Logo of Ebay Inc., an e-commerce group. Photo: Reuters NFT is a type of digital asset that uses blockchain technology – similar to the Bitcoin cryptocurrency – to create a unique chain of code that represents a certain item and cannot be replaced. These sequences are often used to identify digital versions of works of art, song or cyber phenomena. NFT has boomed this year, as enthusiasts spend huge sums of money on artwork and items that only exist online, with some products selling for tens of millions of dollars. However, not all NFTs are collectibles. NFTs can be in-game items, event tickets, and domain names. In the short term, an NFT warehouse will be made available to sellers who meet eBay’s standards. In addition, users can expect future programs, policies and tools that will allow them to buy and sell NFT for a wider range of products. In the coming months, eBay will add new features that may not contain blockchain-based collections, said Jordan Sweetnam, eBay’s Senior Vice President and General Manager for North America. owns 187 million of these users. The announcement comes just a week after eBay said it is looking into the possibility of accepting cryptocurrencies as a form of payment in the future and is looking to enable NFT on its platform.