Shopify is starting to allow its e-commerce customers to sell NFTs 'directly'

advertisement

Shopify's president said Monday that the e-commerce company is directly supporting the sale of non-fungible tokens (NFTs) for its merchants, though the offering's scope appears limited at this time. 

In a pair of tweets, company president Harley Finkelstein said "we are making it easier for our merchants to sell NFTs directly through their stores" before highlighting a pending NFT drop from the Chicago Bulls basketball team.

According to the terms and conditions of the Bulls' offering, these particular NFTs are being created via the Flow blockchain, launched by NBA Top Shots developer Dapper Labs.

"Before Shopify offered this capability, merchants would have to sell through a 3rd party marketplace aka less control of the sale and customer relationship," Finkelstein tweeted. "Once again we are putting the power back into the hands of merchants and meeting customers how and where they want to buy."

When asked on Twitter whether the option is available for all Shopify customers, Finkelstein replied: "A select few for now. Stay tuned." 

Shopify did not immediately respond to a request for comment about its NFT capabilities. 

Image credit: JHVEPhoto / Shutterstock.com

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Will Sanctions Drive Russia into the Arms of Cryptocurrencies?

From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC
More