Alibaba Cloud releases an NFT solution, which is then immediately deleted

The infrastructure for “web hosting, digital marketing, and content distribution” is no longer included on the Alibaba company’s website, although still appears in Google search results.

Alibaba Group Holdings’ cloud business branch introduced a new nonfungible token (NFT) solution before swiftly removing any references to it from the internet.

An announcement on Twitter on Wednesday said that the firm’s NFT marketplace solution will comprise “web hosting, digital marketing, and content delivery” infrastructure, which has now been brought down.

Also Read, How to Create your own NFT marketplace?

The NFT solution is no longer mentioned in any press releases or announcements on Alibaba’s website. It’s still showing up in Google search results but now leads to the Alibaba Cloud solution index page.


We don’t know why the company erased its social media postings and delisted itself from its website. While crypto trading and mining are illegal in China, regulators have yet to declare an outright ban on NFTs despite their disapproval.

Must Read, China’s Financial Regulations for NFTTrading

SCMP, which Alibaba owns, said that the solution was just for Alibaba Cloud’s foreign website and was aimed at clients outside of mainland China. A spokesman confirmed this to the outlet.

According to the SCMP, Alibaba-affiliated firms like Ant Group and Tencent Holdings have rebranded their listed NFTs as “digital collectibles” in the past to dodge regulatory scrutiny. Additionally, they’re available on private blockchains, where they’re sold and acquired using Chinese yuan.

Although Alibaba Cloud’s website lists a new metaverse-focused solution that includes remote rendering (along with data analytics and AI), the company’s proprietary Alibaba Cloud Blockchain (BaaS) still exists.

While Alibaba’s services may be used to build a metaverse that includes NFTs, the business does not supply any of the particular infrastructure needed to do so.

Hungry for more information?

Check out the Latest NFT News!

For more interesting updates on NFTs, connect with NFTHI on Twitter and Instagram.

Join us on Telegram!

NFTHI does not recommend any kind of Investment in NFTs or NFT trading. All the strategies are merely educational references.

Conduct thorough research before you start with NFT trading.

Share This Post

Related Posts

Nasdaq makes its move into Crypto…

Nasdaq Inc. is making its first significant push into the... reveals plans for stadium remodel with huge investment

Crypto.Com is betting on sports to extend its business...

Elon Musk doesn’t want to buy Twitter anymore

Now that Elon Musk has mentioned that he doesn’t...

Parov Stelar and Flowtys Release Generative NFT Music 

With Flowtys, the worldwide DJ and producer Parov Stelar...

Mercedes-Benz and Polygon team up to launch a platform for data sharing

Mercedes-Benz and Polygon (MATIC) are working jointly to launch...

PUBG creator’s game “Artemis” to feature NFTs and the Metaverse

PUBG creator Brendan Greene has revealed his next game which...