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Re:Amazon denies report of accepting Bitcoin as payment by mtalantikite on Monday July 26, 2021 @06:42PM (#27966382)
If they're getting into NFT it's to sell shovels to the speculators.
Re:Amazon denies report of accepting Bitcoin as payment by bouncycastle on Monday July 26, 2021 @08:59PM (#27967426)
If you think about it, then this fits Amazons's existing business exactly: To provide a marketplace for people who buy things at cost prices and then sell them for a higher price.
Re:Amazon denies report of accepting Bitcoin as payment by davidcbc on Monday July 26, 2021 @09:35PM (#27967622)
If they really want to lean into the reputation they are getting for being a platform for counterfeits and scams then NFTs are the next logical step
Re:Amazon denies report of accepting Bitcoin as payment by bouncycastle on Monday July 26, 2021 @11:18PM (#27968248)
counterfeits on Amazon? Are you kidding me? sarcastic smile

Seriously though, it's easy to verify if a NFT is genuine - one of the features of Blockchain tech.

Re:Amazon denies report of accepting Bitcoin as payment by jazzyjackson on Tuesday July 27, 2021 @08:43AM (#27971722)
I don’t know what you mean by genuine, non-counterfeit?

You can check that a token exists on chain, but that tells you nothing about whether the person who issued the token owns the copyright to the work. Ie, no guarantees of authenticity.