Amazon plans to launch its own NFTs market, says website

How NFTs work and what makes them so valuable

The metaverse, in addition to bringing to discussion common aspects of human life that can be reproduced in the virtual environment, has also provoked curiosity about the economy of this new reality. The term NFT, for example, is something that arouses a lot of curiosity among internet users . Especially when global personalities started investing money in it. But do you know what NFT means?

Still according to the website, Amazon's chosen blockchain platform is not compatible with Ethereum, which means that creators who want to mint NFTs on the platform will have to make the conversion using other channels.

Arrival of the Amazon market could boost the sector

The North American giant's NFT market could boost the adoption of non-fungible tokens and blockchain, bringing development to the sector. Jeff Bezos' company already has some experience in NFTs, having led a financing round for Superplastic, a creator of toys and NFTs, in February this year.

Initially, 15 collections of NFTs will be hosted within the Amazon platform, however, at this point there are no details about the artists involved or the name of the works.

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'What is NFT' is one of the most searched topics on the internet Google in 2022

O Google In this final stretch of 2022, it released the report with the most searched topics on the search engine throughout the year. Among the 'what is' category, in Brazil, there is a common theme to the metaverse and web3.0: what is NFT. The peak of Brazilian interest in the topic occurred between January and February, the height of the commercialization of non-fungible tokens around the world.