eBay Collaborates With Web3 Platform To Launch Its NFT Collection

Despite the plummeting sales of NFT, the popularity of the asset class is rising each day. eBay became the latest company to dive into the NFT space. Today, the marketplace announced that it would be releasing its first NFT collection in collaboration with OneOf, a web3 platform.

The NFT collection is dubbed “Genesis.” It features animated and 3D interpretations of the iconic athletes featured on covers of the Sports Illustrated. The increase in the collectibles brought about the first collaboration in the NFT space, claims eBay.

Wayne Gretzky, a Canadian hockey player, will be featured in the first NFT collection, which will be available from today. The collection consists of 13 limited-edition digital collectibles as platinum, green, gold, and diamond-tier NFTs.

The starting price of the NFT is $10 and has a 3D rendering or animation of Gretzky. eBay also intends to launch additional collections that will feature more athletes throughout the year.

The vice president of collectibles, electronics, and home at eBay, Dawn Block, said in a statement that eBay for a new generation of collectors would make the coveted NFTs more accessible via their partnership with OneOf.

The firm believes it develops a commitment to offering high-passion, high-value items to the eBay community of sellers and buyers.

The launch of the NFT collection by the firm did not come as a surprise since eBAY disclosed its intention to adopt NFTs and integrate new capabilities, bringing blockchain-driven collectibles to its platform.

Over the years, the marketplace has gained quite a reputation in the online shopping space. However, it will be interesting to see how it will compete with dozens of crypto native NFT marketplaces present in the market already.

eBay is now part of the increasing number of firms that seek to embrace NFTs and integrate them into their platforms. Recently, Instagram made the announcement that it will begin testing with selected creators in the United States.

Last week, Spotify confirmed that it would be testing new features that would enable artists to market their NTFs on their profiles.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing