Alibaba Cloud Launches Three New NFT Solutions for Creators

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.

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. 

Sponsored

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:

Sponsored

Alibaba Goes With The Trend: Creates an NFT Marketplace

The impact of the ban on Alibaba Cloud can be found below:

Widespread Crypto Mining Disruption Affecting Operations Across Europe and Parts of Asia Using Alibaba Cloud

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia