eBay drops first NFT collection to non-crypto mainstream buyers

Share This Post

“You don’t have to be a crypto expert to buy, sell, and collect NFTs. OneOf and eBay are bringing transformative Web3 technology to the next 100M non-crypto-native mass consumers,” said OneOf CEO Lin Dai.

E-commerce giant eBay has officially launched its first nonfungible token (NFT) drop with a series of tokenized collectibles featuring National Hockey League legend Wayne Gretzky that went live on Monday.

The NFT collection depicts animated versions of Gretzky that were inspired by Sports Illustrated magazine covers. They come in four different tiers of rarity including green at 299 editions each, gold at 199, platinum at 99 and diamond at 15.

The collection is up for sale on eBay’s marketplace now. However, the limited-edition diamond, platinum and gold tiers worth $1,500, $100 and $25, respectively, have already sold out.

According to the announcement from eBay, the collection was developed in partnership with environmentally focused NFT platform OneOf, which supports multiple “energy-efficient blockchains” to provide sustainable NFT collections.

EBay initially enabled NFT listings around mid-2021 but hasn’t integrated blockchain tech to support the sales on its marketplace. In terms of this official drop, users are sent a redemption link via in-platform messaging or email to receive their NFT outside of the platform.

The NFTs were minted on Ethereum scaling platform Polygon and can be put up for secondary trade on OneOf.

Secondary trade for the NFTs on OneOf has been minimal so far, however, with only three users listing platinum tiered tokens at a floor price of $199, while one user has listed a gold tier NFT for $69.

Commenting on the drop, eBay’s vice president of collectibles, electronics and home Dawn Block stated that NFT tech is “revolutionizing the collectibles space” and emphasized that the firm is looking to bring NFTs to mainstream collectors across the globe:

“Through our partnership with OneOf, eBay is now making coveted NFTs more accessible to a new generation of collectors everywhere. This builds upon our commitment to deliver high passion, high-value items to the eBay community of buyers and sellers.”

Related: eBay to add crypto payment options soon, says CEO

OneOf CEO Lin Dai echoed similar sentiments, noting that the duo is looking to make NFTs accessible to people that aren’t well versed in crypto:

“You don’t have to be a crypto expert to buy, sell, and collect NFTs. OneOf and eBay are bringing transformative Web3 technology to the next 100M non-crypto-native mass consumers.”

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Approaches $65,000: Is Now The Perfect Time To Buy?

As Bitcoin price valuation inches closer to the $65,000 mark, the asset has grabbed the attention of market analysts, with one recently highlighting a key indicator that now suggests a potential

FATF Urges India to Strengthen Virtual Asset Regulation

India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing In a joint assessment

Bitcoin Bull Run Begins: Expert Points To Massive Upside Potential In Coming Months

The cryptocurrency industry could be gearing up for a remarkable cycle as a market expert has claimed that the long-awaited Bitcoin bull run is finally starting, pointing to a potential significant

Bullish Analyst Sees Cardano (ADA) Rising 13% As Key Indicator Signals Buy

In a notable divergence from the broader cryptocurrency market, Cardano (ADA) has faced challenges in capitalizing on the recent bullish sentiment triggered by the Federal Reserve’s decision to

JPMorgan Forecasts Potential 50bps Rate Cut in November Following Recent Fed Move

JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points The bank, which predicted this week’s half-point cut,

Securitize taps Wormhole to boost cross-chain tokenization for institutional assets

Securitize has partnered with Wormhole Foundation to enable cross-chain interoperability for all assets tokenized on its platform, according to a Sept 20 announcement The partnership will make