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Amazon To Launch NFT Marketplace In April



Source: Art Plugged


Amazon, the world’s largest online retailer, has announced its plans to enter the fast-growing world of non-fungible tokens (NFTs) by launching its own NFT marketplace in April this year. This move is no surprise, given the recent surge in demand for NFTs and their increasing popularity among art collectors, investors, and enthusiasts alike. 

The NFT market and crypto took significant hits this past year. The collapse of FTX, BlockFi, Terra, and other crypto-based projects dealt a severe blow to the reputation of the crypto ecosystem, resulting in decreased interest in NFTs and web3 projects.

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