This year's Taobao Maker Festival will feature nonfungible tokens (NFTs) for the first time. Huang Heshan, a Chinese artist, will sell NFT-based real estate built by Near Protocol. More than 1,000 virtual structures make up the "Bu Tu Garden," including ten "luxury single-family villas," 300 high-end condos, and a thousand "umbrella" parasols. The event will be place in Shanghai from July 17 to July 25 this year.