Start Web3 business?
US e-commerce giant Amazon may launch a new digital asset business. Crypto assets (virtual currency) media “Blockworks” reported on the 27th, summarizing the stories of five sources.
The project is scheduled to start in the spring of this year, with a target date of April. Specifically, Amazon users will be able to obtain NFTs (non-fungible tokens) and play blockchain games.
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Amazon is in talks to work with Layer 1 blockchain projects, blockchain game startups, digital asset exchanges and developers for its digital asset business, multiple sources have revealed. .
While NFTs are said to be the centerpiece of the business, which is aimed to start in the spring, one of the sources explained that Amazon is considering many Web3 businesses going forward. These digital asset businesses will be developed by Amazon itself, not AWS (Amazon Web Services), which provides cloud services.
What is Web3
Also known as the “Next Generation Internet,” it refers to a decentralized network based on blockchain. Specifically, it includes NFT and virtual currency.
The early Internet, in which the flow of information was one-way, is called “Web1,” and the current centralized Internet is called “Web2.”
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The report raises the possibility of Amazon launching a new digital assets business after it was revealed earlier this month that it plans to cut more than 18,000 jobs.
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Amazon’s stance
Until now, AWS has been more active in the Web3 business. Most recently, on the 12th of this month, AWS partnered with Ava Labs to operate nodes and deploy dApps (decentralized apps) to support the infrastructure and ecosystem of Avalanche (AVAX).
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Amazon, on the other hand, was not negative about the Web3 business either. Last April, the company’s CEO, Andy Jassy, said Amazon could sell NFTs.
At that time, he explained that he is optimistic about the future of NFTs and cryptocurrencies, even though he does not own NFTs or Bitcoin (BTC). Although Amazon has no plans to introduce virtual currency as a payment method in the short term, he also indicated that he personally believes that NFTs and virtual currencies will spread in the future.
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