Amazon NFT Marketplace Launch Delayed: Shocking Setback!
According to our recent news, there has been a delay in the launch of the e-commerce giant Amazon NFT Marketplace for a few weeks to May.
It recently coined Gap Media reported that on 24 April, the tech giant plans to launch the Amazon Digital marketplace. Firstly, the platform will provide services to United States customers. Then initiate into other countries.
Key Takeaways:
- Amazon delayed the launch of its NFT marketplace from April 24 to May 15 due to readiness reasons and challenges.
- The Amazon Digital Marketplace will feature 80 NFT collections, including Bored Ape, World of Women, Mutant Ape, Pudgy Penguins, and Beeple.
- Customers can access the Amazon Digital Marketplace on the Amazon website, and it will not accept crypto payments.
- Amazon Web Services collaborated with Ava Labs, Chainlink, and VeChainThor for blockchain technology adoption.
- The delay in the launch is due to challenging market conditions, and Amazon aims to ensure a successful launch.
Evelyn Exchange took to Twitter and made an announcement that from 24 April to 15 May, due to readiness reasons, Amazon delayed the launch of its NFT marketplace, “Amazon Digital Marketplace.”
Due to the challenging conditions of the market in 2022, Amazon postponed the launch of the NFT marketplace. This condition resulted in the fall of the crypto exchange FTX in November. The latest delay is to ensure its availability. Also, it prevents technical errors and other issues resulting from unexpected events.
Moreover, Amazon has held up the launch of its NFT marketplace, “Amazon Digital Marketplace,” from 24 April to 15 May due to readiness reasons, according to the reports.
The Amazon Digital Marketplace is the most forecasted event for the crypto space, specifically for the NFT community. An internal source regarding the E-commerce giant said there are some commercial and technical challenges. The challenges are as big as whales.
CoinGape News took to Twitter and made an announcement that due to commercial and technical issues, the E-commerce giant Amazone delayed the launch of NFT Marketplace.
Initially, Amazon started presenting about 15 NFT collections on the launch day. However, E-commerce giants selected 80 NFT collections for their NFT marketplace. Bored Ape, the World of Women collection, Mutant Ape, Pudgy Penguins, and Beeple are reportedly included in NFT collections.
However, some claims that merchandising and perks should be available for sale but not included in NFT collections.
Let’s talk about the reselling and purchasing of NFT without Crypto payments. The launch of the Amazon Digital Marketplace is a big step toward adopting Web3. It will not accept crypto payments.
Amazon Digital Marketplace is available on private blockchain. Moreover, customers can now access it on the website of Amazon just by clicking on the tab “Amazon Digital Marketplace.”
WWW Spaceships took to Twitter and made an announcement that in 2022 Amazon postponed the launch of NFT due to the challenging condition of the marketplace.
To advance the adoption of blockchain technology, Amazon Web Services collaborated with Ava Labs. The launch of the NFT Marketplace is another step for Amazon in the Web3 ecosystem.
Amazon Web Services also collaborated with Chainlink for the node-creation solution. Moreover, AWS also collaborated with VeChainThor for carbon management services.