Shopify does everything to power independent sellers. Recently, the Canadian e-commerce company introduced Avalanche-based NFTs with the help of Venly app. It is available as NFT Minter (Avalanche), starting from $49 per month with a 14-day free trial, on the Shopify App Store.
The Venly Shopify NFT App provides users with the exciting opportunity to engage in Web3 eCommerce regardless of their technical expertise. Being a blockchain that is very fast, low cost, and eco-friendly, Avalanche was an obvious choice for us to provide businesses an excellent NFT sales solution.
Tim Dierckxsens, CEO and Co-founder, Venly
What is NFT?
NFT or non-fungible token is a type of digital asset that represents ownership of a unique item or object. Unlike other types of digital assets such as cryptocurrency, which are interchangeable and can be easily exchanged for other assets of the same type, NFTs are unique and cannot be exchanged for other assets in a one-to-one manner.
NFTs are often used to represent ownership of digital art, collectibles and other types of digital media.
What is Avalanche?
Avalanche is a platform that allows the building and deploying of scalable and secure blockchain applications. It is designed to be fast, secure, and scalable, and it uses a unique consensus algorithm that allows it to process a large number of transactions quickly.
The other base for NFTs is Polygon, which was formerly known as Matic Network. It is a protocol and network for building and connecting decentralized applications (dApps) on the Ethereum blockchain. Polygon is designed to provide faster and cheaper transactions than the main Ethereum network, making it more suitable for dApps that require high scalability and low fees.
It is possible to create NFTs on both Polygon and Avalanche, as both platforms support the creation and issuance of non-fungible tokens. However, the specific process for creating and using NFTs on these platforms may vary. Both platforms advise users to read documentation and instructions provided when working with NFTs.
About Venly
Developer Venly has an app for Polygon NFTs as well. It is available as NFT Minter (Polygon) on the Shopify App Store for the same price as NFT Minter (Avalanche). Venly is a Belgium-based company known for providing web3 technology to e-commerce merchants. With apps like NFT Minter (Avalanche) and NFT Minter (Polygon), Venly ensures that merchants buy and sell NFTs on Shopify without any technical knowledge of the Blockchain.
“With Shopify’s vision to make commerce better and our goal of making blockchain simpler, we offer businesses an accessible point of entry to both,” Tim Dierckxsens, CEO & Cofounder of Venly, said as quoted by The Cryponomist.
“The Venly Shopify NFT App provides users with the exciting opportunity to engage in Web3 eCommerce regardless of their technical expertise. Being a blockchain that is very fast, low cost, and eco-friendly, Avalanche was an obvious choice for us to provide businesses an excellent NFT sales solution,” Dierckxsens added.
Why Choose NFT Minter (Avalanche)?
Avalanche allows merchants to finalise the purchase and sale of NFTs on an instant basis and involves lower costs. “The Venly Shopify NFT app gives millions of Shopify merchants the ability to quickly level up their digital stores with the speed and eco-friendliness of Avalanche NFTs,” John Nahas, VP of Business Development at Ava Labs, said.
“The integration makes it easy to navigate Avalanche NFT sales from initial design all the way through final distribution. The app powered by Avalanche marks a step forward for Web3 UX — and NFT enjoyers all over the world,” Nahas added.
In October, Avalanche NFTs were integrated into the most popular Non-Fungible Token marketplace, OpenSea. The marketplace helps creators, contributors and collectors to engage with NFTs for greater blockchains and better selection. OpenSea is also part of existing Avalanche NFT marketplaces like Joepegs, Campfire, Kalao and NFTrade. All these platforms allow users to showcase, list, and trade Avalanche NFTs.
NFT Minter (Avalanche) allows Shopify merchants to sell NFTs from their online store in a matter of minutes. It is simple to use and can be quickly configured as per store requirements. Merchants require no deep technical understanding of blockchain.
“The app was built to make it easy for any merchants, to design, sell and ship NFTs to any audience. This app creates and mints NFTs on the Avalanche blockchain,” it states on the Shopify App Store.
Shopify’s Intent
Shopify sees the future of e-commerce in NFTs. and Web3 technology. In August, it invested in a London-based startup, Thirdweb, to develop a toolkit for Web3 products. Thirdweb raised a Serie A funding of $24 million after reaching a valuation of $160M by Shopify, Coinbase and Haun Ventures.
Web3 products include non-fungible tokens (NFTs), decentralized autonomous organization (DAOs) and blockchain games. The new Web3 toolkit planned by Thirdweb will provide features like decentralised logins, smart contracts and publishing options. It will not only support blockchains but also attract new users by bringing Web3 products to the mainstream.
In September, Shopify partnered with Customer Experience Management Platform (CDXM) Luxlock and Smart Token Labs to offer a token-based shopping experience on the e-commerce platform. The Brand Connector of Smart Token Labs helps Luxlock attract new customers to online stores based on their experiences related to digital asset holdings. The software also helps in rewarding the holders of NFTs.
Luxlock is working with 37 online stores based on Shopify. Talking about NFTs, the New York-based company said it is “an integral part of bringing brands and consumers to more intimate and exclusive experiences, with token-gated experiences that can increase exposure and awareness to an emerging consumer group”.
Luxlock helps brands on Shopify to integrate Web3 products. With Smart Token Labs, it aims to support personalization by curating the best shopping practices for each user, based on their experience. Luxlock promises to offer a high-impact engagement using Brand Connector.
Web3 Innovation
In October, Shopify partnered with Novel to offer its merchant partners no-code Web3 technologies. Novel launched its Shopify app to offer a Web3 innovation experience without technical knowledge, time commitments and at a lower cost.
Novel uses smart contracts to work on the NFT collection and offer tokens to make purchases on the Shopify store. After the purchase, the Novel app automates the currency bridge by offering customers a corresponding crypto wallet.
