Amazon is Reportedly Planning to Launch its NFT Marketplace Next Month

Amazon is Reportedly Planning to Launch its NFT Marketplace Next Month
CREDIT – Poster Grind

Cetoex News – Amazon has forever reigned over the e-commerce realm. The e-commerce giant unveiled plans to launch its own NFT marketplace. The initial plan, which was unveiled in January, stated that the marketplace was still in development.

However, the exact details of when the marketplace will launch and who will be leading the initiative were not initially available. According to the latest data shared by The Big Whale, the Amazon NFT marketplace is set to launch on April 24.

Source: Business 2 Community

Amazon NFT marketplace to go live on April 24

According to the details revealed by the sources who are familiar with the matter, the e-commerce giant is finally preparing itself to begin its NFT journey. The new NFT marketplace will also focus on blockchain-based gaming for users, where they can earn NFTs in return.

The new platform will initially only be accessible to US users via the “Amazon Digital Marketplace” tab on the website. Other regions will gradually be able to access the marketplace soon.

Source: Cryptoflies

The marketplace was reportedly set to launch early; however, it was postponed for various reasons, including the fall of FTX. The entry of Amazon into the NFT realm comes at a time when the popularity of NFTs are not at its peak.