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eBay Drops First NFT Assortment on Polygon

eBay Drops First NFT Assortment on Polygon

Key Takeaways

  • eBay has launched its first-ever NFT assortment in partnership with the OneOf NFT marketplace.
  • The predominant drop parts dilapidated, 3D moving Sports activities Illustrated covers of the aged educated hockey player Wayne Gretzky.
  • The NFTs are hosted on Polygon and available in the market for boom on eBay’s Web2 platform.

eBay has launched its first-ever NFT assortment in collaboration with the fairway NFT marketplace, OneOf.

eBay Releases NFTs on Polygon

After Meta, Twitter, Adidas, Visa, and a host of assorted multinational firms, eBay is coming into NFTs.

The international e-commerce extensive launched in a Monday press free up that it had launched its first NFT assortment through a strategic partnership with the multi-chain NFT marketplace OneOf. The assortment, dubbed “Genesis,” will characteristic moving 3D renditions of iconic athletes featured in one amongst the U.S.’s most fashionable sports activities magazines, Sports activities Illustrated.

The first drop of the NFT assortment is already available in the market for boom on eBay. It parts moving Sports activities Illustrated covers of the aged describe-breaking Canadian ice hockey player Wayne Gretzky. “Forty years in the past, I became as soon as grateful to be on the cloak of Sports activities Illustrated, it became as soon as a monumental 2d in my lifestyles,” Gretzky mentioned in the press free up, adding that he became as soon as “honored” to be featured in the assortment. eBay’s first drop contains 13 restricted model NFT packs in a four-tiered system with assorted rarities, including green, gold, platinum, and diamond tiers, with costs starting from $10. 

Now not like most assorted NFTs, that are normally sold in substitute for assorted cryptocurrencies—on the final Ethereum—the Genesis NFTs auctioned off on eBay are sold for U.S. greenbacks. Moreover, the gross sales aren’t performed on-chain nonetheless quite on eBay’s Web2 platform, and the resources would possibly maybe be dropped at their respective patrons through a redemption link despatched through chat and email.

Commenting on the firm’s first NFT drop, eBay’s vice chairman of collectibles, electronics, and dwelling, Crack of crack of dawn Block, mentioned: 

“NFTs and blockchain skills are revolutionizing the collectibles predicament, and are increasingly considered as an investment alternative for fans. Thru our partnership with OneOf, eBay is now making coveted NFTs extra accessible to a peculiar skills of collectors in every single place the living. This builds upon our dedication to bring excessive ardour, excessive-tag gadgets to the eBay community of patrons and sellers.”

Basically primarily based on eBay’s assortment description, the NFTs would possibly maybe be hosted on the Ethereum scaling acknowledge Polygon and available in the market for reselling on the OneOf marketplace. Eight of the 15 diamond-tiered NFTs had been sold at press time.

Disclosure: At the time of writing, the author of this portion owned ETH and several other assorted cryptocurrencies.

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