Shopify Merchants Can Now Create, Mint, and Market NFTs

On Thursday, Shopify (SHOP) expanded its non-fungible token (NFT) integration, enabling its millions of merchants to start developing, minting, and selling Avalanche NFTs.

According to a press release, stores may sell NFTs with minimum technological skills required by using the Venly Shopify merchant app. Merchants’ NFTs are automatically converted into items that may be displayed and purchased on their shops. Furthermore, customers are not needed to have an existing cryptocurrency wallet and will instead get an email with a link to a freshly formed blockchain wallet.

John Nahas, vice president of business at Ava Labs, the Avalanche blockchain’s creator, said that the connectivity makes it simple to handle Avalanche NFT sales from original design to final distribution.

In July 2021, the e-commerce giant introduced its first NFT integration, allowing merchants to sell NFTs directly from their storefronts rather than through third-party marketplaces. Furthermore, the site created an NFT collection in collaboration with the NBA’s Chicago Bulls.
Venly claims that Shopify owners may receive royalties on secondary NFT transactions via the Venly Market.

Shopify’s blockchain ecosystem lead, Christina Lomazzo, commented:

“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.”