Amazon, the world’s largest retailer, has been focused on Web3 technologies for some time.
Developments on Amozon’s NFT Initiative
According to multiple sources, Amazon has been buying digital collectibles for some time. These assets are said to include layer-1 blockchains, blockchain-based gaming startups, developers, and digital asset exchanges. According to information from two sources, Amazon is particularly focused on blockchain-based games and related NFT applications.
If we give an example as proof of Amazon’s work in this direction: Amazon has been enabling its customers to play crypto games for some time and request free NFTs in the process. While sources state that the efforts are going further, it is thought that in April, the e-commerce giant will publicize its goals in the crypto space.
Amazon NFT Drop
Again, according to information from sources, one of Amazon’s blockchain-based works is that it wants to make at least one amazon NFT drop with an artist. It is currently unclear who is leading the Amazon NFT initiative in terms of personnel for the company, which has been working in the web3 space for some time. However, work on the platform, which will include specific NFT gaming initiatives, is still emerging.
Knowledgeable Worker About Crypto
In light of information cited by an additional fifth source, Amazon has recently been investigating a number of other Web3 initiatives. One source said that several internal hires would likely be a prerequisite when it comes to both the platform and Amazon’s additional crypto forays. Amazon CEO Andy Jassy stated that the company is generally open to cryptocurrencies.
NFT Market Growth
According to data from Dune Analytics to date, more than 2.5 million users have interacted with OpenSea, today’s leading NFT marketplace, in terms of trade volume. There are now numerous well-established places to buy and sell NFTs.
AWS recently signed a partnership with Ava Labs, the company behind the Avalanche blockchain.
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