Business News Report
March 07, 2023

Amazon Reportedly Plans to Launch an NFT Marketplace, Coming in April

In Brief

Tech giant Amazon reportedly plans to launch an NFT marketplace, coming on April 24

Amazon users will be able to purchase NFTs by paying with credit cards.

Amazon Reportedly Plans to Launch an NFT Marketplace, Coming in April

Tech giant Amazon reportedly plans to launch an NFT marketplace. According to The Big Whale, the marketplace will go live on April 24.

Amazon’s web page dedicated to non-fungible tokens will be available through a tab named “Amazon Digital Marketplace.” In April, it will only be available for United States-based users. Following this, the initiative will be launched in Europe and the rest of the world. 

To start, Amazon’s marketplace will host 15 NFT collections. However, at the moment of writing, there is no precise information about featured artists or projects. 

Token purchases will only be available for users that have Amazon accounts. Notably, individuals will be able to pay with bank cards. The company chose this payment option to facilitate the utilization of the platform, as customers might find traditional crypto wallets like Metamask too complex.

The organization will reportedly launch its marketplace on a blockchain platform that is not compatible with Ethereum. If so, creators that want to mint NFTs on Amazon’s platform will have to develop bridges. If launched right, Amazon’s NFT marketplace could boost the adoption of non-fungible tokens and blockchain and bring development into the industry.

Generally speaking, the company is not new to NFTs. In February of this year, Amazon’s Alexa Fund led the Series A round of the toys and NFT creator Superplastic. The fundraising came alongside a deal between the two – the companies plan to collaborate on an animated comedy series, “The Janky & Guggimon Show.”

Amazon has also recently registered several web3-related trademarks – however, the application is focused on artificial intelligence tech applied to web3. 

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
News Report Technology
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
November 21, 2024
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
News Report Technology
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
November 21, 2024
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
News Report Technology
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
November 21, 2024
Gate Group Introduces Gate Crypto Card, Offering Seamless Global Crypto Payments For EEA Residents
News Report Technology
Gate Group Introduces Gate Crypto Card, Offering Seamless Global Crypto Payments For EEA Residents
November 21, 2024