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

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

$43 Million Gone: BingX Crypto Exchange Falls Victim To Major Hack

A serious security breach hit Singaporean bitcoin exchange BingX Exchange hot wallets lost almost $43 million on Friday, due to hacker activity One of the biggest crypto attacks this year, this event

Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research

According to Steno Research, Ethereum’s (ETH) days of underperformance against the wider crypto market might be numbered following the US Federal Reserve’s (Fed) decision to cut interest rates

Blackrock’s Ishares Bitcoin Options Get the SEC Green Light

The US Securities and Exchange Commission (SEC) has granted approval for the listing and trading of options on the Ishares Bitcoin Trust (IBIT), a product by Blackrock This decision introduces a new

Gold’s Bull Rally Continues as Interest Rates Get Deep Cuts

The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce Prices slingshotted up after the Federal Reserve announced larger interest rate

Sky votes to remove Wrapped Bitcoin as collateral amid community concerns

Sky, formerly MakerDAO, decided to remove the usage of Wrapped Bitcoin (WBTC) as collateral for borrowing through a governance vote concluded on Sept 19 BA Labs, the former Risk Core Unit, was named