Shopify launches the service of selling NFT goods!

A few days ago, Harley Finkelstein, President of Shopify, announced the launch of a service to sell NFT products on Twitter.

According to Shopify’s introduction, through this new service, sellers can create NFTs on popular blockchains such as Ethereum, Polygon, Near, and Flow, and use Shopify Payments, Shop Pay, encrypted payment gateways, credit or debit cards, etc. Receive the payment from the buyer.

Maybe some people don’t know much about NFT. The full name of NFT is Non-Fungible Tokens, which is often translated as “non-fungible tokens/non-fungible tokens” in Chinese.

Because NFT has irreplaceable characteristics, it means that it can be used to represent unique things, such as the original Mona Lisa painting in a museum.

When a user purchases an NFT, it means that they have obtained an indelible ownership record and the right to use actual assets. For example, if a user purchases a piece of art, it can be displayed and copied, but only this person is its actual owner.

NFT is a “unique” asset in the digital world. It can be bought and sold and used to represent some commodities in the real world, but the way it exists is intangible.

NFT can represent almost any digital asset, including artwork, music or movies, virtual items, and audio files. The previous NFT, a digital painting composed of 5,000 smaller images created by artist Beeple, was sold at Christie’s auction house for a bid of more than $69 million.

According to the data collected by Shopify, the average purchase price of most NFTs is more than $100; in the United States, approximately 4.1 million people have bought or sold NFTs. Shopify said that using its NFT product service can reduce the complexity of encryption; by issuing COA, it can prove ownership like any other physical product.

In addition, customers can easily claim their NFT via email and add it directly to their wallet. However, this feature is currently only available to US Plus merchants.

Finally, the editor still has to remind that the virtual currency market has a very high volatility rate, and the attitudes of various governments to it are not very clear, and some countries still show an unsupportive attitude. You should be cautious.