As the latest reports state, Amazon will launch NFT project soon. The e-commerce giant is planning to enter the world of NFTs and digital assets. The report states that the company has plans for its NFT initiative as early as the spring of 2023.
The sources revealed that Amazon has decided to promote its digital collectibles initiative besides encouraging its customers to play crypto games in exchange for free NFTs or Non-fungible tokens. Lately, the e-commerce giant is also working hard on blockchain-based gaming creation besides other related NFT applications that are scheduled to be unveiled this year.
Amazon Will Launch NFT: Web3 Initiatives At Amazon
The news that states Amazon will launch NFT project offers insight into a new evolution of the earlier rumored efforts to collaborate with the Web 3.0 native artists. NFTme has been a popular series where Amazon gained much fame. It involved the NFT culture and its disruption across the world. For more related tech news, visit https://cryptoventurenews.com/category/cryptocurrency-news/tech-news/.
Based on this, a crypto source mentioned,
“Amazon coming into space is ‘a big one’ for crypto for many different reasons. We knew it could happen. But now it appears that it is actually happening. That will have an impact on the existing players in the space if they execute and do this correctly and wisely.”
CEO of Amazon, Andy Jassy, has stated earlier,
“We are not closing the door on some crypto, and reiterated that Amazon is open to selling NFTs.”
Amazon Foresees 2023 To Reveal The Big Web3 Plans
Sources hinted that Amazon will launch NFT project and will publicly disclose its crypto ambitions in April 2023. The sources mentioned,
“With Amazon’s number of customers, they could make a huge impact in the NFT marketplace.”
On 11 January, Ava Labs, the company behind Avalanche blockchain, announced a partnership with Amazon Web Services (AWS). Emin Gün Sirer, the CEO of AVA described it as –
“A huge boon for both individual and enterprise developers to be able to spin up nodes and test networks on the fly with AWS in whatever legal jurisdiction makes the most sense for them.”
Thank you for taking the time to read the entire article. Would you mind sharing your thoughts on this? If you have any comments, please let us know. Contact us if you would like an article written for you at — [email protected] or leave a comment down below. You can read more great articles about the latest tech news in the Tech News section under the Cryptocurrency News category. Get in touch with us via Facebook, Twitter, Instagram, Telegram, or the Official Website of Crypto Venture News.
- AI Blockchain Projects: 8 Effective Ventures To Know Now - 03/08/2024
- Hyperledger Fabric: Why Has It Become So Famous? - 03/08/2024
- Ethereum Name Service: An Easy Step-By-Step Guide For You - 03/08/2024
