- The marketplace will first be available to users in the United States, before expanding.
- 80 NFT collections were chosen by the online retail behemoth for its NFT marketplace.
Amazon’s NFT marketplace debut has been pushed out to May, a few weeks later than originally planned. According to prior reports, the IT giant was planning to debut the “Amazon Digital Marketplace” on April 24. The marketplace will first be available to users in the United States, before expanding to other nations.
After the November collapse of the crypto exchange FTX, Amazon decided to delay the debut of its NFT marketplace until the end of 2022 due to difficult market circumstances. The newest holdup is a result of precautions being taken to guard against technological errors and unforeseen circumstances.
Apparently, Amazon has pushed back the release date of their NFT platform “Amazon Digital Marketplace” from April 24 to May 15 due to preparation issues.
The NFT community, in particular, is looking forward to the Amazon Digital Marketplace’s launch the most. According to the Big Whale, there are both technological and economic hurdles facing the e-commerce behemoth.
Major Step Forward for Web3 Adoption
On the day of the launch, Amazon intended to offer about fifteen NFT collections. However, 80 NFT collections were chosen by the online retail behemoth for its NFT marketplace.
Bored Ape, Mutant Ape, the World of Women line, Beeple, and Pudgy Penguins are just some of the rumoured NFT collections. Not the primary NFT collections, but certain claimed benefits and merchandise will be on sale.
Amazon’s new digital marketplace might be a major step forward for Web3’s widespread adoption, but it won’t take cryptocurrencies as payment for NFTs. It will be accessible on a private blockchain via the “Amazon Digital Marketplace” section of Amazon’s website.
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