• Amazon reportedly sent an email to CoinDesk confirming the existence of digital tokens and an NFT gallery on its platform.
• Rumors have been circulating since January that Amazon is planning to launch its own NFT marketplace soon.
• Crypto news sites Blockworks and The Big Whale suggest that the NFT feature will be launched on April 24.
Amazon Teases NFT Plans
Amazon appears to have confirmed the upcoming launch of digital tokens, an NFT gallery, and resale opportunities in an email sent to CoinDesk’s Nikhilesh De. Rumors about Amazon’s plans for Web3 expansion have been circulating since January 2021, with crypto news sites Blockworks and The Big Whale suggesting a possible launch date of April 24th.
Confirmation Email
The confirmation email was sent to De after he renewed his subscription for a Prime Video channel. It gave no further details as to what exactly these new tools may contain or where they might live on the e-commerce platform.
Rumors On Web3 Expansion
Crypto news site Blockworks first suggested that Amazon might be releasing its own marketplace for non-fungible tokens (NFTs), citing anonymous sources who claimed it would focus on blockchain-based gaming and related applications. The Big Whale followed up with a report earlier this month giving the feature a tentative release date of April 24th.
Impact On Digital Assets
The addition of digital assets to Amazon could potentially revolutionize the industry, as it would open up access to millions of users who already use the platform regularly and trust it implicitly. This could lead to increased demand for NFTs, which has already seen explosive growth over the past few months due to popular projects such as blockchain-powered collectibles like CryptoKitties or decentralized finance (DeFi) platforms like MakerDAO.
Conclusion
Only time will tell if Amazon’s rumored plans come into fruition, but if so, it could significantly change how people interact with digital assets online by making them more accessible than ever before.