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Will the Amazon NFT Marketplace feature pudgy penguins?
Amazon’s NFT marketplace can sell digital assets from Pudgy Penguins and other web3 businesses. According to a confidential service agreement, Amazon plans to run its marketplace on a private blockchain. In addition, the media company Blockworks has examined a secret Amazon presentation confirming that Amazon Web Services created the private blockchain. So let’s take a closer look at what actually happens.
Amazon Launches NFT Marketplace on Private Blockchain
Amazon’s NFT Marketplace can sell digital assets from Pudgy Penguins and other web3 companies using a private blockchain.
But how will this work? Well, users will be able to buy NFTs just like any other product on Amazon. However, buyers will not be able to exchange their digital goods outside of Amazon’s blockchain. Ultimately, Amazon’s goal is to use the platform to achieve Web3 acceptance for its 300 million active users.
According to the documents, the blockchain for Amazon’s digital assets is read-only and gas-free. It is also limited to developers, partners and Amazon customers. In addition, Amazon has started several secret launch deals and plans to use Twitch, Amazon’s streaming service, to promote the project. Amazon has also teamed up with a number of cryptocurrency gaming companies to sell NFTs tied to their games.
As for the community, Amazon will reportedly provide partners with premium Discord memberships. Reports also claim that the marketplace will give members access to a special club, behind-the-scenes meet-and-greets with musicians and celebrities, and exclusive music, e-books, movies and TV episodes. Amazon will also distribute physical products after customers purchase NFTs.
Amazon initially planned its NFT platform debut for the fourth quarter of 2022, according to sources. However, it has been delayed. In fact, Amazon has changed its launch strategy several times. Pudgy Penguins, Beeple, Proof Collective and other companies associated with the project have yet to comment. Although Amazon requires their web3 partners to sign non-disclosure agreements.
