If you hope for one day you can pay your next Amazon impulse purchase with Cryptocurrency, today’s news may occur as a disappointment. Andy Jassy, Amazon CEO, said in an interview that he did not imagine a platform that added Crypto as a payment method in the near future. However, the news was not all bad – Jassy admitted that he believed Crypto would only continue to grow and proceed to say many of the same things about non-worthy tokens (NFT).
NFTS is a digital asset with ownership assigned. Buying nft can be equated by buying paintings from the art gallery – you are the only special NFT owner, and you are the only one who can sell it or hold it up to (ideally) growing value. Of course, NFTS is a rather controversial topic today, with many people stop them as a simple image that can be downloaded at a certain time. However, as far as proof of ownership, NFT is beginning to be recognized as a legitimate form of having digital assets. Andy Jassy seems to agree with that possibility.
Jassy spoke with CNBC after the release of his first annual shareholder letter after he took over from Jeff Bezos. He talked about Crypto, expressed his attitude on the digital and NFT currency. Even though he suggested that he did not have Bitcoin or NFT, Jassy was optimistic about the future of these two technologies. As a result, he did not ignore the possibility that Amazon would one day be involved with both. At the same time, he clarified that this platform was not close to adding Crypto as a payment mechanism, but he acknowledged the growth of Crypto in very similar sentences by clarifying that he expected it to remain bigger.
Amazon may one day sell NFTs
Amazon CEO suggested that he imagine a bright future for unworthy tokens. He stated that he hoped to see significant growth of this technology. Jassy also believes that in the future, the giant e-commerce like Amazon can be involved in sales of NFTS. Seeing NFFTs is not limited to simple images, and proof of ownership, which is recorded on blockchain, can be assigned to all methods of assets, the potential must be there. Music, art, and movies can be nfts every day on a platform that chooses to involve this digital token system.
Whether someone likes NFTS or not, it is difficult to deny the intense growth that technology has seen over the past few years. According to CNBC interview with the Nonfungible.com Co-Founder, NFT worth $ 17.6 billion was traded in 2021. It was 21,000% growth from 2020 – yes, twenty thousand percent.
At present, there are no clear signs of the end of this exponential development. NFTS fluctuates a lot of value, just like cryptocurrency, and the market is very fluctuating. Just like in Crypto, some NFT can be reversed for big profits, while others are total breasts. However, the idea that there are more and more people who choose to engage with NFT with one or another way no longer becomes a problem of opinion.