Consumer Discretionary, Financials May 11, 2022 08:55 AM (GMT+8) · EqualOcean
CICC believes that compared with overseas, the development stage of domestic NFT market is relatively early. Internet platforms have entered the market one after another after the market heat gradually rises, and 2021 will become the first year of domestic NFT market. On the other hand, due to the relatively strict domestic policy environment, it still takes the primary transaction of PGC digital collection as the core and has strong commercial marketing attributes. CICC believes that the openness of the domestic market is relatively insufficient and there is a large room for expansion. Looking forward to the future, the supervision will gradually standardize the healthy development of the industry. On the basis of legal compliance, the industry is expected to improve transaction liquidity, diversify content sources, and implement a variety of application scenarios such as real rights confirmation.

This text is a result of machine translation.