Amazon may soon offer NFT sales. The CEO could also imagine crypto payment options. However, these will not be introduced in the near future, according to the CEO.
On April 14, 2022, Amazon CEO Andy Jassy spoke to CNBC and said that Amazon is a long way from enabling cryptocurrencies for retail payments on the platform. Jassy thinks the crypto industry and market is likely to get much bigger:
“We’re probably not on the verge of adding cryptocurrency as a payment method to our retail business, but I think cryptocurrency will become more prominent over time and it’s possible.”
Also, the CEO of Amazon mentioned that the company may venture into the NFT sector. He thinks these are “really starting to come off.”
Amazon: NFT sales could soon be possible
I don’t own any NFT or Bitcoin myself, Jassy said in the “Squawk Box” interview with Andrew Ross Sorkin. Jassy quickly steered the discussion away from Bitcoin and back to NFTs, saying he expects the NFT industry to continue to grow significantly.
When asked if Amazon would consider selling NFTs, he replied, “Yes, I think it’s possible on the platform.” E-commerce competitor eBay approved the sale of NFTs last year and is also exploring crypto payment options.
Amazon had already shown interest in blockchain and cryptocurrencies last year and was looking for a digital asset expert to join its payments team. The company is also working on its own Metaverse game. However, Amazon seems more focused on making its retail business profitable amid rising costs. Earlier this week, the company announced it would impose a new 5% “fuel and inflation surcharge” on sellers, effective April 28.
NFT trading volume continues to decline
Monthly trading volume on the world’s most popular NFT marketplace, OpenSea, fell for the third month in a row. In March, the platform recorded a transaction volume of $2.48 billion, compared to a record high of $4.96 billion in January. According to Dune Analytics, OpenSea sales in April were $1.47 billion.
According to Nonfungible.com, the total daily NFT trading volume over the past few days has been around $35 million. Nonfungible.com also reported that the Bored Ape Yacht Club collection remains the most popular with weekly sales of $47 million.
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