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BREAKING: eBay Now Allows NFT Sales

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Tue, 05/11/2021 - 15:53
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Alex Dovbnya
eBay has become the first major e-commerce company to venture into NFT sales
BREAKING: eBay Now Allows NFT Sales
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E-commerce giant eBay has updated its policy to facilitate the sales of non-fungible tokens, Reuters reports. Initially, the new functionality will be available only to trusted sellers in a few categories.    

The former PayPal owner will roll out a set of tools for trading a wide variety of NFTs on the platform, according to eBay's Jordan Sweetnam:    

In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform          

Unlike fungible cryptocurrencies like Bitcoin and Ethereum, NFTs are based on the idea of scarcity, representing unique digital items recorded on a blockchain.     

As reported by U.Today, eBay CEO Jamie Iannone recently said that the company was also looking into adopting cryptocurrencies as a form of payment.     

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.