eBay jumps on the NFT train

Global eCommerce platform eBay has jumped onboard the NFT train.

The online platform is now allowing the sale of non-fungible tokens for digital collectibles like trading cards, images, and video clips.

NFTs which are virtual assets that exist on a blockchain ledger has exploded in popularity this year, as enthusiasts spend enormous sums of money on artwork and other items that exist only online.

eBay has become the first e-commerce company to tap into the recent frenzy around NFTs.

NFTs are usually bought with the cryptocurrency Ethereum, or in dollars and the blockchain keeps a record of transactions.