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Alibaba launches NFT-Copyright trading platform

No, copywriters are not being sold into slavery yet. Only the Chinese give out unlicensed for licensed and offer inventors to work for more than a modest fee.
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Alibaba is launching a copyright trading platform in the NFT format. The full name of the new service is Blockchain Digital Copyright and Asset - Trade. You can get access to it through Alibaba auctions.

Tokenized intellectual property licenses - NFT copyrights-will be minted on a new decentralized chain, centrally managed by the Copyright Committee of the Sichuan Blockchain Association. Yes, we also believe that the phrase "centrally managed decentralized chain" requires further clarification.

The platform has already started its work, and you can find several NFTs on it, bidding for which will start in September. To participate in the auction, participants will need to pay a deposit of about $ 80. The reserve price of each lot is $ 15.

The attempt of the Chinese corporation to enter the market received a portion of criticism. The creators of the first NFT could not clearly formulate what rights are transferred to buyers. And an unlicensed Star Wars fan art was noticed on one of the tokens.

Earlier, Alibaba, together with Microsoft, announced a blockchain service to combat file sharing, allowing users to benefit from the fight against pirated software.

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