The launch of e-commerce giant Amazon's NFT marketplace has been delayed by several weeks until May. The tech giant previously planned to launch the "Amazon Digital Marketplace" on April 24. The platform will begin offering services to U.S. customers. first and will be gradually rolled out to other countries.
Amazon is delaying the launch of its NFT market until the end of 2022 due to challenging market conditions following the collapse of crypto exchange FTX in November. The latest delay is to ensure everything is ready for launch and prevent technical errors and other issues due to unforeseen events.
Amazon Digital Market is the most anticipated event by crypto market players, especially the NFT community. Inside sources connected to the e-commerce giant said there were several technical and commercial challenges. Amazon initially planned to start offering about 15 NFT collections on launch day.
There are, 80 NFT collections selected by the e-commerce giant for its NFT marketplace. The NFT collection reportedly includes Bored Ape, Mutant Ape, the World of Women collection, Beeple, and Pudgy Penguin.
While the launch of Amazon's Digital Marketplace could be a big step towards the mass adoption of Web3, Amazon will not accept crypto payments for NFTs. It will be available on a private blockchain and customers can access it on Amazon's website.
Amazon Web Services has partnered with Ava Labs to accelerate the adoption of blockchain technology. With the launch of the NFT marketplace, Amazon takes another step into the Web3 ecosystem. AWS has also partnered with Chainlink (LINK) for node creation solutions and VeChainThor for blockchain-based carbon management services.
