eBay Drops First NFT Assortment on Polygon

Key Takeaways

  • eBay has launched its first-ever NFT assortment in partnership with the OneOf NFT market.
  • The primary drop options previous, 3D animated Sports activities Illustrated covers of the previous skilled hockey participant Wayne Gretzky.
  • The NFTs are hosted on Polygon and accessible for buy on eBay’s Web2 platform.

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

eBay Releases NFTs on Polygon

After Meta, Twitter, Adidas, Visa, and a number of different multinational firms, eBay is moving into NFTs.

The worldwide e-commerce large introduced in a Monday press launch that it had launched its first NFT assortment through a strategic partnership with the multi-chain NFT market OneOf. The gathering, dubbed “Genesis,” will function animated 3D renditions of iconic athletes featured in one of many U.S.’s hottest sports activities magazines, Sports activities Illustrated.

The first drop of the NFT assortment is already accessible for buy on eBay. It options animated Sports activities Illustrated covers of the previous record-breaking Canadian ice hockey participant Wayne Gretzky. “Forty years in the past, I used to be grateful to be on the quilt of Sports activities Illustrated, it was a monumental second in my life,” Gretzky stated within the press launch, including that he was “honored” to be featured within the assortment. eBay’s first drop contains 13 restricted version NFT packs in a four-tiered system with completely different rarities, together with inexperienced, gold, platinum, and diamond tiers, with costs ranging from $10. 

In contrast to most different NFTs, that are sometimes offered in change for different cryptocurrencies—often Ethereum—the Genesis NFTs auctioned off on eBay are offered for U.S. {dollars}. Moreover, the gross sales usually are not performed on-chain however slightly on eBay’s Web2 platform, and the property shall be delivered to their respective patrons through a redemption hyperlink despatched by way of chat and e mail.

Commenting on the corporate’s first NFT drop, eBay’s vp of collectibles, electronics, and residential, Daybreak Block, stated: 

“NFTs and blockchain expertise are revolutionizing the collectibles area, and are more and more seen as an funding alternative for lovers. By way of our partnership with OneOf, eBay is now making coveted NFTs extra accessible to a brand new era of collectors in every single place. This builds upon our dedication to ship excessive ardour, high-value objects to the eBay group of patrons and sellers.”

In keeping with eBay’s assortment description, the NFTs shall be hosted on the Ethereum scaling resolution Polygon and accessible for reselling on the OneOf market. Eight of the 15 diamond-tiered NFTs had been offered at press time.

Disclosure: On the time of writing, the writer of this piece owned ETH and a number of other different cryptocurrencies.

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