Amazon Web Services, the cloud computing subsidiary of e-commerce giant Amazon, on Wednesday announced a partnership with Cronos, deepening its roots in the crypto space. Amazon keeps expanding its presence in the crypto, blockchain, Web3, and NFT areas considering major advancements in the future. Traders immediately reacted to the announcement, with Cronos (CRO) price skyrocketing 8% in just an…

As per the latest report, tech giant Amazon is gearing up to delve into the world of digital assets and non-fungible tokens (NFTs). Speaking to Blockworks, sources familiar with the matter said that Amazon is launching a digital assets enterprise and its NFT initiative will come as soon as the spring of 2023. Sources familiar with the matter said that Amazon is pushing its digital collectibles…

NFT interaction in the Metaverse

Users can have complete control over their digital assets in the Metaverse, thanks to NFTs. Blockchain technology provides immutable confirmation of ownership that underpins these virtual worlds.

For instance, if you bought a bunch of LAND in Decentraland, the Metaverse would provide you with proof of confirmation in the form of NFTs, which would be guaranteed by the blockchain.

Crypto interaction in the Metaverse

Cryptocurrencies are the Metaverse's money, and each Metaverse has its own set of coins. They're used for paying everything, including NFTs, virtual real estate, avatar shoes, and more.

Amazon’s Payment Team Hiring Digital Currency Expert to Develop Cryptocurrency Strategy and Products

Amazon’s Payments Acceptance & Experience team is hiring a digital currency and blockchain expert to develop the company’s digital currency and blockchain strategy and product roadmap, including a launch strategy. “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” the company’s spokesperson said. Amazon Developing Crypto…

Rakuten Exchange Could Push Amazon to Accept Cryptocurrency

The first four months of 2019 have already kicked off a string of high-profile acquisitions for cryptocurrency, including the development of J.P. Morgan Chase’s stablecoin. With social media giant Facebook looking to release its own coin at some point in the near future, the adoption of cryptocurrency is beginning to pick up pace.

However, investors are still unable to use their coins directly…