Alibaba sets its sights on NFT through Taobao

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Taobao Maker Festival

 

This is something that the people at Alibaba Group have understood perfectly, they know that NFT has a beautiful present, but an unimaginably bright future. And how do they plan to officially introduce it to China? Well, it's very simple, through the biggest and only one: TAOBAO.

It is worth noting all the restrictions that the Chinese government is having with cryptocurrencies today, but apparently this will not apply to NFTS (at least it seems so), because the stars of this year's "Taobao Maker Festival" are precisely the "Non Fungible Tokens".

In 2016 with a focus on millennials and centenials Taobao(A company that is owned by Alibaba Group) created the Maker festival, which is taking place year after year to showcase technological, artistic, etc. novelties. Needless to say, Taobao is the largest MarketPlace in China, with a focus on consumer-to-consumer sales, i.e.: Entrepreneur-to-entrepreneur.

Chinese artist Heshan Huang will sell his NFT-based real estate at the Maker Festival, a project of Web3Games and NEAR Protocol.

Regulation and Society adoption

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