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Alibaba opens its crypto market: China begins to take crypto seriously

News Snapshot:

The South China Morning Post reported Tuesday that Alibaba Group, a Chinese e-commerce behemoth, has launched a marketplace for selling non-fungible tokens on its auction platform. Customers can buy and sell NFTs, as well as license and sell intellectual property, on the executive platform. According to a report from SCMP, which is controlled by Alibaba, the business wants artists, musicians, writers, and game developers to sell NFTs of their work on the “Blockchain Digital Copyright and Asset-Trade” marketplace. Creators have already posted a number of NFTs on the service. They’ll be auctioned off next month, with a starting offer of…

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