The online sales platform eBay is now permitting the sale of non-fungible tokens (NFTs) for digital collectibles. The company told Reuters that beginning Tuesday an “NFT inventory will be provided to sellers who meet eBay’s standards.”

Users can bid on NFTs as they would for a physical item. All payments will be made in U.S. dollars — unlike other prominent NFT platforms, which usually accept ether (ETH) for NFT payments.

Many of the NFTs currently available for sale on eBay appear to be on the WAX blockchain, with sellers stipulating that buyers create a WAX wallet in order to receive their NFT. 

The move to allow NFT sales comes a week after the e-commerce firm’s CEO Jamie Iannone told CNBC that the company was looking at ways to incorporate NFTs on its platform.

It also appears to be part of a larger plan. “In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform,” Jordan Sweetnam, senior vice president and general manager for eBay’s North America market, told Reuters.

Read Also:   Tezos, Ontology, Verge Price Analysis: 03 February

Related Reading


Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link


EBay has officially opened its platform to NFT sales

by Evan A. Warren
Choose A Format
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format