Cryptocurrencies Linked To Amazon, Amid NFT Initiative News

Amazon NFT News: With the news of tech major Amazon preparing to launch its digital assets enterprise, the onus is now on the cryptocurrencies that previously partnered with the e-commerce company. What caught the attention of the crypto community is the speculation of Amazon’s plans to announce the crypto ambitions as early as April 2023. This could well be a landmark moment in the history of web 3.0 industry that is yet to gain full acceptance from the mainstream companies. However, it remains to be seen how soon would Amazon bring full fledged products.

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Considering the massive customer reach Amazon enjoys worldwide, the NFT initiative could turn out to be a huge success. At the same time, it could mark huge validation and adoption for the web 3.0 space. Reports suggested that the e-commerce giant is pushing its Amazon NFT plan for launch in the next quarter. The company appears to be planning to make its customers play crypto games and reward with free NFTs.

Cryptocurrencies In Partnership With Amazon

As recently as 11 January 2023, Amazon Web Services (AWS) inked a partnership with proof of stake blockchain Avalanche (AVAX). Ava Labs, the company behind Avalanche, teamed up with AWS in an effort to accelerate web 3.0 adoption. Thanks to the partnership, AWS Marketplace allows for launching an Avalanche validator node in a simple way. AWS had also partnered with Chainlink (LINK) for the node creating solution. This enabled node operators and data providers in the Chainlink ecosystem to connect to blockchains within minutes.

The Amazon Web Services had also tied up with public blockchain VeChainThor for blockchain-based carbon management services.

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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