Rising Coinbase Interest
Key Takeaways Coinone, a regulated cryptocurrency exchange in South Korea, is contemplating a significant stake sale as consolidation…
Crypto’s Next Battle: Privacy Faces a Chicken-Egg Dilemma with Regulators
Key Takeaways The integration of cryptocurrencies into bank systems is fueling a privacy versus transparency conflict. Privacy-preserving tech…
What the Tightest Part of the LALIGA Season Teaches About Crypto Trading Under Pressure
As pressure builds late in the LALIGA season, decision quality becomes the real differentiator. The same logic applies to disciplined crypto trading under volatility.
Massachusetts Judge Prohibits Kalshi from Offering Sports Bets
Key Takeaways A judge in Massachusetts has prohibited the prediction markets platform, Kalshi, from facilitating sports betting within…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
App