On Wednesday, June 8, Alibaba Cloud, China’s biggest cloud service provider, announced the launch of NFT solutions to help developers build NFT marketplaces in a fast and reliable way.
The Alibaba Cloud NFT Solutions
Alibaba Cloud launched its NFT solutions to enable artists and creators to monetize their NFT projects with ease. Alibaba’s NFT solutions come with three different products.
The first product, the Alibaba Cloud Elastic Compute Service (ECS) and Auto Scaling, was launched to help developers and creators build NFT marketplace web servers with ease and high elasticity.
The next is a Digital Marketing Service which integrates SMS to help creators build efficient marketing channels to reach customers. Alibaba’s SMS selects the best route in real-time when users send promotional, notification, and verification messages to customers worldwide.
The third is a Global Delivery Service – Alibaba Cloud Content Delivery Network (CDN) and Server Load Balancer (SLB). This is a high-performance NFT delivery service on Alibaba Cloud nodes, which supports up to 100,000 queries per second.
On the Flipside
- The Chinese government has been issuing strong warnings about the dangers of trading in NFTs, with crypto and mining completely outlawed.
Why You Should Care
Although Alibaba did not state if its solutions would support crypto, they will focus on driving the adoption of NFTs and digital art.
Read about Alibaba’s first move into NFTs below:
The impact of the ban on Alibaba Cloud can be found below: