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Shopify NFT
Token Gated Commerce Feature at a Glance
The new Shopify NFT feature “Token Gated Commerce” allows your customers to connect their crypto wallets to Shopify and benefit from exclusive advantages on your store as token holders. You can find out which ones in this Shopify tutorial.
Shopify NFT - This is what it's all about
We continue in this episode with the introduction of the new Shopify features. If you missed our previous videos on Linkpop, Dovetale, Shop Cash, and Shopify Audiences, here’s our Shopify Playlist linked again.
If you haven’t had anything to do with NFTs and don’t know what they are, this episode will probably be a bit complex for you. So check out our Instagram NFT blog in advance to understand what NFTs are.
Because these also play a role in tokenized commerce. What this is, what the innovation is for Shopify and what are your advantages as an online merchant, you will now learn.
What is a crypto wallet
The new feature first allows your customers to connect their crypto wallets to your store.
Crypto wallets are simply the digital repository for your cryptocurrencies, which your customers can then use to make payments.This can be Bitcoins, Ethereum or other cryptos combined in a digital wallet. This, on the other hand, gives the customer or client the ability to unlock personalized benefits for NFTs.
Shopify NFT - The advantages of token gated commerce
This can be merchandise, early access to new collections, or even real life events.
In any case, the feature strengthens both your Comminity Building and your Brand.
But now the question arises, what do you need for it?
In addition to your Shopify store, one of the following token-gating apps found in the Shopify App Store is required. The app of the same name from PERCS allows you, for example. restrict access to certain products, but also to connect its Ethereum wallet. Because that’s what Tokengated Commerce is all about. Shopify itself defines it as follows:
What is Token Gated Commerce?
“Tokengated commerce is when access to part of an online store, such as certain products, discounts, or collections, is restricted to customers who own a particular NFT. With the help of Shopify’s tokengating app partners, you can select specific NFTs and smart contracts and choose what content they allow access to. If a customer owns one of these NFTs in their crypto wallet, then the app partner grants them access to the restricted content.”
That is why you need to link your wallet
Now you also understand why the Wallet needs to be connected, as the NFT is located in there, which allows access to certain products. It also allows you to enter into unprecedented collaborations to benefit from each other’s community.
Custom Shopify NFTs
However, before an NFT can be used, it must be created. For this purpose there are the so-called NFT Minting Apps like Dropmint, GigLabs or BCWare.
This means you can create custom NFTs for blockchains like Ethereum, Polygon, Solana, and Flow with it, then list and sell them directly in Shopify.
Shopify agency eBakery
If you have any questions or would like advice on Shopify or the use of NFT, we as a Shopify agency will be happy to help. Make an appointment directly here.
Do you have questions or need an individual offer? Do not hesitate to contact us.
Haben Sie Fragen oder brauchen ein individuelles Angebot? Zögern Sie nicht, uns zu kontaktieren.
