At a time when the cryptocurrency market has shown signs of recovering after a bloodbath year, global e-commerce giant Amazon too seems to be showing faith in the future of crypto.
Amazon is reportedly set to enter the crypto space with its own NFT marketplace next month.
Amazon is launching its NFT marketplace next month?with 15 NFT collections set to be available from the launch date itself.?
According to various reports, Amazon plans to launch the ¡°Amazon Digital Marketplace¡± on April 24. The platform will start offering the service to U.S. customers first and will gradually roll out to other countries.
The NFT collections will reportedly be available on Amazon¡¯s website and can be seen by clicking the ¡°Amazon Digital Marketplace¡± tab. NFTs will only be purchased from the Amazon account and through a credit card.
NFT service through the Amazon platform allows people who do not have access to crypto wallets like Metamask to buy NFTs. It claims Amazon was already planning to launch the NFT services since last year. However, the launch was delayed following the collapse of FTX.
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In January, Amazon Web Services?partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology. With the launch of an NFT marketplace, Amazon takes another step into the Web3 ecosystem, and joins other giants like Meta and Google, as per crypto media firm Coingape¡¯s report.
It had reported that Amazon Web Services had also tied up with public blockchain VeChainThor for blockchain-based carbon management services.
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