In today's digital age, the concept of NFT (non-fungible token) is becoming increasingly popular. However, as the NFT market flourishes, a controversial question has surfaced: Do NFT trading platforms need a license? This topic has attracted widespread attention, so let's take a deeper look.

First, let's review the concept of NFT. NFT is a digital asset built on blockchain technology. Each NFT has unique identity information, making it unique and irreplaceable in the digital world. With the rapid growth of the NFT market, more and more artists, creators, and investors are pouring into this field, hoping to benefit from it.

There are different opinions on whether NFT trading platforms need a license. Some people believe that NFT trading platforms, as digital asset trading venues, should be regulated and obtain corresponding licenses. They believe that licenses can regulate market order, protect investors' rights and interests, and prevent fraud. For example, financial regulators in some countries require digital asset trading platforms to obtain legal licenses to ensure their compliance operations.

However, others hold a different view, believing that the decentralized nature of NFT means that there is no need for excessive regulatory intervention. They advocate that NFT transactions should be based on blockchain technology and completed through smart contracts without third-party intervention. This decentralized feature gives NFT greater freedom and flexibility, making the market more open and inclusive.

For example, OpenSea, as one of the well-known NFT trading platforms, still attracts a large number of users to trade without obtaining a specific license. Its decentralized characteristics provide users with a wider range of choices, allowing creators and collectors to participate in market activities more freely and promote the development of the NFT market.

In addition, the market mechanism of NFT also affects the discussion of license issues to a certain extent. Some NFT projects are traded in the form of auctions, while others are sold at fixed prices. This diverse trading method makes supervision more difficult and also brings challenges to regulatory authorities. How to balance market freedom and regulatory compliance has become a difficult problem facing regulators.

In summary, whether NFT trading platforms need licenses is a complex issue that deserves in-depth consideration. Against the backdrop of the continuous development and growth of the NFT market, regulators, investors and market participants need to work together to seek a regulatory model that can both protect market order and promote market innovation. Only with the joint efforts of all parties can the NFT market achieve sustainable development and contribute to the prosperity of the digital economy. Let us pay attention to the development of the NFT field and work hard to build a more open, transparent and orderly digital asset trading market.

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As cryptocurrencies such as Bitcoin continue to prosper, NFT investments have grown by 299% in 2020. NFT creators and dealers have made millions. In March, artist Beeple sold a crypto art work for nearly $70 million, breaking the digital art record and becoming one of the most valuable living artists. NFTs cover everything from digital trading cards and artworks to virtual real estate and games. Unlike popular cryptocurrencies such as Bitcoin and Ethereum, NFTs cannot be directly exchanged with each other, but are distributed across many different types of platforms. Many investors still don't know whether NFT trading platforms need a license? Let the editor of the currency circle introduce it to you. 

 Does an NFT trading platform need a license? 

Whether a license is required, we have sorted out the following qualification licenses for everyone. Digital collection platforms need to compare their business types to decide which licenses to have. 

(I) Blockchain information service filing 

NFT's chaining and trading are inseparable from blockchain. According to the "Blockchain Information Service Management Regulations", it is necessary to go through the State Internet Information Office Blockchain Information Service Filing Management System () to perform filing procedures. If the platform is also a blockchain information service provider (such as self-contained on-chain services), it is also required to fulfill obligations such as user information authentication.

(II) Value-added Telecommunications Business License

As a platform for operating Internet information services, if the NFT digital collection trading platform adopts a platform transaction model (third-party settlement), it is required to obtain a value-added telecommunications business license, namely an ICP certificate.

(III) EDI Certificate: Online Data Processing and Transaction Processing Business

If the NFT digital collection platform operates externally in a platform model, that is, it does not directly participate in the issuance and trading of digital collections, but is provided by third-party settled merchants (similar to the Tmall model), it is necessary to apply for an EDI certificate. If the NFT platform directly issues and sells NFTs (similar to JD.com's self-operation), it is not necessary to apply for an EDI certificate.

(IV) Copyright of Works (Authorization/Original Acquisition)

Principle: NFT platform operators must obtain authorization from the copyright owner of the work.

 Introduction to the role of NFT

NFTs provide opportunities for gamers and trading card collectors, and Axie
Infinity, a website that sells cartoon characters that resemble Pokémon, is one of the top 10 most popular crypto collectible platforms, according to CryptoSlam.

According to CoinDesk, the site had more than 10,000 monthly active users in 2020, making it the most popular game on Ethereum.

Other NFT collectibles based on arcade games such as Street Fighter are also becoming more popular - generating more than $1.5 million in revenue just a few weeks after the site launched, and more than $600,000 in revenue in the past month, according to CryptoSlam.

NFT games are expected to continue to grow. In February, Altitude Games launched a blockchain racing game called Battle
Racers on Arkane Market, which has more than 100,000 blockchain game players.

The above content is a detailed explanation of the question of whether NFT trading platforms need licenses by the editor of the currency circle. Non-fungible tokens are the leaders of the current digital revolution. They have been using various development methods to upgrade themselves. NFTs are unique digital assets developed based on blockchain technology that cannot be interchanged or copied in any way. These digital tokens represent assets such as images, domain names, trading cards, videos, artworks, etc. These unique digital tokens are traded on platforms called NFT marketplaces. NFT marketplaces initiate NFT transactions in a decentralized manner. There are many NFT marketplaces available in the digital space, and users choose the best on the market.