Amazon, the giant ecommerce company, will launch its NFT marketplace next month. This marks Amazon’s entry in the fast-growing sector of blockchain technology, non-fungible tokens.
Initial announcements of the launch were made in January. Details about the launch have been kept under wraps. Amazon NFT marketplace were rare. Sources familiar with the matter now confirm that the platform will be live on April 24, according to sources. The marketplace will be focused on blockchain-based gaming and allow users to earn NFTs in rewards.
While the initial platform will only be accessible to US users via Amazon Digital Marketplace, the platform is expected to soon become available in other regions. According to reports, the launch of the marketplace was delayed by a variety of factors, including the recent decline in FTX.
It is important to note that Amazon’s entry into NFT comes at a moment when NFTs have been somewhat underused. However, Amazon’s launch of its NFT marketplace is an indication of the increasing acceptance of blockchain technology.
Amazon’s launch of the NFT marketplace is a significant step forward in the blockchain technology industry. This move will be a significant development in the blockchain industry, given Amazon’s influence and reach.