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Chinese E-Commerce Giant AliExpress Enters The NFT Space – Set To Launch Its NFTs This Month

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AliExpress Enters The NFT Space
AliExpress Enters The NFT Space

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AliExpress, an online e-commerce giant and a Chinese tech behemoth Alibaba subsidiary, has announced plans to launch new non-fungible tokens. AliExpress has joined forces with blockchain tech firm The Moment3 to develop the new NFT project.

AliExpress Enters The NFT Space

In a June 8 blog post, The Moment3 confirmed plans to launch non-fungible tokens in partnership with AliExpress. The integration marks the official entry for the e-commerce giant “AliExpress” in the nascent digital collectible sector. This collaboration marks the most monumental step for The Moment3 and AliExpress.

Launched in 2010, AliExpress is an international marketplace under Alibaba International Digital Commerce Group. The online retail service firm is renowned for offering the latest electronics, fashion, phone accessories, computer electronics, toys, home and garden, home appliances, tools, and home improvement.

AliExpress is one of the largest e-commerce companies in China, with more than 903 million annual active consumers on its online shopping properties. E-commerce comprises small businesses in China and other locations, such as Singapore, offering products to international online buyers.

The Moment3 and AliExpress are set to launch their joint NFT collection on June 25. The highly anticipated NFT project will feature a limited edition of 5,555 NFTs. The moment3 anticipates leveraging these NFTs to offer exclusive benefits by establishing connections with real-world businesses.

AliExpress Crypto And NFT Push

It’s not the first time AliExpress would be entering the crypto industry. Last month, the e-commerce firm partnered with Shopping.io to allow users to pay for their purchases with cryptocurrencies in its major e-commerce stores.

Now, AliExpress accepts crypto payments on its online marketplace and recently added support for the memecoin ‘Floki.’ AliExpress’ entry in the NFT space showcases that the tech firms have begun understanding the need to adopt emerging tech to stay ahead of the curve.

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