• analysiswatch

Title: Alibaba Cloud Launches 3 NFT Market Solutions for Creators



Jun 09, 2022 02:30AM ET


By: AnalysisWatch


Alibaba Cloud has launched NFT market solutions.


NFT solutions are services that allow artists and creators to easily monetize their NFT projects.


The online hosting services allow investors to build a reliable NFT marketplace that is highly flexible through Alibaba Cloud Elastic Compute Service and automatic scaling.


Alibaba Cloud has launched a market solution for non-fungible tokens as the number one cloud computing service provider in China.


NFT solutions are services that allow artists and creators to easily monetize their NFT projects. They include web hosting services, digital marketing and global delivery.


Alibaba Cloud Elastic Compute and automatic scaling allow investors to build a reliable NFT marketplace with high flexibility through Alibaba Cloud Elastic Compute.


It can store static content such as images and text in the Object Storage Service, as well as other non-volatile data such as platform IDs and user aliases in the database.


NFT's digital marketing solution relies on Alibaba Cloud to provide powerful marketing channels to reach customers through the Short Message Service. This allows batch advertising and confirmation messages to be sent to customers worldwide.


SMS selects the best route in real-time and provides authentication to ensure messages are sent in a timely and secure manner.


Alibaba Cloud also provides a content distribution network and a server load balancer, enabling high-performance content distribution for NFT applications worldwide.


They say their classic load balancer runs at Layer 4 and supports up to 100,000 QPS, while their application load balancer runs at Layer 7 and supports up to 1,000,000 QPS.


The cost of these services ranges from $1 to $26,840.00 per year.


Non-fungible tokens are tokens that represent unique ownership of assets. These assets can be music, videos, games, pictures, art, etc. NFTs are non-replaceable and non-convertible. This offers NFT artists and creators a unique opportunity to monetize their intellectual property.

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