Online marketplace eBay to allow NFT sales

Published at: May 11, 2021

Online marketplace eBay has introduced auctions for nonfungible tokens, or NFTs, to its platform.

According to a Reuters report, eBay users who meet certain criteria on the platform will be permitted to list NFTs. The company added that it would expand its policies and tools surrounding digital collectibles in the future.

"In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform," said eBay's North America senior vice president, Jordan Sweetnam.

The report comes almost exactly one week after CEO Jamie Iannone said the platform would be "exploring opportunities" to enable NFTs on the platform "in an easy way." The CEO said buyers and sellers were already able to deal in NFTs on eBay but that the platform had not yet simplified the process. Iannone said at the time that the company was also considering introducing crypto payment options.

Executives at the online marketplace have previously hinted that eBay could be open to accepting crypto payments. Three years ago, a senior vice president at the firm said eBay was "seriously considering" integrating Bitcoin (BTC) into its platform as a payment method.

Thousands of projects featuring NFTs have exploded in the crypto space over the last few months, seemingly following the example of multimillion-dollar sales of digital artwork on online marketplaces. The introduction of the tokens into a marketplace like eBay with roughly 187 million active buyers has the potential to keep the craze going for even longer.

Tags
Nft
Related Posts
Oscar-winner Anthony Hopkins' new film to be sold as NFT on new platform Vuele
Oscar-winner Anthony Hopkins’ new film will be tokenized and sold on an up-and-coming NFT marketplace for movies dubbed “Vuele.” The 83-year-old Hopkins has had a celebrated career and won two Oscars and two Emmys, starring in notable films including Silence of the Lambs, The Elephant Man, the Thor franchise and The Father. The new feature-length film is called “Zero Contact” and has been produced by independent film finance and production company, Enderby Entertainment. According to Enderby, the story follows five characters from around the globe “connected only by their devotion to tech titan Finley Hart (Hopkins).” The five characters discover …
Nft / July 8, 2021
Marvel reveals official NFTs will be available on VeVe marketplace by 2022
The VeVe virtual marketplace will soon have official nonfungible tokens and digital comic books from Marvel. In a Thursday announcement, Marvel Entertainment said it had partnered with Orbis Blockchain Technologies to release nonfungible tokens, or NFTs, and digital collectibles on the VeVe marketplace app starting later this year. According to the entertainment company, the NFTs will include digital collectibles and comic books which Marvel fans can trade as well as display in virtual showrooms. “We hope to expand the limits of what Marvel fandom can be, starting with personal and interactive digital collectibles that, through NFTs, fans can truly collect, …
Nft / June 25, 2021
Ebay exploring crypto payment options and NFT auctions
Major online marketplace eBay will be pursuing crypto payment options for its customers along with exploring ways to introduce nonfungible tokens on the platform. In an interview with CNBC today, eBay CEO Jamie Iannone said the company will "continue to look" at payment options like crypto. In addition, he said eBay will be "exploring opportunities" to enable nonfungible tokens, or NFTs, on the platform "in an easy way," comparing the digital offerings to collectibles. “One of the great things about eBay is when there’s a new trend, it just shows up on eBay,” said Iannone. “That’s what we’re seeing in …
Adoption / May 3, 2021
Vodafone auctions world’s first SMS “Merry Christmas” as NFT for charity
British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at the time. The historic 15 character-long SMS will be auctioned off as an NFT in a one-off sale conducted by the Aguttes Auction House in France, according to Romanian news outlet Ziarul Financiar. By auctioning off the world’s first SMS in the form of NFT, …
Adoption / Dec. 18, 2021
Counterfeit NFTs result in marketplace shutdown: Experts weigh in
“Rampant” issues relating to minting counterfeit nonfungible tokens, or NFTs, have forced popular platform Cent to halt some operations. Founded in 2017, Cent kicked off as a “social network and informal platform for creative experimentation.” In 2020, the team also launched an NFT platform called Valuables to mint and auction iconic tweets. Jack Dorsey’s first tweet, “just setting up my twttr,” sold for $2.9 million on the platform in March last year. On February 6th, the platform ceased NFT trading due to “a spectrum of activity” that "shouldn’t be happening." Cameron Hejazi, co-founder of Cent told Cointelegraph: “People in this …
Nft / Feb. 15, 2022