Bitdeal develops, deploys, and tests Alibaba’s NFT Marketplace Clone Script in Beta version before the launch of the platform to avoid vulnerabilities while launching.
2. Introduction
Chinese Technology Giant, Alibaba who is specialized in internet services
and eCommerce solutions has launched a new NFT Marketplace that allows
trademark holders to sell NFTs which represent licenses to their copyrights.
Let us have a deep look at the reasons behind the launch of NFT
Marketplace by Alibaba.
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3. What Is Alibaba NFT Marketplace?
Alibaba NFT Marketplace is a platform that not only offers customers the
ability to purchase & sell NFTs but allows all to license & sell intellectual
property (IP) as it is copyrighted with blockchain technology.
Thus it is an exclusive platform allowing customers to buy, sell NFTs and
also facilitates getting the license to sell intellectual property (IP).
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4. Alibaba Group - Chinese Multinational E-
commerce Company
Alibaba Group Holding Limited, a well-known multinational company that
specializes in eCommerce, internet, technology, and retail was founded by
Jack Ma in Hangzhou, Zhejiang on 28th June 1999.
In 2020, Alibaba was rated as the 5th largest Artificial Intelligence company
and the 6th highest global brand valuation.
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5. Alibaba Group - Chinese Multinational E-
commerce Company
Industry Type: Technology Company
Founded Year: 1999
Founder: Jack Ma
Area Served: Globally
Headquarters: Hangzhou, Zhejiang.
Alibaba's revenue is $21.8B in 2021 and now the company is involved in
cryptocurrency & blockchain solutions.
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6. Alibaba's NFT Marketplace
On August 17, 2021, the billion-dollar company launched NFT Marketplace
and the report says that the NFTs issued are minted on New Copyright
Blockchain which is operated by Sichuan Blockchain Association Copyright
Committee.
This Marketplace hopes to focus on writers, musicians, game developers,
and artists.
Already the marketplace is live and hosting several NFTs are set to be
auctioned next month.
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7. How To Participate In Alibaba NFT Marketplace?
Anyone can participate in Alibaba NFT Marketplace auctions by posting a
deposit of 500 Yuan. All the upcoming auctions are set with a reserve price
of $15 each.
The buyers can view their collections through Bit Universe, a crypto
Portfolio application that is integrated with WeChat.
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8. How To Participate In Alibaba NFT Marketplace?
In most of the NFT Marketplaces, many NFTs do not articulate what rights
purchasers have, with NFT appearing to depict unlicensed Star Wars fan art.
But this biggest announcement of Alibaba has embraced nonfungible
tokens in many organizations
Alibaba owned an E-commerce platform, Taobao that showcased NFTs at
the annual Maker Festival for the first time that celebrated Chinese art and
entrepreneurship.
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9. Launching an NFT Platform
like Alibaba’s NFT
Marketplace can build brand
identification and
recognition faster and easier
10. “
We have NFT Experts who can
develop Alibaba NFT
Marketplace Clone Script to
launch your own NFT
Marketplace Platform.
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