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NFT News

Amazon to Launch its Own NFT Marketplace in April 2023

Amazon NFT marketplace will initially begin providing the service to U.S. users before eventually expanding to other nations.

Written By:
Vismaya V

Last updated: March 7, 2023 11:13 AM
Published March 7, 2023 11:13 AM
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Last updated: March 7, 2023 11:13 AM
Published March 7, 2023 11:13 AM
Amazon to Launch its Own NFT Marketplace in April 2023

On April 24, 2023, tech giant Amazon is allegedly unveiling its NFT marketplace “Amazon Digital Marketplace” with plans to grow within the web3 ecosystem.

The marketplace was apparently planned to go live sooner, but it was delayed for a number of reasons, with even the collapse of FTX cited as a reason by insiders.

The platform will initially begin providing the service to U.S. users before eventually expanding to other nations. Only an Amazon account and a credit card can be used to buy NFTs on the new platform.

On the actual launch day, Amazon will reportedly begin selling roughly 15 NFT collections on the platform. Users can view the NFT collections on Amazon’s website by selecting the “Amazon Digital Marketplace” button. 

In January, it was revealed that Amazon is reportedly launching an NFT project – digital assets enterprise. According to two insiders, it will be based on Amazon rather than its web hosting platform, Amazon Web Services (AWS).

Also Read: AWS taps Ava Labs to bring Scalable Blockchain Solutions to Enterprises

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Vismaya V - Content Writer
By Vismaya V
Vismaya is a crypto content writer with over two years of experience in the field. With a passion for writing and research, Vismaya has made a name for herself in the crypto community with her in-depth analysis and clear explanations of complex topics. In addition to her love for writing and crypto, Vismaya is also a big fan of football and anime.

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