Alibaba’s cloud services unit jumps on NFT bandwagon amid a global market downturn for these digital assets

  • Alibaba Cloud’s NFT-related services include web hosting, digital marketing and content delivery
  • That followed its recent introduction of metaverse -related offerings, including data analytics, artificial intelligence and blockchain-as-a-service

Alibaba Cloud’s foray into NFT-related services has come amid a global sales downturn for these digital collectible assets. Photo and illustration: Shutterstock
E-commerce giant Alibaba Group Holding’s cloud computing unit has launched a new range of services outside mainland China for non-fungible token (NFT) platforms, even as global sales of these digital collectible assets have been on a downward trend.
Alibaba Cloud services being offered for this market segment include web hosting, digital marketing and content delivery, according to a statement the company posted on Twitter on Wednesday. Alibaba is the owner of the South China Morning Post.
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