- Alibaba (NYSE:BABA) Cloud has launched NFT market solutions.
- The NFT solutions are services to enable artists and creators to monetize their NFT projects with ease.
- Under the web hosting services, investors can build a reliable NFT marketplace with high elasticity using Alibaba Cloud Elastic (NYSE:ESTC) Compute Service (ECS) and Auto Scaling.
Alibaba Cloud has launched a market solution for non-fungible tokens (NFT) as China’s number one cloud computing service provider.
The NFT solutions are services to enable artists and creators to monetize their NFT projects with ease. They include web hosting services, digital marketing, and Global delivery.
Under the web hosting services, investors can build a reliable NFT marketplace with high elasticity using Alibaba Cloud Elastic Compute Service (ECS) and Auto Scaling. In it, static content such as images and text in Object Storage Service (OSS) can be stored, likewise other non-sensitive data such as a platform ID and user alias in a database.
For the NFT digital marketing solution, Alibaba Cloud provides efficient marketing channels for reaching customers via Short Message Service (SMS). With this, promotional notification and verification messages can be sent in batches to customers worldwide. The SMS selects the best route in real-time and provides authentication to ensure the messages are sent on time and safely.
Alibaba Cloud also offers a Content Delivery Network (CDN) and Server Load Balancer (SLB), which provide high-performance content delivery for NFT applications across the globe. According to them, their Classic Load Balancer (CLB) runs at Layer 4 and supports up to 100,000 QPS, while their Application Load Balancer (ALB) runs at Layer 7 and supports up to 1,000,000 QPS.
The costs of these services range from $1 to as much as $26,826.00 per year.
Non-fungible tokens (NFTs) are tokens that represent the unique ownership of assets. This asset can be music, videos, games, pictures, arts, etc. NFTs are neither replaceable nor interchangeable. This affords NFT artists and creators a unique opportunity to monetize their intellectual property.