E-commerce platform eBay officially launches NFTs sales platform

Article about E-commerce platform eBay officially launches NFTs sales platform

Published by

Mariyana George activities: , , , , Software Developer
on the timeline of AppDupe

May 25, 2021

eBay, the popular e-commerce platform has a user base of 182 million customers across 190 different countries. It made a big-bang announcement after launching its Non-Fungible Token (NFT) marketplace recently. The eBay ecommerce platform will sell NFTs based on numerous categories like art, entertainment, music, and trading cards to buyers.

This marks a new era for crypto collectibles. The world of digital collectibles has been getting increasing attention now from both institutional and retail investors. It has accumulated a gigantic market capitalization of $16.15 billion.  Additionally, the daily trading volume is $3.13 billion as per CoinMarketCap.

The entry of eBay into NFT selling indicates that the e-commerce industry has embraced the trading of high-value crypto collectibles. More online shopping platforms will also follow this promising trend by setting up their own NFT marketplaces.

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Articles authored by Mariyana George

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