Sunday, April 2, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Amazon Crypto

Report: Amazon’s NFT Program Is Coming This Spring

news by news
January 27, 2023
in Amazon Crypto, Amazon NFTs, News, NFT News
0
Report: Amazon’s NFT Program Is Coming This Spring
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit

Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why

Amazon NFTs

As per the latest report, tech giant Amazon is gearing up to delve into the world of digital assets and non-fungible tokens (NFTs). Speaking to Blockworks, sources familiar with the matter said that Amazon is launching a digital assets enterprise and its NFT initiative will come as soon as the spring of 2023.

Sources familiar with the matter said that Amazon is pushing its digital collectibles effort while getting its customers to play crypto games and claim free NFTs in return. The two sources familiar with the matter stated that Amazon is putting up a major focus on blockchain-based gaming as well as other related NFT applications.

These efforts are still in the making. However, the tech and e-commerce giant is likely to bake its crypto ambitions public by April 2023. Speaking to Blockworks, a crypto source said:

Amazon “coming into the space” is “a big one” for crypto “for many different reasons. “We knew it was possible. But now it seems like it’s really happening. That’s going to affect the existing players in the space — if they execute and do this right and are smart about it.”

Amazon to Conduct NFT Drops

One of the sources also stated that as per the earlier plans, Amazon was planning to conduct at least one NFT drop with an artist. But with time, Amazon’s Web3 blueprint also seems to have evolved.

There are not many details regarding the platform that would host Amazon’s NFT gaming initiatives. But the two sources familiar with the matter stated that the NFT initiative won’t be running on the company’s popular Web-hosting platform – Amazon Web Services (AWS).

Amazon CEO Andy Jassy has previously stated that the company won’t be closing doors to digital assets and is open to selling digital assets in the future.

It seems that Amazon is all set to give tough competition to existing NFT marketplaces like OpenSea and Rarible. “With the [number] of customers Amazon has, they could make a huge splash in the NFT marketplace,” one source said.

Additionally, Amazon has been forming key partnerships in the crypto space. Earlier this month, Amazon Web Services (AWS) entered into a partnership with Ava Labs to scale blockchain adoption for enterprises, institutions, and governments.

The post Report: Amazon’s NFT Program Is Coming This Spring appeared first on CoinGape.

Related Posts

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit
24/7 Cryptocurrency News

Breaking: Binance, CZ And Three Top Crypto Influencers Slapped With $1 Billion Lawsuit

April 1, 2023
Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why
24/7 Cryptocurrency News

Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon? Here’s Why

April 1, 2023
Celsius Releases Reorganization Strategy; Finally Some Hope For Retail Customers?
24/7 Cryptocurrency News

Celsius Releases Reorganization Strategy; Finally Some Hope For Retail Customers?

April 1, 2023
Bitcoin Trades Above $28K Despite Fall Of Bittrex U.S.
24/7 Cryptocurrency News

Bitcoin Trades Above $28K Despite Fall Of Bittrex U.S.

April 1, 2023
Breaking: Binance Burns 1.6 Billion Terra Luna Classic Tokens, LUNC Price Jumps 3%
24/7 Cryptocurrency News

Breaking: Binance Burns 1.6 Billion Terra Luna Classic Tokens, LUNC Price Jumps 3%

April 1, 2023
XRP Lawyer States Best And Worst Outcomes In US SEC Vs Ripple Lawsuit
24/7 Cryptocurrency News

XRP Lawyer States Best And Worst Outcomes In US SEC Vs Ripple Lawsuit

April 1, 2023
Next Post
Crypto News Live Updates Jan 27: Bitcoin Struggles; Amazon Looks To Launch NFT Program

Crypto News Live Updates Jan 27: Bitcoin Struggles; Amazon Looks To Launch NFT Program

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

What January US Jobs News Means For Bitcoin (BTC) Price In Coming Months?

What January US Jobs News Means For Bitcoin (BTC) Price In Coming Months?

February 3, 2023
BTC vs Egg: Bitcoin Falls, Eggs Surge, Both By 60% In 2022

BTC vs Egg: Bitcoin Falls, Eggs Surge, Both By 60% In 2022

January 24, 2023
JPMorgan Among Big Banks Bidding To Acquire SVB, But There’s A Catch

JPMorgan Among Big Banks Bidding To Acquire SVB, But There’s A Catch

March 13, 2023
Solana Surges By 40%, ETC Up By 17%; Can Altcoins Keep Up This Rally Ahead?

Solana Surges By 40%, ETC Up By 17%; Can Altcoins Keep Up This Rally Ahead?

January 4, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In