Amazon’s Upcoming NFT Marketplace Discussed

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Ralph Chua is a publisher. He is passionate about NFTs and blockchain technology. This website is curated with content from his favorite source of information. He created this website with the intention to stay up to date with the ever-evolving and groundbreaking NFT industry.

Alrighty let's get into it Let's do it So we spoke about Amazon coming into the NFC space Um uh well rather the web through space And they're doing a lot of different Things but something that has been Confirmed is they are going to be Launching an nft Marketplace and that's One of the things they're doing and the Interesting thing okay and I'm really Interested to see what you think they're Not going to be accepting crypto so you Can buy nifties but it's only credit Card there will be no metamask there'll Be no crypto to begin with they they're Saying you know there's no immediate Plans to have crypto I was wondering Like what you think why are they doing That and what you think about that Here's what I think it doesn't really Matter because it's all digital currency Either way like the credit card is Digital currency it's just backed by People this is backed by You know the banks versus being backed By like ethereum I actually don't have That big of an issue with it I'm more Interested in the culture changes slash Uh how people perceive buying digital Collectibles as a as a thing I'm much More interested in that and I think Amazon's probably playing a long game And realizing that there's no reason to

Jump in straight in all the way and Adopt too much web3 when it's not really In the times yet so that's kind of my Perspective on it I don't know I hope That's kind of what it is because if That is then I'm kind of down for that Uh don't ever have an issue with that I'd rather them start like this and have Digital if they're really digital assets Then I'm down if they're selling digital Assets I'm happy dude I'm happy yeah so That's what they're doing they're going To be marketing it to be massive massive Customer base Um and I think also the other long-term Play for them is I think they're Starting to realize that nfts will at Some point be a part of physical Products So when you buy your Rolex Watch on Amazon it will come with an nft And I think they want a front run dent And they want to they want to be able to Accommodate that as well so not so much Only for the pfp but also to prepare Themselves for the future when a lot of Of physical products are going to come With an nft Um which is which is you know going to Be interesting to see it's about getting Ahead of the game over there which is Which is quite cool Um but yeah I mean Amazon's got 167 Million Um customers I mean Prime members just

In the United States are known so for Them to send out an email to say hi I'm Looking you can now buy nfts even if 0.01 of those people actually get Converted that's still 1.6 million People that before were not in nfts that Now are so very interesting and I think It's quite bullish you know yeah yeah I Agree I'm with you we'll be very Interested to see what the guys and the Guys and girls in the comments think About this Um yeah that's our perspective on it Yeah so they've given a date of April to May Um so I mean we all know what that means It could be any anything I mean yeah and Um yeah it's going to be interesting to See what type of Um platform they they adopt is it going To be like an open seat type thing or is It going to be like a blur more like a Trader I would imagine they'd go more Like the open Seaway sort of like images You know visuals things like that will Obviously fit into the existing way that They show their products Um but definitely one that's that's very Very exciting for the space I mean I I Keep like I don't want to sound like This constant a Negative Nancy or Whatever but I keep thinking how big it Was when coinbase said they were doing Their nft Marketplace and what a big L

That ended up being I know that Amazon Is a lot bigger Um I just I just hope it works out for You know the way that we wanted to Um Sort of thing

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