The cloud business unit of Chinese marketplace giant Alibaba Group Holdings launched a new nonfungible token (NFT) solution and then promptly deleted all mention of it online.
According to a now-deleted Twitter post announcing the launch on Wednesday, the firm’s NFT marketplace solution included “web hosting, digital marketing & content delivery” infrastructure but is no longer listed on its website.
There are also no press releases or announcements related to the NFT solution on Alibaba’s website anymore. Meanwhile, the solution’s webpage link still shows up in Google search results and now redirects to Alibaba Cloud’s solution index page.
The reason behind the deleted social media posts and delisting on its website is unclear at this stage. While crypto trading and mining are banned in China, there is a regulatory gray area with NFTs in the country — officials frown upon it but are yet to issue an outright ban.
The shortly…
