Legal Regulation of Non-fungible Token Digital Collection Trading in China

Abstract

Digital collectibles are a new concept in the cultural industry that is based on blockchain and non-fungible token (NFT) technology. The current state of digital collectibles in China shows a trend of rapid growth from nothing to something, from sporadic to messy, with imperfect related laws, regulations, and supporting systems. The copyright ownership risks and platform transaction risks of digital collectibles in China are prominent. This article focuses on the production and transaction processes of digital collectibles, aiming to clarify the attributes and boundaries of copyright ownership of digital collectibles in China, define platform responsibilities, reduce transaction risks, and protect the legitimate rights and interests of consumers.