JD.com's digital art collection platform, Lingxi, has announced the activation of its gifting function, allowing newly issued digital assets to be transferred starting December 15th. The timeline for enabling transfers of existing assets remains undecided. This development follows Lingxi's public beta launch and has generated significant interest within the digital art community.
Lingxi, initially launched in December 2021, faced operational challenges due to regulatory constraints, leading to a near shutdown. However, the platform's relaunch is seen as a strategic upgrade, coinciding with the implementation of new national standards for digital asset management and valuation. These standards aim to provide structured guidance for the industry, transitioning from spontaneous exploration to standardized practices. According to Zhu Youping of the China Communications Industry Association, this move underscores the view of digital collectibles as digital rights certificates, emphasizing their role as commodities rather than financial assets.
JD.com's Lingxi Platform Launches Digital Asset Gifting Function
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