If any of Shopify’s millions of merchants wants to sell NFTs, they don’t need to point customers to a dedicated marketplace like OpenSea or Magic Eden. Instead, they can mint and list NFTs through their existing storefront through one of Shopify’s blockchain apps. Thank you! VenlyThese NFTs are now possible to be issued Avalanche.
Venly, a blockchain startup, has announced today that it will expand Avalanche support through its platform. Shopify NFT Minting App. The layer-1 Blockchain Platform is claimed to be a cheaper, faster alternative for top NFT platforms. EthereumPreviously, only Shopify users could access it. However, the feature is now available to all merchants.
Shopify claims that Shopify is an important ecommerce platform, which powers online stores for millions of sellers all over the globe. CEO Tobi Lütke is a Web3 advocate who also Participates on the Board of Directors At crypto exchange Coinbase
Venly says that buyers won’t need an Avalanche account to purchase NFTs. They don’t even need to be familiar with cryptocurrency. Instead, buyers can pay with fiat currency (such as a credit card), and then they will be sent a link that takes them to a new Avalanche account with the newly minted NFT inside. They can then transfer it elsewhere if necessary.
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Venly was established in 2018, and offers blockchain wallet solutions. blockchain app partners Integrated within the Shopify ecosystem Other partners also offer tools to enable users to make NFTs using blockchain. Platforms like Ethereum or Flow In the past.
Tim Dierckxsens was the co-founder of Venly and is also its CEO. Decrypt It was the first to offer NFT minting tools for artists and brands on Shopify. However, it realized that there was growing demand for an easy-to-use, no-code tool that anyone could use to create NFTs. Venly was requested by Shopify to develop an app that would allow mainstream users to make NFT purchases.
“I believe it’s one of the biggest evolutions [for NFTs] where this can be taken to a mass market,” Dierckxsens told Decrypt, “and you don’t need to understand the necessity of crypto to make the purchase.”
Venly allows Venly merchants to sell NFT collectibles from Shopify. Offer NFT token-gated experiencesNFTs can be tied to physical products for authentication. Dierckxsens also believes that there’s significant potential for creators and artists to sell NFTs through social media channels that can integrate or point to Shopify stores.
“Our growing blockchain ecosystem demonstrates our commitment to supporting merchants as they sell NFTs directly through their storefronts, helping to further grow participation in Web3 and expand what’s possible in commerce,” said Shopify Blockchain Ecosystem Lead Christina Lomazzo in a release.
Venly’s Shopify NFT minting software was first introduced by Venly on PolygonThe Ethereum Scaling network, in the latter part of 2021. Avalanche will be the second network supported. Dierckxsens stated that Venly plans to support NFTs minted through Hedera Scaling Ethereum network Immutable X The future.
His intention is to concentrate on Ethereum layer-1 networks and Ethereum layer-2 platforms with low gas costs for customers. Decrypt. Ethereum mainnet gas fees can vary widely and be costly, even if they don’t appear to swing as violently as they did during the Initial NFT buying frenzy in 2021.
“You cannot sell a mass market item and expect end users to pay around $20 to $100 in transaction fees,” Dierckxsens said.
Although NFT trading volume on the platform is relatively low—about $1.2 million worth in December, per data from CryptoSlam—Avalanche has seen growing NFT adoption over the last year. OpenSea, the leading NFT marketplace Additional support for Avalanche NFTs October The Web3 gaming is growing Over the course of 2022, the platform will be available for use.