• Alipay, the Chinese payment giant, has found buyers for new NFTs

  • Alipay, one of China’s most popular payment apps, has released non-fungible token artworks designed as wallpapers for users’ payment code pages, with 80,000 copies of both editions selling out in a single day.

    Alipay began selling two editions of artworks based on its own Ant Chain yesterday, featuring the popular Chinese animated film “White Snake 2: The Tribulation of the Green Snake,” which was released in theaters last month.

    Buyers were able to obtain the artworks by paying 10 Alipay points plus 9.90 yuan (US$1.53).

    The latest sales come on the heels of Alipay’s successful June release of NFT art adapted from images of flying apsaras and sacred deer from the Caves of the Thousand Buddhas, or Mogao Cave, in the Chinese city of Dunhuang.

    Ant Chain, founded in 2015, was proud of its flagship products, which included Ant Group’s blockchain-as-a-service cloud service platform and OpenChain, a permissionless/permissioned hybrid chain for developers building decentralized applications.

    Ant Group, Alibaba’s fintech subsidiary, has made significant investments in blockchain technology. Based on a full year of observation and analysis of company data, it was ranked among the top Chinese industrial blockchain enterprises in 2020. It has also worked with China’s central bank to develop e-CNY, the country’s prototype state-run digital currency.

    Ant Group launched the Blockchain Transmission Network in June, a high-speed, long-distance blockchain communications technology that promises to improve data throughput and blockchain stability.

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