AliExpress, a subsidiary of Chinese e-commerce giant Alibaba Group, is set to launch a collection of 5,555 non-fungible tokens (NFTs) on June 25. The NFTs, which will be based on the Moment3! project, will be available for purchase on the AliExpress website and mobile app.
The Moment3! project is an ambitious NFT initiative that aims to connect real-world businesses with the crypto community. NFT owners will be granted exclusive rights and benefits, such as discounts on products and services from participating businesses.
AliExpress’s entry into the NFT space is a significant move for the company. It is the first major e-commerce platform to offer NFTs for purchase. The move is also a sign of the growing popularity of NFTs, which have seen a surge in demand in recent months.
The Chinese government has taken a cautious approach to cryptocurrencies and NFTs. However, AliExpress’s global reach means that it is not subject to the same restrictions as its parent company. This gives the company an opportunity to tap into the growing demand for NFTs from users outside of China.
AliExpress’s move into the NFT space could set a precedent for other major e-commerce platforms. As the popularity of NFTs continues to grow, it is likely that we will see more companies offer NFTs for purchase.
Here are some of the key takeaways from this article:
- AliExpress is set to launch a collection of 5,555 NFTs on June 25.
- The NFTs will be based on the Moment3! project, which aims to connect real-world businesses with the crypto community.
- NFT owners will be granted exclusive rights and benefits, such as discounts on products and services from participating businesses.
- AliExpress’s entry into the NFT space is a significant move for the company and could set a precedent for other major e-commerce platforms.
This information is published by the NFT News media team.
