Amazon Rumored to Launch Its NFT Marketplace This Month

Amazon Rumored to Launch Its NFT Marketplace This Month – Here’s What You Need to Know

Updated: 04 May 2023

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Amazon, the world’s largest e-commerce behemoth, is reportedly preparing to launch its highly anticipated non-fungible token marketplace before the end of this month. The e-commerce giant was scheduled to launch the new NFT marketplace sometime in April but was supposedly delayed due to technical glitches.

Amazon Rumored To Launch Its NFT Marketplace This Month

In recent weeks, rumors have been swirling that Amazon is planning to release its own non-fungible token marketplace. Even though Amazon has not yet commented on the reports, people familiar with the matter have projected that the most-awaited NFT marketplace will launch this month.

Established in July 1994, Amazon is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. Amazon is one of the largest e-commerce globally, featuring more than 197 million active monthly users.

The e-commerce behemoth was reportedly scheduled to launch its non-fungible token market platform in 2022. Earlier this year, Crypto news site Blockworks first touted the same idea, citing anonymous sources. Since then, more crypto news websites, including “The Big Whale,” have made the same guess.

The Amazon NFT Marketplace Overview

In a May 3 blog post, Moritz, an on-chain researcher, and NFT collector, who has been in the non-fungible token market since 2021, has drawn an imagery picture of how the highly anticipated Amazon NFT market platform will probably look like.

Amazon is launching its NFT marketplace in 12 days and it is huge for web3.

Everything you need to know and why you should care about it??

(1/14) pic.twitter.com/NaCWOsPxLR

— Moritz (@moritz_web3) May 3, 2023

E-commerce giant Amazon’s NFT marketplace is a potential game changer for NFT collectors entering the NFT space. The new NFT marketplace will simplify NFT purchases, letting collectors pay with fiat using your credit card. It will require just a self-custody wallet or just an Amazon account.

Amazon will fuse the new blockchain technology with its products to offer an exclusive phygital experience. In this case, users will able to buy NFT-inspired products with a credit card and get physical products delivered right on their doorstep. Let’s wait for things to unfold in the coming weeks.