eBay will soon let you sell NFTs

Meanwhile, Merriam-Webster is selling its definition of NFT as an NFT.

Corinne Reichert Senior Writer
Corinne Reichert (she/her) grew up in Sydney, Australia and moved to California in 2019. She holds degrees in law and communications, and currently oversees the CNET breaking news desk for the West Coast. Corinne covers everything from phones, social media and security to movies, politics, 5G and pop culture. In her spare time, she watches soccer games, F1 races and Disney movies.
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Corinne Reichert

Looking to complete your collection of NFTs? eBay wants to have you covered.

Angela Lang/CNET

eBay has announced it'll soon allow people to sell nonfungible tokens, or NFTs, on its website. NFTs will unlock new ways for eBay customers to complete their collections, the company said Tuesday.

"NFTs offer greater access to a broader audience of collectors and creators," eBay said. "In the same way digital publishing brought more exposure for writers, digital collectibles bring greater opportunity for artists and creators." 

eBay will allow "trusted sellers who meet our high standards" to sell NFTs across music, art, trading cards and entertainment in the coming months, and will later add the ability for others to sell NFTs in more categories.

NFTs, unique blockchain-created certificates of authenticity for digital assets like a piece of music, a video or an artwork, have been gaining in popularity as people buy and sell things like memes, fart noises, the first tweet ever and even the word "cheugy." US dictionary Merriam-Webster on Tuesday announced that it's now selling the NFT of its definition of NFT.

Merriam-Webster's definition of an NFT is "a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership (as of a specific digital asset and specific rights relating to it)."

Most NFTs use the Ethereum blockchain to digitally record any transactions, much like how cryptocurrency transactions are recorded.