Wednesday , October 20 2021
Home / Crypto news / eBay Now Allows the Sale of NFTs on its Platform

eBay Now Allows the Sale of NFTs on its Platform

Summary:
E-commerce giant eBay has become the first in its industry to catch the non-fungible tokens (NFT) mania, as the company is now allowing the sale of NFTs on its platform. According to Reuters on Tuesday (May 11, 2021), eBay said that it would enable the sale of NFTs for digital collectibles such as video clips, images, or trading cards on its marketplace. Meanwhile, the ability to list and sell NFTs would be open only to whitelisted sellers. This could mean that the platform may have an authentication protocol for listing NFTs. The latest development comes on the heels of a recent statement made by eBay CEO Jamie Iannone, who said that the company was exploring the NFT sector. Commenting on the company’s upcoming plans, Jordan Sweetman, eBay’s senior vice president, and

Topics:
Anthonia Isichei considers the following as important: , , , ,

This could be interesting, too:

Felix Mollen writes New York Attorney General Cracks Down On Cryptocurrency Lending Services

Dimitar Dzhondzhorov writes Crypto Frauds in The UK Resulted in 0 Million Stolen in 2021: Report

Mandy Williams writes Circle’s USDC Launches on Hedera Hashgraph

Andrew Throuvalas writes Binance Burns Almost 0 Million Worth of BNB Tokens

E-commerce giant eBay has become the first in its industry to catch the non-fungible tokens (NFT) mania, as the company is now allowing the sale of NFTs on its platform.

  • According to Reuters on Tuesday (May 11, 2021), eBay said that it would enable the sale of NFTs for digital collectibles such as video clips, images, or trading cards on its marketplace.
  • Meanwhile, the ability to list and sell NFTs would be open only to whitelisted sellers. This could mean that the platform may have an authentication protocol for listing NFTs.
  • The latest development comes on the heels of a recent statement made by eBay CEO Jamie Iannone, who said that the company was exploring the NFT sector.
  • Commenting on the company’s upcoming plans, Jordan Sweetman, eBay’s senior vice president, and General manager for the platform’s North American market, said:

“In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform.”

  • The NFTs industry continues to see increased adoption across different sectors, with celebrities and sports stars tapping into the NFT industry.
  • Meanwhile, eBay’s foray into the NFT sector is another indication of the growing e-commerce crypto and blockchain adoption. From PayPal to JD.com, online merchants are increasingly interfacing with the emerging tech.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *