ADVERTISEMENT

You will soon be able to buy and sell NFTs on eBay

by | Jun 28, 2022 - 1:57PM | Crypto

In the not-too-distant future you’ll be able to buy, sell and trade NFTs on eBay.

That’s right.

The largest auction site in the world is trying to make the impossible possible, by making it easy for everyone to buy Non-Fungible Tokens without losing their mind.

READ MORE! Bitcoin bloodbath: $200 billion wiped out as Cryptocurrency hits 18-month low

Everyone is interested in NFTs these days and they take numerous forms.

You’ve got NFTs from global companies, automakers, watch manufacturers, sports clubs, NFTs made from memes, celebrity NFTs.

The list goes on.

The problem is these things are still sort of difficult to understand and manage.

That’s exactly the problem eBay wants to solve by allowing users to buy and sell their NFTs just as easily and quickly as they can sell their used smartphone or pair of sneakers.

In order to do this, eBay bought an existing NFT company outright.

It acquired KnownOrigin, the 12th largest NFT marketplace in the world.

The new feature is still in ‘beta’ phase and that’s why, at the moment, only a few select sellers are allowed to use it, and only if both the buyer and the seller reside in the same country.

Another thing to point out is Ebay’s opted to exclude the ‘auction’ option for now, so you can only sell NFTs at a fixed price.

But eBay being eBay, the process is expected to get easier and easier for users.

In addition to that, eBay is in a unique position to catch two birds with one stone by allowing users who are selling physical goods to integrate the digital NFT in the sale.

For example, car or watch collectors that are selling a rare sportscar or a vintage watch, would be able to include the digital equivalent of the item in the form of an NFT in the sale.

That would be easy to do on eBay and there’s no one other platform in the world that can do that.

At least for now.

FOLLOW US ON
FOLLOW US ON GOOGLE NEWS

Check this out

This $4m Bulgarian hypercar is faster than the Bugatti Chiron

This $4m Bulgarian hypercar is faster than the Bugatti Chiron

This is the Unum. It's a hypercar made by a Bulgarian company called Alieno. And Alieno claims it's more powerful and faster than the Bugatti Chiron. The top speed of the high-performance variant is reportedly 585km/h (363 mph). Image: Alieno Image: Alieno Image:...

ELegend EL1: The Audi Quattro is reborn as an 816hp electric beast

ELegend EL1: The Audi Quattro is reborn as an 816hp electric beast

The Audi Sport Quattro is one of the most legendary rally cars ever, and now ELegend is looking to recapture its magic with the EL1. The German start-up has revealed the first physical model of the electric supercar ahead of it entering production this year. Just 30...

RELATED POSTS

Crypto whale accidentally loses $150,000 in failed prank

Crypto whale accidentally loses $150,000 in failed prank

A crypto whale and well-known NFT collector known by the pseudonym Franklin has lost about $150,000 in an online prank gone wrong. Franklin owns a lot of Ethereum, the world's second-largest cryptocurrency after Bitcoin, and 58 NFTs from the Bored Ape Yacht Club, one...

Tesla sells 75% of its Bitcoin holdings

Tesla sells 75% of its Bitcoin holdings

Tesla has just sold around 75 percent of its Bitcoin holdings worth around $936 million. The company took advantage of the latest relief rally that saw BTC surge eight percent in just 24 hours. The company shared the news as part of its Q2 earnings report, with CEO...

Buyer pays $458,000 for an NFT of the Bugatti La Voiture Noire

Buyer pays $458,000 for an NFT of the Bugatti La Voiture Noire

While Chevrolet didn't have any luck selling its Corvette NFT, Bugatti has proven there is still money to be made in digital art. The hypercar company has sold a unique NFT inspired by the one-off La Voiture Noire for a whopping $458,000 (£378,000) through Phillips...

Chevy’s first NFT is a total bust, closing with ZERO bids

Chevy’s first NFT is a total bust, closing with ZERO bids

No one bought Chevy’s first NFT even though it came with an actual 2023 Chevrolet Corvette Z06.  The 'Own the Color' NFT went up for auction on June 20 and when it closed four days later, had a total of zero bids.  SuperRare, which housed the Chevrolet NFT...

Bentley joins the metaverse frenzy with 208 unique NFTs

Bentley joins the metaverse frenzy with 208 unique NFTs

Bentley is the latest automaker to join the Metaverse with an exclusive collection of NFTs. And they're likely to be about as expensive as a Bentayga or a Continental. https://twitter.com/BentleyMotors/status/1539609149054472194?s=20&t=rJL6X0f3LIVTHemtcwVoPQ So...

One Bitcoin investor has just lost $4 BILLION in less than a month

One Bitcoin investor has just lost $4 BILLION in less than a month

Imagine losing $4 billion in just over a month. Well that's the reality for one of the richest bitcoin holders in the world. It happened during one of the worst cryptocurrency crashes in the last five years when Bitcoin dropped to a 16-month low on Thursday to about...

ADVERTISEMENT

Related Posts

PAID CONTENT

PAID CONTENT

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!