NewsletterBreaking: Amazon NFT Marketplace Launch Delayed
E-commerce giant Amazon’s NFT marketplace launch has been delayed by a few weeks to May. The tech giant earlier planned to launch the “Amazon Digital Marketplace” on April 24, as earlier reported by CoinGape Media. The platform will start offering the service to U.S. customers first and will gradually roll out to other countries.
Amazon postponed its NFT marketplace launch in 2022 end due to challenging market conditions following the collapse of the crypto exchange FTX in November. The latest delay has come to ensure readiness and prevent technical errors and other issues due to unexpected events.
Amazon Delays Launch of its NFT Marketplace
According to reports, Amazon has delayed the launch of its NFT marketplace “Amazon Digital Marketplace” from April 24 to May 15 citing readiness reasons.
The Amazon Digital Marketplace is the most anticipated event for the crypto space, especially the NFT community. An internal source related to the e-commerce giant told there are some technical and commercial challenges, as per the Big Whale.
Amazon initially planned to start offering about 15 NFT collections on the launch day itself. However, 80 NFT collections are selected by the e-commerce giant for its NFT marketplace. NFT collections reportedly include Bored Ape, Mutant Ape, the World of Women collection, Beeple, and Pudgy Penguins. However, some claims perks and merchandising will be offered for sale, not the main NFT collections.
Also Read: Binance Adds Bitcoin, Shiba Inu, Dogecoin, Stablecoins To Liquid Swap
NFT Purchasing and Reselling Without Crypto Payments
While the Amazon Digital Marketplace launch could be a huge step toward mass adoption of Web3, it will not accept crypto payments for NFTs. It will be available on a private blockchain and customers can access it on Amazon’s website by clicking the “Amazon Digital Marketplace” tab.
CoinGape Media earlier reported that Amazon Web Services partnered with Ava Labs to accelerate the adoption of blockchain technology. With the launch of an NFT marketplace, Amazon takes another step into the Web3 ecosystem. AWS had also partnered with Chainlink (LINK) for the node-creation solution and VeChainThor for blockchain-based carbon management services.
Also Read: Coinbase Slaps A Lawsuit Compelling the SEC to Respond to Rulemaking Petition
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Michael Saylor Hints Fresh Bitcoin Buy With “Green Dots” Tease
- Arthur Hayes Flags High Downside Risk in Tether’s Shift Toward Bitcoin and Gold Reserves
- Peter Schiff Predicts Bitcoin Decline Will Extend Into December as BTC Closes Out Red November
- Robert Kiyosaki Recommends Bitcoin and Ethereum as Hedge Against Potential Global Crisis
- Arthur Hayes Predicts Bitcoin Rally To $500K By Next Year Over Fed Easing
- Will Fusaka Upgrade Push Ethereum Price to New Highs?
- Bitcoin Price Poised for a $100k Run as Coinbase Premium Turns Positive
- XRP Price Prediction: Why XRP Could Rally to $3 This Week?
- Ethereum Price Prediction 2025: How High Can ETH Go by Year-End?
- CoinShares Withdraws Staked Solana ETF Proposal: What’s Next for Solana Price?
- XRP Price Forms Alarming Death Cross Amid Intense Whale Dumping
