A company for digital assets for NFTS and crypto games, say sources
A company for digital assets for NFTS and crypto games, say sources
reports that Amazon is working on a company for digital assets that will operate an NFT marketplace this spring.
According to sources, which the media agency Blockworks interviewed, the retail giant has bought companies for digital collectors from various actors in the crypto ecosystem to advance its new company.
So far, Amazon has invested in Layer-1 blockchains and crypto gaming companies and has discontinued developers of NFT companies and cryptocurrency exchanges for their own blockchain unit.
Amazon relies on crypto gaming industry
According to a source, Amazon prepares the introduction of a series of crypto games that would enable its customers to claim free NFTs. This step would be important for the crypto gaming industry due to the numerous project frauds that came onto the market at the end of 2021. However, Amazon does not seem to worry about this data, since the company has experienced the best time for crypto games when many of these projects were forced to expand the storage services offered by Amazon Web Services.The entry of a giant like Amazon is important for the crypto ecosystem, since he will certainly attract many players who are only waiting for the right moment to return to the crypto gaming industry. Sources seemed pretty positive about the positive result of Amazon's entry into the web3 area:
"We knew that it was possible, [...] but now it really seems to be.
Several sources said that Amazon will operate the new NFT platform instead of subsidiaries to have complete control over a platform that could be the largest in the NFT industry. It is currently not known whether the new Amazon platform will try to compete directly with the large NFT marketplaces such as OpenSea, Rarible or the latest Samsung NFT platform, or whether it will concentrate more on crypto games-especially if you consider that Amazon has Twitch. In the large number of Amazon users, his entry into the crypto ecosystem will not be unnoticed. It will attract many investors who know the potential of an industry that grows and has a lot of space for improvements and growth within the wider gaming industry - the largest company in the entertainment sector. As reported by Cryptopotato, said Andy Jassy, CEO of Amazon, in April 2022 that the company was open to the sale of non -fungal tokens (NFTS) "in the distant future", but do not plan to accept payments in cryptocurrency. On January 11, however, AVA Labs announced a partnership with Amazon to promote the introduction of blockchain technology in companies, institutions and at government level by managing the decentralized infrastructure and applications of Avalanche via Amazon Web Services (AWS). We bundle our forces with @amazonas to support conformer blockchain solutions. easier to start and manage #Lawine more strength and flexibility for developers lend.https: //t.co/vgabb5c6ya - ava labs 🔺 (@avalabsofficial) 11. January 2023 Although the company still refuses to accept payments in cryptocurrencies, it first gradually opens its doors to the crypto ecosystem. Who knows, maybe we will see Amazon as a crypto -friendly company in a few years. . Amazon could be the biggest thing in the NFT industry
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