Amazon, a major technology company, is continuing to make strides in the cryptocurrency industry. A recent report from Blockworks, a cryptocurrency news outlet, states that Amazon will be launching a non-fungible token (NFT) program in the spring of 2023. The report is based on information from multiple sources familiar with the situation. According to Blockworks, Amazon has partnered with more than ten crypto projects to aid in the development of its NFT initiative. This move is expected to reinvigorate the NFT market, which has seen a decrease in activity since its peak in 2021.
According to a recent report, Amazon is planning to enter the world of cryptocurrency by launching a non-fungible token (NFT) gaming initiative. The e-commerce giant is said to be focusing on different sectors, with plans to dabble in NFT gaming. The platform will reward players with unique NFT items. Amazon already offers its Prime service subscribers access to a video game platform, where members can access the platform’s catalog and receive monthly rewards, including AAA games.
“Looking forward, web3 and blockchain are inevitable. No one can predict the exact time or date when it will become mainstream, but we’ve seen this kind of growth before. This time, it seems to be happening at an accelerated pace, and we’re excited to be a part of it.