Amazon reportedly plans to launch its Non-Fungible Token (NFT) marketplace next month. The news follows the company’s recent acquisition of the NFT platform, Decentraland. The marketplace features content from various artists and creators and will allow users to purchase and own digital content such as music, art and video. The company is also said to be working on a blockchain-based authentication system to ensure the validity and scarcity of the content.
• Amazon plans to launch its Non-Fungible Token (NFT) marketplace next month.
• NFTs are digital assets stored on a blockchain and used to represent items such as art, music, and digital collectibles.
• The marketplace will allow users to buy, sell, and trade NFTs.
• The marketplace will be integrated with Amazon’s existing services and products, such as Prime Video, Twitch, and its music streaming service.
• The marketplace will also feature a range of third-party sellers and creators.
• It is expected to launch in June 2021.
Step by Step Process:
1. Amazon plans to launch its Non-Fungible Token (NFT) marketplace next month.
2. NFTs are digital assets stored on a blockchain and used to represent items such as art, music, and digital collectibles.
3. The marketplace will allow users to buy, sell, and trade NFTs.
4. The marketplace will be integrated with Amazon’s existing services and products, such as Prime Video, Twitch, and its music streaming service.
5. The marketplace will finish with various third-party sellers and creators.
6. It is expected to launch in June 2021.
Source: https://watcher.guru/news/amazon-is-reportedly-planning-to-launch-its-nft-marketplace-next-month
English