Ebay Opens Sale of NFT Tokens
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May 11, 2021

Ebay Inc., an American multinational e-commerce service, now allows its users to sell non-fungible tokens (NFT) for digital collectibles, Reuters reports. The e-commerce giant will integrate new capabilities that bring blockchain-driven collectibles to the platform, said Jordan Sweetnam, Senior Vice President and General Manager for Ebay’s North America market.

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Ebay's new addition comes after Binance announced the launch of its own NFT marketplace. The platform will be rolled out in June, and will allow users issuing and exchanging NFTs.

IBM Plans to Turn Patents Into NFTs

Ebay first announced its plans for NFT at the beginning of May. The company said it was exploring new payment methods for its customers, including cryptocurrencies. Ebay's CEO, Jamie Lannone, told CNBC that the e-commerce giant is open to cryptocurrencies as it is always looking at the "most relevant forms of payment."

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