Amazon expands its ambitions into encryption and the launch of NFT. Spring is Coming!

Blockworks exclusively reported on Amazon’s plans to enter the encrypted field this spring based on information obtained by “informed sources.” In July 2021, City AM in London published news that an anonymous insider claimed that Amazon intends to accept encrypted payments by the end of the year, and that it may launch its own native token. The news was combined with Amazon’s newly released recruitment information for the person responsible for digital currency and blockchain caused a sensation. The excitement and joy caused by the crypto community led to a rise in Bitcoin’s price, which was once up to 14.5%. After Amazon clarified the false information, the price of Bitcoin dropped by 7% in an hour. Amazon is one of few large technology companies that have not taken significant steps in encryption. Its official position towards cryptocurrency is somewhat ambiguous. It has not yet announced a clear plan regarding Web3 or encryption, which has sparked curiosity from the community. The “anonymous insider”, a traditional paper media City AM reporter, was arrested. Blockworks, a new financial media, exclusively reported Amazon’s plan to enter the encryption industry on January 26. This report was based on information from “informed sources.” Blockworks stated that four people with knowledge of the matter said that Amazon is planning to launch a digital asset company and that they expect it will launch an NFT program in spring. Multiple sources claim that Amazon has been hard at work to acquire digital collectibles. This includes powerful industry veterans such as Layer 1 blockchain, developers and game developers using blockchain-based games, and digital collectors. asset exchange. Amazon’s main focus is on blockchain-based games, NFT applications, but Amazon may allow users to play encrypted games and earn NFTs free of charge, according to people who are familiar with the matter. It was also revealed that Amazon’s NFT plan was for at least one NFT Airdrop with a well-known encryptionist in the early days. However, it seems that its Web3 strategy has undergone major changes and Amazon is optimistic about NFT’s future development prospects. Andy Jassy, Amazon CEO, stated that he expects NFT to grow and looks forward to the company’s future NFT sales. He stated that cryptocurrencies are becoming more important and it is possible to use them in future and integrate them into company operations. However, adding cryptocurrency as a payment option is still a ways off. Amazon’s documentary “NFTMe”, which focuses on NFT, also shows its openness. NFTMe was launched as a project in 2019 and premiered on Amazon Prime at last year’s end due to the devastating effects of the epidemic. Six episodes of documentary about daily life. Each episode is 30 minutes long. NFTMe filmed six episodes in 30 minutes each. It had more than 50 guests from the NFT field. Filming took place in Europe, Asia, the Middle East, and the United States. The series of episodes range from NFT and blockchain technology, digital cultural journey, tokenization of music, The subversion of the metaverse, the role of NFT in giving voice to artists, and how to apply NFT to companies, etc., demonstrate the diversity and broad influence of NFT and blockchain technology.AWS Blockchain ServiceAlthough Amazon has not launched any NFT or cryptocurrency-related businesses, its cloud computing division, Amazon Web Services (AWS), has many proven blockchain solutions from partners, providing support for all major blockchain protocols, including Hyperledger, Corda, Ethereum, Quorum, etc. Amazon Managed Blockchain, which is a fully managed service, allows users to join a public network or create scalable private networks using the popular open-source frameworks Hyperledger Fabric, Ethereum, and Quorum. It is easy to set up security and networking components, as well as configure hardware and software. It is also scalable, secure, and makes it easy to expand the network. It also uses Amazon QLDB technology to order services. This fully managed ledger database has an immutable log that accurately records the history of all transactions in Avalanche’s blockchain network. AWS and Ava Labs have partnered to increase blockchain adoption by governments, businesses, and institutions. A partnership with Ava Labs will make it easier for developers to create and manage Avalanche nodes. AWS will provide support for Avalanche’s infrastructure, dApp ecosystem and marketplace. AWS also offers one-click deployment of nodes. We have received inquiries. This is an odd decision by Amazon, given the current state of the cryptosphere and NFT market. I can assure you that in 2023, both NFT bubbles and the cryptocurrency market had almost collapsed. This website provides general market commentary but does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: NewsTags: AmazonAvalancheAWSEthereumNFTNFTMeWeb3