{"id":11118,"date":"2021-08-17T18:54:05","date_gmt":"2021-08-17T18:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/alibabas-nft-marketplace-allows-content-creators-to-copyright-work-via-blockchain-ip-service-report\/"},"modified":"2021-08-17T18:54:05","modified_gmt":"2021-08-17T18:54:05","slug":"alibabas-nft-marketplace-allows-content-creators-to-copyright-work-via-blockchain-ip-service-report","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/alibabas-nft-marketplace-allows-content-creators-to-copyright-work-via-blockchain-ip-service-report\/","title":{"rendered":"Alibaba\u2019s NFT Marketplace Allows Content Creators to Copyright Work via Blockchain IP Service: Report"},"content":{"rendered":"

The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology.<\/strong><\/p>\n

Alibaba\u2019s NFT Market Offers Blockchain Copyright Service<\/h2>\n

Alibaba is a large corporation from China that specializes in internet services, technology, and e-commerce solutions. The company, founded in 1999, quickly catapulted to being one of the biggest in the world with $257 billion in assets under its wing. Alibaba has raked in $21.8 billion in revenue so far in 2021 and the company has been involved with cryptocurrency and blockchain solutions for years now.<\/p>\n

The billion-dollar company has launched its NFT marketplace this week according to a report<\/a> published on August 17 by the South China Morning Post (SCMP). It\u2019s worth noting that the Hangzhou-based tech giant also owns SCMP. The report says that the NFTs issued are minted on what\u2019s called the \u201cNew Copyright Blockchain\u201d and that it is operated by the Sichuan Blockchain Association Copyright Committee.<\/p>\n

One of the Alibaba NFT marketplace services is called \u201cBlockchain Digital Copyright and Asset Trade,\u201d and it allows any content creator to copyright material via the blockchain and sell the rights (tokens) as well. The copyright is basically tokenized, and only the owner of the token truly owns the content according to the Alibaba NFT marketplace intro page. SCMP reporter Josh Ye details that the Alibaba NFT platform \u201calready has numerous products listed,\u201d but they won\u2019t see an auction until next month.<\/p>\n

<\/p>\n

South China Morning Post, Tencent, Ant Group Launch NFTs<\/h2>\n

Josh Ye also notes that one item is a Star Wars illustration and a painted rendition of Sichuan\u2019s West Pearl Tower. \u201cEach auction starts at 100 yuan (US$15), and bidding requires a 500 yuan deposit,\u201d the SCMP writer notes. The reporter also details that SCMP will be issuing non-fungible token assets similar to American magazine corporations like TIME, USA Today, and Fortune.<\/p>\n

In addition to Alibaba, the company\u2019s fintech affiliate Ant Group is jumping into the NFT industry and the Alibaba NFT market is connected with Tencent Holdings as well. On the global playing field, Alibaba will have to face challenges from other markets that have raised millions of dollars this year like Rarible<\/a>, Opensea<\/a>, and Makersplace<\/a>. Further, the Crypto.com<\/a> and FTX-branded<\/a> NFT marketplaces will also be Alibaba\u2019s competitors.<\/p>\n

What do you think about Alibaba getting into NFTs and the newly created Alibaba NFT marketplace? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nBlockchain, Alibaba, Alibaba e-commerce, Alibaba Group, Alibaba NFT, Alibaba NFT market, Alibaba NFT Marketplace, Ant Group, Blockchain Copyright, Content creators, Copyright, Crypto.com, ftx, Intellectual Property, ip, Makersplace, Markets, nft, NFT industry, NFT Market, NFT Market Competitors, NFTs, Opensea, Rarible, SCMP, tencent<\/p>\n","protected":false},"excerpt":{"rendered":"

The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology. Alibaba\u2019s…<\/p>\n","protected":false},"author":0,"featured_media":11119,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11118"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11118"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11119"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}