Online marketplace for secondary sales eBay officially announced the launch of its first nonfungible token (NFT)


an online
marketplace popular for secondary sales E-commerce giant eBay officially
announced about the launch of its first nonfungible token (NFT) which are a
series of tokenized collectibles featuring National Hockey League legend Wayne
Gretzky that went live on 23rd May.
eBay will sell
non-fungible tokens (NFTs) through a partnership with an environmentally focused
NFT platform specializing in selling music, sports and lifestyle digital
assets, one of. To provide sustainable NFT collections, the company supports
multiple "energy-efficient blockchains."
NFT collection
of eBay will include digital collectibles of popular athletes like Wayne
Gretzky, who is a Canadian ice hockey player. Animated versions of Gretzky is
being depicted through NFT collection that were inspired by Sports Illustrated
magazine covers. Green, gold, platinum, and diamond are the four different tiers
of rarity of the NFTs which each athlete will have. There will be 199 editions
of gold, 99 editions of platinum and 15 editions of diamond. The green tier be
the cheapest NFTs which is starting at $10. These NFTs were created on Polygon,
a scaling platform for Ethereum, and they can be secondary traded on OneOf.
The company
appears to be releasing its first NFT for the first time. In a statement eBay
Vice President of Collectibles, Electronics and Home Dawn Block said “Through
our partnership with OneOf, eBay is now making coveted NFTs more accessible to
a new generation of collectors everywhere,”. He further added, the company team
is commitment to deliver high passion, high value items to the eBay community
of buyers and sellers. The firm has plans to launch more NFT collections throughout
2022 which will be of high-profile athletes.
Now the
collection are available for sale on eBay’s marketplace. The limited-edition
diamond, platinum and gold tiers worth $1,500, $100 and $25, respectively, have
already sold out. A proof-of-stake consensus system is used by both Tezos and
Polygon blockchains, so OneOf runs on both.
Since mid-2021
around month of May eBay officially supported NFTs by enabling NFT listings. But
blockchain tech integration was not done to support the sales on its
marketplace. Users are sent a redemption link through in-platform messaging or
email to receive their NFT outside of the platform.
OneOf CEO Lin
Dai supported same thing saying the duo is looking to make NFTs accessible to
people that aren’t well versed in crypto. He said “OneOf and eBay are bringing
transformative Web3 technology to the next 100M non-crypto-native mass
consumers.”

Indrani bose
CBW - External Analyst
INDIA