Crypto News :
Sources familiar with the matter have reported that Amazon is finalizing its in-house NFT initiative.
The company is expected to feature digital collectibles from prominent crypto-native creators like Beeple and Pudgy Penguins on a private and permissioned blockchain controlled by Amazon.
A confidential terms of service agreement reviewed by Blockworks reveals that the Amazon NFT marketplace will operate on a gas-less and read-only blockchain, and impose strict restrictions on NFT creators, partners, and customers.
While Amazon has inked partnerships with Artifact Labs and Proof Collective, as well as Beeple and Pudgy Penguins, the exact launch date remains unknown due to several timeline shifts.
The company has enforced non-disclosure agreements surrounding its dealings with current and potential Web3 partners to maintain confidentiality.