Recently, Shi Xingguo, the founder of Hyperchain, was interviewed by the 21st Century Business Herald. In the article "Digital Collections Ebb, NFT Compliance Road Is Gradually Bright", he expressed his views on the digital collection market, and commented on the suspected phantom core The abolition event, and an interpretation of the new NFT-related regulations in the "14th Five-Year Plan" for the Development of the Digital Economy in Shanghai.
Link to the full text of the 21st Century Business Herald:
The ebb tide of digital collections, the road to NFT compliance is gradually clear
Regarding the suspected cancellation of the phantom core, Shi Xingguo, the founder of Hyperchain, said in an interview with 21st Century Business Herald:
"The slow sales of digital collections sold by some digital collection platforms shows that the market has begun to become rational. It remains to be seen whether the departure of Magic Core and some other platforms will affect the rights and interests of collection holders."
As for the development of the digital collection market, Shi Xingguo believes: "Simple and crude mapping digital collections are difficult to support the long-term development of the industry. Practitioners should actively develop digital collections with compound rights and interests, so that collections can be empowered to specific physical businesses. It is the future of the digital collection industry.”
On July 13, the General Office of the Shanghai Municipal People's Government issued the "14th Five-Year Plan for the Development of the Digital Economy in Shanghai". Support leading enterprises to explore the construction of NFT (non-fungible token) trading platform, research and promote the digitalization of assets such as NFT, the global circulation of digital IP, the protection of digital rights and other related business formats in Shanghai.
In this regard, Shi Xingguo said in this report: "Shanghai's proposal to support the exploration of the construction of an NFT trading platform this time shows that the development of digital economy-related industries is the long-term plan of the Shanghai Municipal Government and will be launched at an appropriate time and pace. The overall content of this document is further detailed within the framework of the national 14th Five-Year Plan. Shanghai is the first in the country. An innovative attempt. With a clear policy direction, if China’s digital industry can compete with other countries on the same stage in the international market, it will definitely have the opportunity to seize the opportunity in the entire wave of digitalization.”
Shi Xingguo, member of the Blockchain Committee of the China Computer Federation, founder of Hyperchain, senior practitioner and technical expert in the Internet and operating system industry, winner of the National Science and Technology Progress Award, inventor of the parallel blockchain technology system, and founder of Paralism people. He has successively served as the vice president of Zhongke Hongqi Linux Company and the chief engineer of the Internet Laboratory of the Institute of Software, Chinese Academy of Sciences. In 2016, he led the team of the Chinese Academy of Sciences to establish Hyperchain Information Technology Co., Ltd., focusing on parallel blockchain technology and making breakthroughs. The core technology has obtained patent authorization in 27 countries in China, the United States, and the European Union.
Hyperchain is the leading parallel blockchain and the first parallel blockchain to obtain a patent authorization in the world. The core team of Hyperchain technology comes from the Chinese Academy of Sciences. It is the earliest and most professional blockchain technology and product research and development team in China. The pioneering parallel blockchain technology of Hyperchain has broken through the key points of blockchain such as performance, scalability, and capacity. Technical bottleneck, with the comprehensive integration and support capabilities of public chain, alliance chain and private chain, with the ability to support Internet backbone network level value transmission and storage capabilities, and is currently the only blockchain technology that can meet the requirements of enterprise development and industrial transformation. As the founder of the parallel blockchain technology system, Hyperchain Technology is currently the only international and domestic manufacturer that can provide you with parallel blockchain products, consulting and customized overall solutions and services.