Chinese payment giant Alipay has been a fan of blockchain and non-fundable tokens (NFTs) for quite a while now. The company has again sold out thousands of NFTs, 80,000 to be exact. The NFTs were designed as wallpapers for users’ payment code pages.
Alipay opened sales of the collection built in collaboration with Ant Chain yesterday. Two editions of artworks include NFTs based on a popular Chinese animated movie called White Snake 2: The Tribulation of the Green Snake, which came out in July.
Buyers were able to get the artworks with just 10 Alipay points plus ¥9.90 (~£1.1).
This wasn’t Alipay’s first NFT rodeo. In June, the company released a series of NFTs with flying apsaras and sacred deer, which supposedly can be found in the Caves of the Thousand Buddhas or Mogao Cave located in the Chinese city of Dunhuang.
Founded in 2015, Ant Chain is a company that trades its own flagship products and works on blockchain platforms, including a cloud blockchain service called Ant Group, as well as OpenChain, a decentralised finance (DeFi) app for developers.
Ant Group, Alibaba’s fintech subsidiary, was ranked among the top Chinese industrial blockchain companies back in 2020. It worked on creating e-CNY, the country’s state-operated digital currency, in collaboration with the People’s Bank of China.
Ant Group also launched Blockchain Transmission Network in June. This blockchain communication technology promises to help improve the data throughput and stability of blockchains.
Alipay, one of China’s largest payment apps, has launched NFTs designed as wallpapers for users’ payment code pages and sold out a total of 80,000 copies of the two prints in just one day.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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