Amazon to Enter the Crypto NFT Market

Amazon to Enter the Crypto NFT Market with Gaming Initiative- Check out the story here

Amazon reportedly aims to dabble into NFTs and Web3 gaming with an upcoming initiative related to digital assets.

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[{"selector":"#anim-0833ca76-f1d2-4972-aeb4-e656f0601c57 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The world’s largest retailer is planning to launch a digital assets enterprise focused on non-fungible tokens and Web3 gaming this spring, Blockworks reported Thursday, citing four anonymous sources familiar with Amazon's intentions. Arrow

Per the report, Amazon’s initiative is in the relatively early stages of development and the firm is expecting to make an official announcement in April.

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They have also allegedly planned to conduct an NFT drop with an artist.

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It is worth noting that Amazon has been posting roles for developers and engineers in the Web3 realm since 2021.

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In April last year, Amazon CEO Andy Jassy told CNBC that he is optimistic about the future of cryptocurrencies and NFTs.

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