Amazon Enters The Web 3.0 Space
Big tech giant Amazon plans to enter Web 3.0 territory with its own NFT initiative. Amazon's plans were reported by Blockworks, which has received information from at least five reliable sources familiar with the company's internal affairs. The sources said Amazon plans to launch its digital asset business in the spring.
Based on inside information, Amazon is looking for the ideal partner to help the company launch this initiative. Candidates include tier-one blockchains, blockchain gaming startups, and digital asset exchanges. Amazon is also looking for a Web 3.0 developer to help them build their digital asset business.
Two sources said the company is interested in creating a blockchain game and related NFT applications. Among other things, the initiative is expected to stem from Amazon itself rather than Amazon Web Service (AWS).
The exact nature of the operation has yet to be determined. Still, according to one source, it could include playing a cryptocurrency game, and Amazon customers could apply for free NFT. An official announcement is expected in April, which could be crucial to the entire crypto industry. One of the sources said that with this move, the company will disrupt several established platforms in this space, but only if it implements this initiative correctly.
Amazon's eventual success could threaten some current businesses in the Web 3.0 space.
It is not yet clear who will be in charge of this assault on Web 3.0. However, it can be expected that the company will hire personnel who have relevant experience in this area. In the past, Amazon has offered jobs for developers and engineers with skills in Web 3.0, but it was never clear that it was more interested in this area.
There are many unanswered questions, such as how big the company's plans are and its goals in the Web 3.0 area? Does Amazon want to compete with existing NFT marketplaces such as OpenSea or Rarible? If this is indeed the case, then a successful launch will be seen as a significant threat to both platforms.
Andy Jassy, CEO of Amazon, has made it clear in the past that he is not opposed to Amazon entering the Web 3.0 space. He also talked about NFT sales and cryptocurrency integration. "Yes, I think it's imminent." I expect NFTs to continue to grow very significantly. "We're probably not close to adding crypto as a payment mechanism to our retail business, but I believe over time you'll see crypto become bigger, and it's possible [that Amazon will integrate crypto payments]."
Source: nftnewstoday.com
analyst opinion
Jakub Odvářka
Based on inside information, Amazon is looking for the ideal partner to help the company launch this initiative. Candidates include tier-one blockchains, blockchain gaming startups, and digital asset exchanges. Amazon is also looking for a Web 3.0 developer to help them build their digital asset business.
Two sources said the company is interested in creating a blockchain game and related NFT applications. Among other things, the initiative is expected to stem from Amazon itself rather than Amazon Web Service (AWS).
The exact nature of the operation has yet to be determined. Still, according to one source, it could include playing a cryptocurrency game, and Amazon customers could apply for free NFT. An official announcement is expected in April, which could be crucial to the entire crypto industry. One of the sources said that with this move, the company will disrupt several established platforms in this space, but only if it implements this initiative correctly.
Amazon's eventual success could threaten some current businesses in the Web 3.0 space.
It is not yet clear who will be in charge of this assault on Web 3.0. However, it can be expected that the company will hire personnel who have relevant experience in this area. In the past, Amazon has offered jobs for developers and engineers with skills in Web 3.0, but it was never clear that it was more interested in this area.
There are many unanswered questions, such as how big the company's plans are and its goals in the Web 3.0 area? Does Amazon want to compete with existing NFT marketplaces such as OpenSea or Rarible? If this is indeed the case, then a successful launch will be seen as a significant threat to both platforms.
Andy Jassy, CEO of Amazon, has made it clear in the past that he is not opposed to Amazon entering the Web 3.0 space. He also talked about NFT sales and cryptocurrency integration. "Yes, I think it's imminent." I expect NFTs to continue to grow very significantly. "We're probably not close to adding crypto as a payment mechanism to our retail business, but I believe over time you'll see crypto become bigger, and it's possible [that Amazon will integrate crypto payments]."
Source: nftnewstoday.com
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