New trend of nft digital collection Porsche can apply for a 14-day refund without reason
2023-02-02
The NFT industry entered China in 2021 and developed rapidly in 2022. The rapid popularity of NFT projects in a very short time has led to rapid expansion of the market value of NFT projects. With the continuous improvement of jurisdiction, policies and regulations, and the increasingly standardized NFT market, NFT digital collections will also usher in a broader market.

In 2022, the NFT digital collection of YuanUniverse developed rapidly and became the "darling" of enterprise and brand marketing. The attention of the NFT market in many capitals is still high, but the recent update of Porsche has set off a wave in the NFT industry.



On January 30, after the update and iteration of Porsche's NFT digital collection system, a user found that Porsche added a "I agree to the immediate provision of the contract service (i. e., receiving the NFT) and I have been informed that I here lose the right of drawing.", I agree to provide contract service immediately (i.e. receive NFT), and I have been informed that this operation will lose the right of withdrawal.


Many people may not understand the meaning of this statement. If you want to be the owner of this NFT digital collection, you need to agree to the relevant service terms to show that you have voluntarily waived the so-called "withdrawal right". Although the vast majority of consumers who are familiar with the rules of NFT sales have never heard of such rights, this is undoubtedly an earthquake in the automotive industry and the NFT digital collection industry of the universe. This means that Porsche has the right to refund the NFT digital collection for 14 days without reason in the local laws of Porsche.


There may also be concerns from NFT digital collectors. Will Porsche take the lead in the direction of "withdrawal right", which will affect the broader NFT digital collection market? According to the previous transaction records of NFT giants, "Bored Ape Yacht Club" and "Otherside", the virtual land of the universe game, did not prompt customers to have the right to a 14-day refund. On the contrary, when some users tried to refund the previously purchased NFT through claims after learning the relevant rights, they were rejected by the relevant NFT company, claiming that the NFT digital collection does not provide guarantee and refund rights.


With the gradual improvement of the explicit regulations on digital collections and metauniverse at home and abroad, in the United Kingdom, companies that require a reasonable price such as refusing to refund customers may be severely punished with "unlimited amount", or even be prosecuted for legal liability. Porsche has added the option of "withdrawal right" to show the 14-day refund without reason to the public, which undoubtedly sounded a warning bell for the NFT market. Let the big head of NFT, who originally adhered to the overlord clause, gradually comply with the regulations that should be observed in relation to digital collections.


The NFT industry entered China in 2021 and developed rapidly in 2022. The rapid popularity of NFT projects in a very short time has led to rapid expansion of the market value of NFT projects. With the continuous improvement of jurisdiction, policies and regulations, and the increasingly standardized NFT market, NFT digital collections will also usher in a broader market.