As of yesterday, non-fungible tokens (NFTs) can be bought on an auction basis on the eBay marketplace, as is the case on all more “traditional” crypto art platforms.
“An NFT inventory will be provided to sellers who meet eBay’s standards”.
This was said by Jordan Sweetnam, senior vice president and general manager of eBay’s US marketplace, told Reuters, explaining that there will be special policies and tools for this type of marketplace.
He then explained:
“In the coming months, eBay will add new capabilities that bring blockchain-driven collectibles to our platform”.
NFTs on eBay
In short, it is a very easy way to sell and especially to buy NFTs, since many platforms have different entry barriers, especially if we consider the case in which artists and collectors are not already experts in the crypto world. In addition, the fact that Ethereum is not used as a payment releases the blockchain from its high gas fees. At the moment, for example, the gas fee is as high as around 300 gwei, which entails spending as much as $100 just to participate in an auction.
This is the first work that appears by going to eBay today and searching for NFT in the search bar:
eBay, Amazon and cryptocurrencies
On eBay, there are also individual users with BTC who offer them for sale, taking advantage of the huge number of users who search on this platform.