{"id":7583,"date":"2023-06-09T15:27:53","date_gmt":"2023-06-09T15:27:53","guid":{"rendered":"https:\/\/www.bitrabo.com\/community\/e-commerce-giant-aliexpress-to-launch-nfts-sale-in-partnership-with-the-moment3\/"},"modified":"2023-06-09T15:28:18","modified_gmt":"2023-06-09T15:28:18","slug":"e-commerce-giant-aliexpress-to-launch-nfts-sale-in-partnership-with-the-moment3","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/e-commerce-giant-aliexpress-to-launch-nfts-sale-in-partnership-with-the-moment3\/","title":{"rendered":"AliExpress to Launch NFT Sales in Partnership with The Moment3"},"content":{"rendered":"\n<div>\n<p>E-commerce giant AliExpress is teaming up with The Moment3 to launch the sale of 5,555 non-fungible tokens (NFTs) on June 25th. The partnership was announced through AliExpress&#8217; official Twitter account on June 8th. This collaboration demonstrates AliExpress&#8217; efforts to expand into the Web3 space.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Accelerating_Web3_and_Cryptocurrency_Plans\"><\/span>Accelerating Web3 and Cryptocurrency Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>AliExpress, a subsidiary of Alibaba Group, one of China&#8217;s largest e-commerce company, has shown interest in launching its business into the crypto space. Alibaba Cloud launched a service in June 2022 that helps build NFT marketplaces, which addresses compliance issues and enables a fast and reliable option for creating NFT marketplaces.<\/p>\n<p>The Moment3, AliExpress&#8217; recent partner, is an NFT project that connects real-world businesses with Web3. Through this partnership, Moment themes are now available on AliExpress. This marks AliExpress&#8217; second foray into the crypto space, following its partnership with Shopping.io, which allows users to shop and pay with cryptocurrencies on top e-commerce stores such as eBay and Walmart.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Legal_Standing_of_NFT_Trading_in_China\"><\/span>Legal Standing of NFT Trading in China<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although Alibaba Group is headquartered in China, it doesn&#8217;t serve customers in mainland China. Its services are designated for international customers, which explains why the company can accept crypto payments despite the Chinese government&#8217;s ban on cryptocurrency transactions. In September 2021, China prohibited all crypto transactions, and the government has issued multiple warnings on the risks of NFTs speculation. In a recent development, China&#8217;s Supreme People&#8217;s Procuratorate issued various statements on the financial risks associated with NFT markets, including illegal fundraising, scams, and price manipulation. Despite this, AliExpress is moving forward with its NFT sale.<\/p>\n<p><em>Featured image from Pixabay and chart from TradingView.com<\/em><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>E-commerce giant AliExpress is teaming up with The Moment3 to launch the sale of 5,555 non-fungible tokens (NFTs) on June 25th. The partnership was announced through AliExpress&#8217; official Twitter account on June 8th. This collaboration demonstrates AliExpress&#8217; efforts to expand into the Web3 space. Accelerating Web3 and Cryptocurrency Plans AliExpress, a subsidiary of Alibaba Group, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7585,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"AliExpress to Launch NFT Sales in Partnership with The Moment3 - Bitrabo","description":"E-commerce giant AliExpress is teaming up with The Moment3 to launch the sale of 5,555 non-fungible tokens (NFTs) on June 25th. The partnership was announced th"},"footnotes":""},"categories":[316],"tags":[1703,1702,945,484,1704,531,924,781],"class_list":["post-7583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-aliexpress","tag-ecommerce","tag-giant","tag-launch","tag-moment3","tag-nfts","tag-partnership","tag-sale"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=7583"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/7585"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=7583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=7583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=7583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}