20/08/2021 Alibaba's NFT Marketplace Allows Content Creators to Copyright Work via Blockchain IP Service: Report


Alibaba's NFT Marketplace Allows Content Creators to Copyright Work via Blockchain IP Service: Report


The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology.

Alibaba’s NFT Market Offers Blockchain Copyright Service

Alibaba is a large corporation from China that specializes in internet services, technology, and e-commerce solutions. The company, founded in 1999, quickly catapulted to being one of the biggest in the world with $257 billion in assets under its wing. Alibaba has raked in $21.8 billion in revenue so far in 2021 and the company has been involved with cryptocurrency and blockchain solutions for years now.

The billion-dollar company has launched its NFT marketplace this week according to a report published on August 17 by the South China Morning Post (SCMP). It’s worth noting that the Hangzhou-based tech giant also owns SCMP. The report says that the NFTs issued are minted on what’s called the “New Copyright Blockchain” and that it is operated by the Sichuan Blockchain Association Copyright Committee.

One of the Alibaba NFT marketplace services is called “Blockchain Digital Copyright and Asset Trade,” and it allows any content creator to copyright material via the blockchain and sell the rights (tokens) as well. The copyright is basically tokenized, and only the owner of the token truly owns the content according to the Alibaba NFT marketplace intro page. SCMP reporter Josh Ye details that the Alibaba NFT platform “already has numerous products listed,” but they won’t see an auction until next month.

South China Morning Post, Tencent, Ant Group Launch NFTs

Josh Ye also notes that one item is a Star Wars illustration and a painted rendition of Sichuan’s West Pearl Tower. “Each auction starts at 100 yuan (US$15), and bidding requires a 500 yuan deposit,” the SCMP writer notes. The reporter also details that SCMP will be issuing non-fungible token assets similar to American magazine corporations like TIME, USA Today, and Fortune.


In addition to Alibaba, the company’s fintech affiliate Ant Group is jumping into the NFT industry and the Alibaba NFT market is connected with Tencent Holdings as well. On the global playing field, Alibaba will have to face challenges from other markets that have raised millions of dollars this year like RaribleOpensea, and Makersplace. Further, the Crypto.com and FTX-branded NFT marketplaces will also be Alibaba’s competitors.



Interesting NFTs
अर्धनारीश्वर (Ardhanarishvara)
Eastern philosophy, especially Hinduism is a myriad cauldron of schools and thoughts and I get confused and confounded - mostly because it requires years of reading and understanding. Purusha - represented in the male form represents "Pure Consciousness" Prakriti - represented in the female form represents "The Primary Substance" When you bring them together, a representation of pure consciousness within the original form is what we are in essence. The passive force (Purusha) and the active force (Prakriti) are intertwined, inseparable and represent the non-duality of the supreme being - both father and mother, both aloof and active, both fearsome and gentle, both destructive and constructive - thereby speaking to the unification of all that is opposite and contrasting to represent a whole. Ardhanarishvara reconciles and harmonizes the two conflicting ways of life: the spiritual way of the ascetic as represented by Shiva, and the materialistic way of the householder as symbolized by Parvati. It also represents the presence of both in each being. Every human within them contains Shiva and Parvati in varying degrees. There exists a spectrum between the binaries of males and females, and that spectrum is where we find balance in life. Collaboration : Indrani Mitra imagined Parvati and Vishesh Chopra crafted Shiva
Lovers and unravelled obi, from the series Picture-book Models of Couples
Katsushika Hokusai (1760-1849) Lovers and unravelled obi, from the series Picture-book Models of Couples 1812 - Japan
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole' is the first programmable piece of art by Kitty Bast. The owner constructs, modifies & tattoos their very own Doll Lady... Is she falling down a rabbit hole, lost in a sea of cats or gazing into the unknown void? Do you like Pink Ladies or Lilac Ladies? Or do you pick the Wild Card? There's always a wild side to an innocent doll face. Is she obsessed with crypto ponies or crypto kitties? Or does she have an insatiable desire for Mr. Honey Badger. Come inside and have a nice cup of NFTea with the bunnies. Is your lady chained to the blockhain? Does your lady shed Bitcoin tears or ETH tears? Does your doll face don a Rotten Heart? Do you HODL to the Moon to meet the ETH Kitty? Do you have an obsession for cyborgs or Puddin'? Would you like a slice of Death by Pink? Is The Cat's Eye green or golden? Little trolls with mini daggers not included. The cheshire cat might trade you his ears for your goggles. Modifications of the Host. How long is forever? Sometimes, just one second.
trump 2020
This is a photo i took of my son playing around in one of our cat carriers, redressed to express the concern and damage the continuation of the trump administration could bring to the world in 2020 and beyond. Unlike the majority of my historic work found on opensea, all content was conceived and taken by me, so felt perfect to use as my first piece on Known Origin.
Disintegration #5/50
Back into the void