eBay Launches 'Genesis' NFT Collection Amid Declining Market Interest - Aliens: AI Crypto News & Markets Updates
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eBay Launches 'Genesis' NFT Collection Amid Declining Market Interest

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Blockworks

Mon, May 23, 2022

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The first of its “Genesis” NFT collection will feature 3D renditions of Canadian hockey legend Wayne Gretzky eBay tapped NFT platform OneOf to provide its “eco-conscious” Web3 tech rails E-commerce giant eBay is looking to get some skin in the NFT game despite declining interest as represented by total global sales and a contracting crypto market.

Additional drops of OneOf’s sports legends NFT series, repurposing iconic Sports Illustrated covers, will take place throughout the remainder of the year in partnership with eBay, the companies said.

eBay’s foray into the NFT market comes shortly on the heels of its biggest rival Amazon and its CEO Andy Jassy who told CNBC last month he envisioned a “ possible ” future where the platform sold NFTs. Despite the interest from online sales giants, activity in the NFT market has wavered alongside declining prices throughout the broader crypto market.

According to the Q1 2022 quarterly NFT market report by data provider NonFungible, sales volume, exchange volume and the total number of active addresses with digital collectibles has steadily declined since peaking in January.

Still, both OneOf and eBay remain steadfast their partnership will lead to the “next 100 million non-crypto-native mass consumers,” according to the NFT platform’s CEO Lin Dai.

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