eBay, the popular e-commerce platform has a user base of 182 million customers across 190 different countries. It made a big-bang announcement after launching its Non-Fungible Token (NFT) marketplace recently. The eBay ecommerce platform will sell NFTs based on numerous categories like art, entertainment, music, and trading cards to buyers.
This marks a new era for crypto collectibles. The world of digital collectibles has been getting increasing attention now from both institutional and retail investors. It has accumulated a gigantic market capitalization of $16.15 billion. Additionally, the daily trading volume is $3.13 billion as per CoinMarketCap.
The entry of eBay into NFT selling indicates that the e-commerce industry has embraced the trading of high-value crypto collectibles. More online shopping platforms will also follow this promising trend by setting up their own NFT marketplaces.
