Amazon CEO Andy Jassey Hints At Retail Giant’s Possible NFT Adoption

Amazon is one of the few tech giants that hasn’t made any moves in the Web3 space. However, CEO Andy Jassey dropped a “hint” that Amazon might do something with non-fungible tokens (NFTs) in the future. Perhaps the e-commerce giant would sell them or drop them to customers. Since Amazon was first founded, its reliance on emergent technologies has been a key driver in making it the world's largest and most disruptive retailer.

So, hearing it hint at potential Web3 and NFT initiatives sounds like it could be a new page from the same playbook and a powerful statement to other enterprises around the world about the potential business benefits of blockchain.

During a Squawkbox interview, Jassey stated, “I expect that NFTs will continue to grow very significantly. We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger and — it’s possible down the road [that Amazon ingrates crypto payments].”

Sources