There is ongoing speculation that leading e-commerce company Amazon may invest more in the Web3 space. In fact, three altcoin projects are included in the investment of the giant company. Here are the details…
Amazon may launch a new product in April: These three altcoins are on the agenda
Just after a January report that Amazon is investigating NFT initiatives to launch in Spring 2023, a new report has emerged with a launch date and more details. According to a report, Amazon will launch an NFT marketplace called “Amazon NFT Marketplace” or “Amazon Digital Marketplace” on April 24. The market will feature 15 NFT collections at initial launch in the United States before expanding to other countries. Collections can be purchased from the user’s Amazon account and with a credit card.
The report said that Amazon has not specified any plans to integrate cryptocurrency payments at this time. Amazon has previously announced partnerships with cryptocurrency-related companies Ava Labs and Chainlink to accelerate blockchain initiatives. Reports previously made statements that Amazon would release crypto-related games that reward users with free NFTs. On the other hand, cryptocoin.com As we reported, it turned out that AWS has also partnered with IOST (IOST). IOST has formed a strategic partnership with Amazon Web Service to build a Blockchain platform.
Many companies launch NFT marketplace
Also, Amazon recently had a job posting for a “Web3 global program manager”. The job posting called on “to help Amazon’s passion with AWS customers in the Web3 space”. Amazon has not confirmed an official NFT marketplace or launch date at this time. If the company enters the Web3 space aggressively, it could be one of the biggest names in the industry. Launching without a crypto option or the requirement to own a crypto wallet could be a use case study to see if it gets more people into the Web3 space.
By launching an NFT marketplace, Amazon could find itself competing with market leaders like OpenSea, Magic Eden and Blur. Blur helped boost NFT trading volume in February, with the highest volume seen since May 2022. The growth came with Blur’s zero-fee marketplace and native token airdrop arriving mid-February. OpenSea, on the other hand, has been the market leader for individual traders for years and has battled competition from large companies and startups. Blur has built a strong professional trader base and its airdrops and rewards have led to an increase in volume.
OpenSea was valued at $13 billion in 2022 and Magic Eden was valued at $1.6 billion. Coinbase Global has launched an NFT marketplace, which is highly anticipated in 2022, with over two million people on the waiting list before launch. The market has seen minimal trading volume in recent months. GameStop also has an in-game NFT marketplace. Amazon, which owns Twitch, may also be looking at gaming-themed NFTs. Amazon also owns MGM, which includes a catalog of video and television content.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.