Amazon Officially Admits Existence Of New NFT Marketplace Plan

Key Points:

• E-commerce giant Amazon has confirmed the existence of a digital token and library on the e-commerce platform.
• The email provides new details on Amazon’s Web3 expansion plans and hints at where these new tools might live on the platform.
• The e-commerce giant’s embrace of NFT could be a huge step towards the mass adoption of Web3 for its millions of global users.

An email from an official Amazon account appears to confirm the existence of the digital token and library on the e-commerce platform, according to Coindesk.

The email was sent to Coindesk staff as a confirmation after the subscription to Amazon Prime Video channel was automatically renewed. The email also provides new details on the e-commerce giant’s Web3 expansion plans and hints at where these new tools might live on the platform.

“You also need to register as a reseller before listing an NFT for sale.”

Email wrote

Coindesk employees also cannot access digital tokens. It needs to be made clear how the NFT is connected to this subscription renewal, although both the email and the transaction confirmation are received simultaneously.

There have also been rumors that have been circulating for weeks that Amazon is planning to release its own NFT marketplace soon, although Amazon has yet to comment publicly on the reports.

According to sources, the e-commerce giant is said to be launching its own NFT (non-fungible token) marketplace next month. With 15 NFT collections already available from the launch date, it plans to launch “Amazon Digital Marketplace” on April 24.

While details on Amazon’s NFT marketplace are still scarce, sources suggest the platform will initially offer a select number of digital items, such as music and art, with plans to expand to other categories in the future.

The community also expects its vast customer base and global reach. This move could legitimize NFT and drive broader adoption.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News