E-Commerce Giant Ebay Now Allows NFT Sales Citing ‘Massive Wave of Attention’


Ebay, which has 187 million patrons on its platform, is now permitting the sale of non-fungible tokens (NFTs), the corporate has introduced. Ebay says: “That is solely the start. This preliminary rollout will assist us study extra about what’s necessary to our group.”

Ebay Updates Insurance policies to Permit Sale of NFTs

Ebay Inc. introduced Tuesday that sellers can now promote non-fungible tokens (NFTs) on its platform, which at present has about 187 million patrons.

“Lately, we’ve seen a large wave of consideration, media protection, and on-line dialog round high-end collectibles – or what many are calling alternate property. Curiosity and investments have spanned every thing from buying and selling playing cards and comics to collectible sneakers and artwork,” the corporate wrote, including:

At present we’re updating Ebay’s coverage to incorporate the sale of NFTs. Within the brief time period, NFT stock might be supplied by trusted sellers who meet our excessive requirements, throughout classes like buying and selling playing cards, music, leisure and artwork.

Ebay continued: “That is solely the start. This preliminary rollout will assist us study extra about what’s necessary to our group. Count on to see applications, insurance policies and instruments that may permit our audiences to purchase and promote NFTs with better ease and confidence, throughout a broader vary of classes.”

The corporate famous that “Within the coming months, Ebay will add new capabilities that carry blockchain-driven collectibles to our platform.”

Early this month, Ebay CEO Jamie Iannone revealed that his firm is contemplating accepting cryptocurrency as fee. “We’re increasing the kinds of funds that we take. We now take Apple Pay and Google Pay. Extra selection for patrons … We are going to proceed to have a look at different choices, like cryptocurrency,” the CEO stated.

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