Xianyu launches digital collection trading platform

According to news on October 25, the second-hand trading platform Xianyu has fully supported the transaction of “Whale Explorer” digital collections.

It has been confirmed that Xianyu has unblocked banned words related to digital collections and at the same time opened the trading rights of Whaletan, Alibaba’s digital collection platform, on Xianyu. Now users can search for sales information of Whale Exploration-related collections on Xianyu.

Release important signals

According to Xianyu’s opening of secondary trading of digital collections, some players speculate that this may be affected by the new policy, which is an important signal for the development of the entire industry.

As the leading digital collection platform in China, Whale Explorer has attracted much attention and participation from users since its launch in December 2021. However, due to the uncertainty of industry policies, Whaletank has been facing the dilemma of slow sales. Although Whale Explorer has repeatedly emphasized that it opposes any form of over-the-counter trading and malicious speculation of digital collections, the secondary trading market still exists, and some well-known series of digital collections have been speculated to prices of tens of thousands of yuan in the over-the-counter trading market. In order to ensure the healthy development of the digital collection market, Whale Explorer will continue its efforts to strengthen regulatory measures and cooperate with government departments to promote industry standardization and transparency. At the same time, Whale Explorer will also actively introduce more high-quality digital collections to provide users with more choices and experiences, and promote the development of the digital collection market.

Obviously, Xianyu’s comprehensive support this time will undoubtedly bring new opportunities to Whale Explorer.

First of all, as the largest second-hand trading platform in China, Xianyu provides Whaletan with broader trading opportunities with its large user base and mature trading mechanism. Secondly, Xianyu is open to the digital collection market, which reflects its recognition of the development of the industry and brings a positive signal to the industry.

Who will win in the end?

However, although Xianyu has taken the initiative to unblock banned words related to digital collections and opened Whale Detective’s trading permissions, this does not mean that Xianyu has become the officially designated secondary trading platform for Whale Detective.

After all, Xianyu also has an important competitor - Wenlv China Yuanshi.

• On September 7, the whale exploration entrance appeared in the cultural tourism China Yuanverse;
• On October 18, the second ecological conference of China Metaverse for Culture and Tourism hosted by China Culture Media Group opened in Beijing. It was officially announced that the metaverse for culture and tourism was online and had a built-in digital cultural commodity trading module. At the scene, Ant Digital High Guan Xiongyi participated in the settlement intention signing ceremony on behalf of Ant Group;
• On October 24, China Culture News directly named "Whale Detective" when reporting on the events of the Second Ecological Conference of Cultural Tourism China Yuanverse.

In general, the friendly signals of Xianyu and China Travel China Yuanverse towards the release of Whale Detective have undoubtedly brought new opportunities and challenges to the digital collection market. At this new historical node, we expect that the digital collection market can develop in a healthy and orderly manner under the guidance of policies and provide more value to users.

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