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Alibaba is already offering NFTs from China’s Xpeng

Alibaba is already offering NFTs from China's Xpeng

According to reports, Xpeng, a Chinese electric vehicle maker, would begin selling ‘digital treasures’ on Alibaba’s Jingtan platform.

This decision was taken as part of the company’s celebration of producing its 100,000th vehicle.
According to reports, Jingtan, Alibaba’s online NFT shop, sells automobile-themed NFTs for 19.9 yuan (US$3.12). It’s even feasible to test drive a car in a dealership parking lot. The NFTs will be built using AI painting.

Auchan Auto promoted its most current model by releasing NFTs on Tencent’s NFT market platform early this year. Buyers may pre-purchase the automobile as part of a promotional effort in order to test drive it for a year.

As China continues to tighten its monitoring of Metaverse and NFTs, the word “digital collectibles” seems to be utilized by Chinese firms to escape official media censure of NFTs.

According to a statement issued today by the People’s Bank of China, the People’s Bank of China has chosen to extend its digital yuan trials in China from the current eleven cities and areas to an additional eleven cities and regions.

About Humano

He is a freelance writer based in Turkey. He loves NFTs, football, film and technology.

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