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EBay considers NFTs

Soon you can sell your digital art on EBay

With all interest in auctions of arts as NFT (non-fungible tokens) on blockchains, EBay announced it is investing how its e-commerce site can include selling and buying NFTs that is increasingly used as a solution to deal in digital arts, music and other digital collectibles.

The company repeated earlier made statements about considering accepting accepting cryptocurrencies as a form of payment in the future.

A growing number of companies have started accepting virtual currencies with lots of attention paid to Elon Musk who said he will sell his electric car Tesla to people paying in Bitcoins. Payment service PayPal has started allowing customers to buy, sell and hold cryptocurrencies using its online wallets.

“We are always looking at the most relevant forms of payment and will continue to assess that going forward. We have no immediate plans, but it (cryptocurrency) is something we are keeping an eye on,” eBay said in a statement to Reuters.

In an interview with CNBC, Chief Executive Officer Jamie Iannone said that accepting virtual currency is an option the company is investigating.

“We’re exploring opportunities on how we can enable it (NFTs) on eBay in an easy way,” Iannone said. “Everything that’s collectible has been on eBay for decades and will continue to be for the next few decades.”

The company has earlier said that it is “taking a particular focus on cryptocurrency and blockchain because we see their potential to expand global ecommerce and make it more frictionless and affordable for consumers – however there are many unknowns to work through.”

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