{"id":460404,"date":"2022-06-10T05:50:08","date_gmt":"2022-06-10T02:50:08","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/alibaba-cloud-launches-nft-solution-then-quickly-memory-holes-it\/"},"modified":"2022-06-10T05:50:08","modified_gmt":"2022-06-10T02:50:08","slug":"alibaba-cloud-launches-nft-solution-then-quickly-memory-holes-it","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/alibaba-cloud-launches-nft-solution-then-quickly-memory-holes-it\/","title":{"rendered":"# Alibaba Cloud launches NFT solution\u2026 then quickly memory holes it"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a29de0bb22e9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a29de0bb22e9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/alibaba-cloud-launches-nft-solution-then-quickly-memory-holes-it\/#%E2%80%9D_Alibaba_Cloud_launches_NFT_solution%E2%80%A6_then_quickly_memory_holes_it_%E2%80%9C\" >&#8221; Alibaba Cloud launches NFT solution\u2026 then quickly memory holes it   &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Alibaba_Cloud_launches_NFT_solution%E2%80%A6_then_quickly_memory_holes_it_%E2%80%9C\"><\/span>&#8221; Alibaba Cloud launches NFT solution\u2026 then quickly memory holes it   &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new NFT solution and then promptly deleted all mention of it online. <\/p>\n<p>According to a now-deleted <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> post announcing the launch on June 8, the firm\u2019s NFT marketplace solution included \u201cweb hosting, digital marketing &amp; content delivery\u201d infrastructure, but is no longer listed on its website despite.<\/p>\n<p>There are also no press releases or announcements related to the NFT solution on Alibaba\u2019s website anymore, and while the solution\u2019s webpage link still shows up in Google search results, it now redirects to Alibaba Cloud\u2019s solution index page.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/40d8d5b1-d35b-4b7e-8490-32915b713685.png\"><figcaption style=\"text-align: center;\"><em>Deleted Alibaba Cloud tweet: WayBackMachine<\/em><\/figcaption><\/figure>\n<p>The reason behind the deleted social media posts and delisting on its website are unclear at this stage. While crypto trading and mining are banned in China, there is a regulatory gray area with NFTs in the country \u2014 officials frown upon it but are yet to issue an outright ban.<\/p>\n<p>The shortly lived NFT focused solution was set to offer Alibaba Cloud Elastic Compute Service (ECS) and Auto Scaling for marketplace growth, an SMS-integrated digital marketing service for sellers to connect with buyers, and a Global Delivery Service \u2013 Alibaba Cloud Content Delivery Network (CDN) and Server Load Balancer (SLB) capable of supporting 100,000 queries per second.<\/p>\n<p>The South China Morning Post (SCMP) \u2014 which is owned by Alibaba \u2014 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3181019\/alibabas-cloud-services-unit-jumps-nft-bandwagon-amid-global-market\">noted<\/a> that the solution was intended for customers outside of mainland China, with a representative telling the publication that the solution was for Alibaba Cloud\u2019s international website only. <\/p>\n<p>The SCMP also stated that Alibaba affiliated companies such as Ant Group and Tencent Holdings have moved to avoid any potential regulatory pushback in the past by branding their listed NFTs as \u201cdigital collectibles.\u201d They are also offered on private blockchains and are traded\/purchased using Chinese fiat currency. <\/p>\n<p>Alibaba Cloud does still have a new Metaverse-focused solution listed on its website that offers remote rendering, data analytics and AI, along with Blockchain as a Service (BaaS) as part of the private Alibaba Cloud Blockchain. <\/p>\n<p>Under the Metaverse solution, the company does note that NFTs can be integrated into a Metaverse built off of Alibaba\u2019s services, but the firm does not provide any of that specific infrastructure. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Half of Asia&#8217;s affluent investors have crypto in their portfolio: Report<\/em><\/strong><\/p>\n<p>In April, the China Banking Association, the China Internet Finance Association and the Securities Association of China issued a joint statement warning the public away from investing in NFTs due to \u201chidden risks\u201d of the assets. They also noted that businesses should not consider NFTs like other financial products such as securities, precious metals, and other financial products. <\/p>\n<p>Cointelegraph also reported in March that Chinese social media giants such as WeChat and WhaleTalk updated their policies to restrict or remove NFT platforms from their networks, citing a lack of regulatory clarity and fearing a government crackdown. However, Beijing is still yet to issue a blanket ban on the sector. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/alibaba-cloud-launches-nft-solution-then-quickly-memory-holes-it\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Alibaba Cloud launches NFT solution\u2026 then quickly memory holes it &#8220; The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new NFT solution and then promptly deleted all mention of it online. According to a now-deleted Twitter post announcing the launch on June 8, the firm\u2019s NFT marketplace solution included&#8230;<\/p>\n","protected":false},"author":1,"featured_media":460405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvYWIwNGJlMjYtNjMzMy00MzBlLWE2ZWItZjYzN2RkMGI0YzI5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74921,95118,76474,117,4973,86389],"class_list":["post-460404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cloud-services","tag-nft","tag-alibaba","tag-business","tag-china","tag-marketplace"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=460404"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/460404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/460405"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=460404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=460404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=460404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}