eBay confirms it will now allow NFT auctions

eBay confirms it will now allow NFT auctions

The global online auction platform is now embracing non-fungible tokens

It seems that the popularity of non-fungible tokens (NFTs) has reached such a high level that they can now also be sold through eBay. The online auction site confirmed recently that it is now allowing NFT auctions, the first mainstream commercial site to make the leap.

Users who want to offer NFTs for sale must first meet certain criteria. Because of this, eBay made it clear that this is in the expansion of its policies and tools around digital collectibles in the future, taking into account that it can become a somewhat delicate market during its beginnings and it is of utmost importance to have the best possible regulations. “In the coming months, eBay will be adding new capabilities that will bring blockchain-based collectibles to our platform,” said eBay’s senior vice president for North America, Jordan Sweetnam.

This news apparently has a lot of consistency with comments CEO Jamie Iannone made last week. He said that the platform had a strong interest in enabling NFTs “in an easy way.” At the same time, he had said that both sellers and buyers could already trade NFTs on eBay, but that the process had not yet been simplified by the platform.

Just as this news is now reaching the ears of many NFT fans, those interested in being able to make use of their cryptocurrencies for online purchases are not lagging behind either. eBay and its executives have previously hinted that the company may be open to accepting cryptocurrencies as a form of payment. In fact, three years ago, the company’s senior vice president said that eBay was “seriously considering” integrating Bitcoin into its payment options and that many people around the world would now have better and more secure options for obtaining their items through the platform, yet this has yet to become a reality. What is certain is that the implementation of NFT’s in a marketplace like eBay will undoubtedly make the potential and trend continue to prevail for a long time to come.

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