Technology
By Sydney TheCMO
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eBay looks to attract the next generation of collectors after it allowed the sale of non-fungible tokens (NFTs) on its platform.
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The world's leading auction site became the latest to join the NFT craze after it announced via its website on Tuesday that it's now open to a new wave of collectibles.
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Following the announcement, eBay became the first eCommerce company to deal with NFTs, which was dominated prior by online marketplaces dedicated to digital collectables like…
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NFTs, which are blockchain-based cryptographic tokens representing either digital or real-world assets, have exploded in 2021.
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While potentially setting up for an NFT sale that could match the price of a lunch date with Warren Buffett, eBay stated that it would allow only trusted sellers.
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And when it comes to crypto payments, Iannone said that the company is also open to taking the Tesla route. Currently, eBay only accepts U.S.
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The NFTs auctioned on its platform appear to be mostly on the WAX blockchain, while some sellers provide the option to send the NFT directly to the buyer's (ETH) wallet after…
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But according to the company, the initial rollout will help them learn what their community will respond to.
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