E-commerce giant eBay continues to expand its operations. The company officially launched its first non-fungible token (NFT) drop with a series of tokenized collectibles featuring National Hockey League (NHL) legend Wayne Gretzky that went live on May 23.
eBay’s NFT collection depicts animated versions of an NHL legend that were inspired by Sports Illustrated magazine mixx covers. They come in different tiers of rarity, more precisely four different tiers, including green at 299 editions each, gold at 199, platinum at 99, and diamond at 15.
The NFT collection is up for sale on the e-commerce giant’s marketplace. Nevertheless, the limited-edition diamond, platinum as well as gold tiers worth $1,500, $100 and $245, respectively, have already sold out.
According to the announcement from the e-commerce giant, the collection was developed in partnership with OneOf. It is an environmentally friendly focused NFT platform which supports multiple “energy-efficient blockchains” to provide sustainable NFT collections.
eBay and non-fungible tokens
eBay initially enabled NFT listings in 2021 but hasn’t integrated blockchain tech to support the sales on its marketplace.
In May of 2021, the company introduced auctions for NFTs to its platform. At that time, eBay added that it would expand its policies as well as tools surrounding digital collectibles in the future.
In terms of this official drop, customers are sent a redemption link via in-platform messaging or email to receive their NFT outside of the platform.
The non-fungible tokens were minted on Ethereum scaling platform Polygon and can be put up for secondary trade on OneOf.
Secondary trade for the NFTs on the environmentally friendly focused NFT platform OneOf has been minimal so far, nevertheless, with only three users listing platinum tiered tokens at a floor price of $199, while one user listed a gold tier NFT for $69.
eBay’s vice president of collectibles, electronics, and home Dawn Block made a comment about the drop. He stated that NFT tech shelfari is “revolutionizing the collectibles space” and emphasized that eBay is looking to bring NFTs to mainstream collectors around the globe.
OneOf’s CEO’s comment is also quite interesting. Lin Dai noted that the duo is looking to make NFTs more accessible to people who are not well versed in crypto.
Interested in NFT, read this H3H3 NFT.
This month is full of interesting events. For example, Polygon partnered with layer-3 project Orbs to launch a program that supports DeFi builders through the DeFi accelerator platform DeFi.org.
In an announcement, Polygon and DeFi.org mentioned that the program would provide funding opportunities, mentorship, as well as market exposure to chosen projects. One peculiar fact: Building on Polygon is mandatory for participants in the DeFi.org accelerator round. Conversely, those using Orb’s infrastructure will be given special consideration.
As Ethereum scaling platform Polygon focuses on scaling Ethereum, Orbs claims to be capable of providing benefits such as the enhancement of smart contacts through its infrastructure. With 9xmovies mom this, the accelerator program will focus on developing projects that include Polygon’s layer-2 solutions and Orb’s layer-3 infrastructure.
Whether you’re familiar with the concept of Non-Fungible Tokens (NFTs) or not, you’ve likely heard about them somewhere in the past few months. As NFTs have become an increasingly popular form of digital asset trading, so has NFT social media. But what is NFT social media?
Essentially, NFT social media is a platform that allows users to socialize and interact with each other in an environment powered by NFTs. Users can post content such as artwork, music, videos, and memes on these platforms and trade and transact with NFTs. Some of the most popular NFT social media platforms include Rarible, OpenSea, and Elastos (ELA).
The use of NFTs in social media gives users the ability to monetize their content, as well as allows them to move their assets from one platform to another quickly and easily. If a user posts a piece of content, they can use NFTs to tokenize it and issue digital ownership rights for it, allowing them to set their own price for it and receive payment in real-time. This allows them to make use of the growing NFT market and potentially make a profit from their content.
Binance and Orbs launched DeFi.org in 2021. They launched DeFi.org to support the research and development of open-source projects within the DeFi industry.
