bitcoin

eBay permits sale of NFTs on its platform

American multinational e-commerce corporation, eBay inc has approved the sale of non-fungible tokens (NFTs) for digital collectibles; including images, videos, and trading cards on its platform.

This move is less surprising – CEO Jamie Lannone told CNBC that the company was open to the possibility of accepting cryptocurrency as a means of payment. He also admitted that they are looking for a way to enter the NFT market.

“In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform,” Jordan Sweetnam, a senior vice president and general manager for eBay’s North America market said.

An eBay spokesperson explained to Coindesk, that the company is excited by the development.

“We are excited about the underlying capabilities and how blockchain-driven collectibles bring trust and authenticity, key components of a marketplace, to the digital space,” 

eBay will provide non-fungible tokens inventory to sellers who meet the standard but more tools and programs will be introduced to allow users to trade NFT across more categories.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

Check Also

Stablecoin growth

Stablecoin growth can be disruptive for the securities markets, says Fitch report

Stablecoin growth can be disruptive for the securities markets, says one of the ‘Big Three’ …

Leave a Reply

Your email address will not be published. Required fields are marked *