To enter the Chinese market foreign company must be a partner with a local entity although it makes transactions virtually. Recently, Powerbridge (Nasdaq: PBTS), China’s multi-industry technology solutions provider got a license to sell WFC or World Football Collection’s NFT collectibles in Ali Auction.
The Soccer NFT collection is one of the best liquid non-fungible token series that already broke record high sales just within an hour.
Alibaba’s Ali Auction is one of the most prominent online auction marketplaces with more than 2 million active users daily. Partnering with WFC is just the beginning for Powerbridge. There are thousands of collectibles that still await their legal sellers in mainland China.