eBay announced on Tuesday that it allows the sale of various non-homogeneous tokens NFT on its platform. This is the first traditional e-commerce website that publicly allows the transaction of NFTs.
In an interview with CNBC last week, eBay (EBAY.US) CEO Jamie Iannone revealed that he is considering cryptocurrency as a new payment option. He also stated that the company “explored opportunities” in how to achieve sales of NFTs. Iannone said that cryptocurrency is a new payment method that eBay is considering, but did not provide any details. He also said that eBay is studying how to enter the NFT field.
NFT is a non-homogeneous asset that exists on the blockchain, which has set off an upsurge on social media this year. Among them, the NFT of digital artist Beeple sold tens of millions of dollars at Christie’s and Sotheby’s auction houses. Not only works of art, the market for digital collectibles, such as the NFT trading card, image or GIF trading market, is also emerging at the same time.
There are many categories of these NFTs, and they can include the last shot of Kurt Cobain, the lead singer and guitarist of the Nirvana band, and the historical moments of NBA games. Although anyone can check these NFTs at any time, only the buyer owns the ownership of the virtual asset.
eBay has long allowed customers to sell bitcoin on the platform, but previously refused to use cryptocurrency for transactions. Similarly, many NFT owners try to auction their digital collectibles on eBay, although many transactions are conducted outside the platform.
eBay also told Reuters that in the short term, NFT sales permissions will only be provided to sellers that meet eBay’s standards, adding that users will see more NFT-related content on the eBay platform in the near future.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.