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AliExpress to Launch 5,555 NFTs with The Moment3
AliExpress is launching 5,555 non-fungible tokens (NFTs) sales in collaboration with The Moment3 on June 25. The company disclosed the partnership via its official Twitter handle on Thursday, June 8.
Although AliExpress deleted the post shortly after posting it, Twitter users can still view it on The Moment3’s account.
The partnership project marks another step in AliExpress’ effort to expand into the Web3 space.
AliExpress is a giant in the global e-commerce industry and a subsidiary of China’s largest e-commerce company, Alibaba Group, which has been keen on launching its business into the crypto space.
In June 2022, Alibaba Cloud launched a service that helps build NFT marketplaces. At the time, the firm said the solution addresses compliance issues, enabling a fast and reliable option for building NFT marketplaces
The NFT solution included web hosting, instant messaging, and Content Delivery Network (CDN) service on a global scale.
The CDN service allows data distribution throughout Alibaba Cloud’s service nodes worldwide. And its recent partner, Moment3, is an NFT project that connects real-world businesses with Web3.
The Moment3 offers NFT owners benefits beyond mere collectibles. Through the latest partnership, users can now shop Moment themes on AliExpress.
This is not AliExpress's first attempt to enter crypto this year. On May 4, the e-commerce platform announced a partnership with Shopping.io.
Shopping.io is an online platform where users can shop and pay with cryptocurrencies on top e-commerce stores like eBay and Walmart.
Through the partnership, AliExpress can now accept several cryptocurrencies as payments. It added the meme coin FLOKI to the list of supported digital assets on May 31.