Amazon is set to launch its own NFT platform next month. An exclusive report from the big whale indicates that the e-commerce giant will launch this platform on April 24. Initially, platform users will have access to 15 collections, with more expected to be added over time.
The news that Amazon is working on its own NFT platform broke in January. The initiative aims to provide users with a place to trade NFTs in-game to further popularize Web3 gaming. Given the company’s position and huge customer base, this move could be the spark NFTs need to go mainstream. As of now, not much is known about Amazon’s NFT efforts. However, the upcoming market could potentially pose a serious challenge to the dominant forces within the space.
NFTMe and Amazon’s many other Web3 interests
Over the past year, Amazon has shown great interest in NFT and Web3 technologies. News broke early last month that the company was hiring Web3 talent for its cloud services. Additionally, in December 2022, it launched its streaming service, Amazon Prime. “NFTMe”, a show that shares the perspectives of various artists, collectors and industry professionals within the NFT space.
The show has so far attracted more than 50 guests, including influential figures such as Refik Anadol, Queen Diambi of the Congo, Cheryl Douglas, Susaye Greene, Peter Rafelson and many others.
Also, their CEO, Andy Jassy, seems to be quite positive when it comes to NFTs. In the past, he is quoted as saying: “I expect NFTs to continue to grow very significantly. We’re probably not close to adding cryptocurrency as a payment mechanism in our retail business, but I do think over time you’ll see cryptocurrency get bigger and Amazon may integrate cryptocurrency payments.”
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Basil is an avid fan of blockchain technology and all its innovations, and he is passionate about sharing this narrative with his audience. He has spent over five years in the crypto space, specializing in research and creating Web3 content for various media outlets around the world.
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