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Home » Amazon Set To Launch NFT Platform Next month

NFT News

Amazon Set To Launch NFT Platform Next month

Mercy Adeola
Last updated: March 9, 2023 4:17 am
By Mercy Adeola
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There are now 15 NFT collections available on Amazon’s “Amazon NFT Marketplace,” which is supposedly set to begin next month.

Amazon Set To Launch NFT Platform Next month
Amazon Set To Launch NFT Platform Next month

With 15 NFT collections already accessible as of the debut date, the tech giant is allegedly launching its NFT marketplace next month. The e-commerce company intends to introduce the “Amazon Digital Marketplace” on April 24, according to sources.

The platform will initially begin providing the service to U.S. users before eventually expanding to other nations. On the actual launch day, the e-commerce company will begin selling roughly 15 NFT collections, the source claims.

Also, you can view the NFT collections on the website by selecting the “Amazon Digital Marketplace” button. Only the Amazon account and a credit card will be used to buy non-fungible tokens.

Those who do not have access to crypto wallets like Metamask can purchase non-fungible tokens using the marketplace. According to the report, the company has been preparing to introduce the NFT services since last year.

Unfortunately, because FTX failed, the launch was postponed. Andy Jassy, CEO of Amazon , is quite aware of the potential of NFTs. Jassy had previously asserted that Amazon was totally on board with cryptocurrencies and NFTs. Jassy stated:

“I expect that NFTs will continue to grow very significantly. We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger and – it’s possible that Amazon ingrates crypto payments.”

NFT platforms like Superplastic, which last month received $20 Million in a series A fundraising round sponsored by Amazon, are already being funded by the company.

In light of this, the e-commerce company’s ambitions to use Web3 technology are beginning to take shape. Consumers will be able to use their credit cards to buy non-fungible tokens through the Digital Marketplace. It’s conceivable that crypto payments will be incorporated in the future.

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