Home Shayne Heffernan on Investments Shopify users get their hands on Tezos NFTs 

Shopify users get their hands on Tezos NFTs 

by Natalies Edwards

The Tezos NFT ecosystem gained a lot of traction over the past year due to its low cost of minting and energy efficiency.

Tezos partnered with Taco

The Tezos blockchain partnered with Web3 automation platform Taco. This allow Shopify users to access Tezos nonfungible tokens (NFTs) via Taco’s NFT loyalty program. The e-commerce giant has established itself as a growing destination for brands looking for Web3 engagements.

The Taco app allows brands to integrate Web3 solutions such as NFTs to increase engagement with customers and e-commerce platforms. Shopify use Taco app plugins to offer these services to their merchants.

The NFT loyalty programs aid brands in strengthening their bonds with consumers, boosting customer engagement and retention. The latest integration of Tezos NFTs would help the blockchain utilize its NFTs to reward devoted customers with special offers, discounts and experiences.

With the latest integration of Tezos into the Taco app, Shopify merchants everywhere now have a new method to interact with customers and connect to the expanding Tezos NFT community.

Earlier in June, Shopify announced a new reward system called Tokengate under its connect-to-consumer initiative. Token gate allowed select merchant partners to roll out exclusive goods for NFT stakeholders. The e-commerce giant was among the first to integrate Bitcoin and Lightning payments on its platform.

Tezo’s affordable NFT minting and low transaction fees, has drawn a diverse NFT community. Such as artists, collectors and builders from all around the world. The high energy efficiency of Tezos has made it the go-to platform for NFT integration. For example, gaming giant Ubisoft integrated Tezos NFTs for its gaming rewards toward the end of 2021.

Tezos, a proof-of-stake blockchain registered a significant bump in on-chain activity and smart contract transactions thanks to a rising NFT market. The platform registered 50,000 transactions per day in the first quarter of 2022 from less than 10,000 per day in January 2021.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.
CLOSE