eBay will likely be entering the nonfungible tokens (NFT) sector by expanding its marketplace to offer digital collectibles. eBay’s CEO Jamie Iannone made the indication during an interview with CNBC.
The CEO noted that NFTs already appeared on eBay. “We’re looking at it and exploring opportunities for how we can enable it on eBay in an easy way. If you think about collectibles, everything that’s collectible has been on eBay for decades and will continue to be for the next few decades,” said Iannone.
eBay is currently one of the largest venues for non-NFT trading cards. In the first quarter of 2021 alone, the company reached a gross merchandising value (GMV) of over $1 billion in the collectibles category which represented significant growth over 2020. But 2020 also experienced a 142% increase in sales. Considering the growth in NFT collectibles over the last couple of months, it was only a matter of time until eBay joined the trend.
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