Shopify is one of the most popular e-commerce platforms on the internet. Their users can already sell physical goods with their stores, but now they can also sell non-fungible tokens (NFTs) like those created by Tezos without setting up any additional infrastructure.
Shopify is a Canadian e-commerce platform, and Mintable is a marketplace for NFTs. So what are NFTs? Non-fungible tokens, or NFTs, are used to track ownership of specific items on the blockchain. They can be used in games like CryptoKitties or as collectibles—for instance, an autographed photo of your favorite celebrity might be represented by an NFT.
Shopify merchants will now be able to sell Tezos NFTs with their existing stores.
In the case of Shopify, Shopify users will be able to sell NFTs in their existing stores.
Shopify Delivers Good News To Its Users
The Tezos blockchain is one of the more popular platforms for creating non-fungible tokens, which can be used to build a decentralized application (dApp) or store digital assets. The platform was invented in 2014 by Arthur Breitman and Kathleen Breitman, but wasn’t launched until two years later due to delays in development.
It uses a delegated proof-of-stake (DPoS) consensus algorithm, which distributes block rewards among delegates who help maintain the network. Delegates are chosen by token holders through an election system called “Proof of Stake Voting” (PoSV). In addition to dApps and smart contracts, Tezos also supports multi-signature accounts and time locking feature on its native XTZ cryptocurrency token; both of these features can be used to build new types of financial applications on top of this decentralized ledger technology (DLT).
As more businesses start to adopt this new technology, we can expect to see a lot more NFTs popping up all over the place. There are already plenty of platforms that offer these tokens for sale, but Shopify is one of the biggest names on the market right now and they have just opened up their platform even further with this new partnership.