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Friday, December 9, 2022

eBay Drops First NFT Collection

On Monday, the online marketplace eBay unveiled a line of tokenized artifacts based on the career of NHL star Wayne Gretzky, marking the company’s first foray into the nonfungible token (NFT) market.

Gretzky’s likeness, as seen on SI magazine covers, was the basis for the animated depictions in the NFT collection. They are available in four separate rarity tiers: “green,” with 299 copies, “gold,” with 199, “platinum,” with 99, and “diamond,” with just 15.

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The items may be purchased on eBay right now. Sadly, the $1,500 diamond, $100 platinum, and $25 gold limited edition levels have all sold out.

eBay Releases A Press Release

According to eBay’s press release, the prized collection was created in collaboration with the eco-friendly platform for NFTs OneOf, which enables several “energy-efficient blockchains” in order to deliver good NFT collections.

Initially allowing NFT listings in the middle of 2021, the E-commerce giant has yet to integrate blockchain technology to back the sellings on the designed marketplace. According to the conditions of this official drop, users will be notified by in-app message or email with a redemption link to claim their NFT outside of the app.

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The NFTs were issued on the Polygon Ethereum scaling platform and may be listed for secondary trading on OneOf.

Only 3 users have posted platinum tier tokens at a floor price of $199 on OneOf’s secondary market, while a single user has advertised a gold tier NFT for $69.

eBay’s VP of electronics, and home, Dawn Block, commented on the decline, saying that NFT technology is “revolutionizing the collectibles industry” and stressing the company’s desire to introduce NFTs to popular collectors across the world.

By collaborating with OneOf, eBay is helping to bring collectibles formerly reserved for the wealthy to a new generation of enthusiasts. This furthers our dedication to provide the eBay community with highly sought-after, valuable goods.

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