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Alibaba to reward NFTs in its first blockchain game

·1 min read

Alibaba is rewarding non-fungible tokens (NFTs) on its first blockchain game Ant Adventure, which can be played through the Alipay mobile application, one of China’s leading mobile payment providers.

See related article: Ant Group’s NFT arm punishes users for digital collectible resales

Fast facts

  • Ant Adventure is powered by Alibaba’s blockchain AntChain, and takes users through a series of quizzes designed to educate the public on fraud.

  • Players earn points by beating levels that can be used to trade for NFT collections.

  • Rewards can be viewed on Alibaba affiliate Ant Group’s NFT market Jingtan, which has a 180-day lock period before assets can be transferred.

  • The China Banking and Insurance Regulatory Commission last week warned against investment fraud in tokens, including rugpulls in blockchain games.

  • China currently has no law or regulation on NFTs and blockchain-based games.

See related article: NFTs may be the next killer app for video games, but some traditional players object