The cloud division of e-commerce giant Alibaba Group is launching NFT solutions.
Alibaba Cloud’s new features include web hosting, digital marketing and content delivery.
NFT and metaverse services will now be featured on Alibaba Cloud’s international website, according to an Alibaba spokesperson. The company has recently launched several metaverse products.
Alibaba Cloud is trying to forge a path to an international market predominantly dominated by Amazon Web Services. However, Alibaba Cloud dominates 37% of cloud services in China.
In China, where crypto mining and commercial crime are, NFTs are currently in the gray area. For this reason, Alibaba partners Ant Group and Tencent Holdings called their NFT platforms “digital collectibles”.
