Amazon reportedly has plans to create a Non-Fungible Token (NFT) marketplace.
Sources familiar with the matter told media company Blockworks that Amazon is launching a “digital assets enterprise”, with its NFT initiative launching as early as spring 2023.
The sources also reported that the new initiative will enable Amazon customers to play crypto games and claim free NFTs in return, adding that overall, Amazon is putting up a major focus on blockchain-based gaming as well as other related NFT applications.
Another insider told Blockworks that upon the new initiative’s launch, Amazon shoppers will be able to purchase fashion-oriented NFTs that are linked to physical clothing.
Multiple sources have also said that Amazon’s broader intention is to create “some type of private blockchain”.
The reports follow news that social media platform Intagram is testing the minting and selling of NFTs.
Speaking at the recent Mobile World Conference in Barcelona, Domhnaill Hernon, global lead at EY's metaverse labs, said that NFTs will “completely transform” the way we interact online.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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