Ebay Allows Sale of NFTs on Platform
Ebay is allowing the sale of non-fungible tokens (NFTs) for digital collectibles such as trading cards, images and video clips on its platform, according to Reuters. Users can bid on NFTs as they would for a physical item. All payments will be made in U.S. dollars — unlike other prominent NFT platforms, which usually accept ether (ETH) for NFT payments. Many of the NFTs currently available for sale on eBay appear to be on the WAX blockchain, with sellers stipulating that buyers create a WAX wallet in order to receive their NFT. The move to allow NFT sales comes a week after the e-commerce firm's CEO Jamie Iannone told CNBC that the company was looking at ways to incorporate NFTs on its platform.