Amazon Planning to Launch NFT Marketplace in April

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  • Amazon is reportedly putting the final touches on its NFT marketplace
  • Dubbed Amazon Digital Marketplace, it’ll first be available to users in the United States
  • The marketplace will reportedly also link collectibles to tangible items

E-commerce giant Amazon is reportedly putting the final touches on its NFT marketplace in readiness for launch in April. Dubbed Amazon Digital Marketplace, the platform will offer a limited number of NFTs and it’ll first be available to users in the United States. Amazon’s foray into Web 3.0 seems to revolve around digital artworks as there are rumors it’s also working on an NFT-based game.

15 Amazon NFTs for U.S. Customers

According to Yahoo Finance, the Amazon NFT trading outlet will open its doors towards the end of April with 15 digital artworks and only available to U.S-based customers with an intention to later open it to the world. NFT collectors will be allowed to use their debit or credit cards to purchase collectibles, something that moves away from the popular crypto-based NFT trading.

Although “Amazon Digital Marketplace” seems like the name reportedly chosen by the e-commerce heavyweight, other reports indicate that the e-commerce giant is considering naming its collectibles’ trading outlet “Amazon NFT Marketplace.”

The launch will be followed by a feature that allows Amazon shoppers to purchase digital artworks linked to sweatshirts, trainers and other tangible items. Shoppers will receive both the artworks and physical goods delivered to their wallets and doorstep respectively. 

Nike Also Linking NFTs with Physical Goods

The offering seems similar to Nike’s which said it was considering allowing a customer to order a physical sneaker after first purchasing its virtual twin when it launched the .Swoosh Web 3.0 platform. Sources familiar with the developments disclosed that Amazon postponed launching the NFT platform due to an NFT market slump caused by the FTX saga last year.

Amazon’s entry into the NFT world confirms a growing interest by Fortune 500 companies to join the Web 3.0 space