Alibaba launches non fungible tokens (NFTs) marketplace
Alibaba launches non fungible tokens (NFTs) marketplace to allow people to trade on digital wares. In the past, it would have been supremely amazing but for the muted element of the new war on tech in China, no one knows if this will stand.
Alibaba Group Holding, a Chinese multinational e-commerce firm run by Daniel Zhang as CEO, has launched a new nonfungible tokens (NFTs) marketplace allowing trademark holders to sell tokenized licenses to their intellectual property.
Blockchain Digital Copyright and Asset-Trade is the new NFT marketplace launched by the company and it can be accessed via Alibaba’s Auction platform. NFTs launched via the platform will be issued on the “Copyright Blockchain,” a distributed ledger technology platform centrally operated by the Sichuan Blockchain Association Copyright Committee.