Amazon Set To Shake Up NFT Market With New Marketplace Launch On April 24

Amazon Set To Shake Up NFT Market With New Marketplace Launch On April 24

E-commerce giant Amazon is reportedly set to launch its very own NFT (non-fungible tokens) marketplace next month, according to sources. With 15 NFT collections already available from the launch date, it plans to launch the “Amazon Digital Marketplace” on April 24. Its entry could legitimize NFTs and drive mainstream adoption. The upcoming launch is a strategic move for Amazon to enter the crypto space, following in the footsteps of other major companies, such as Visa and PayPal, who have already incorporated cryptocurrencies into their operations. With its massive customer base and global reach, the move could legitimize NFTs and drive further mainstream adoption. While details of Amazon’s NFT marketplace are still scarce, sources suggest that the platform will initially offer a select range of digital items, such as music and art, with plans to expand into other categories in the future.