Venly announced the launch of the Venly Shopify NFT App on both Polygon and Avalanche chains, allowing existing Shopify Plus users to easily create, mint, and sell NFTs directly from their Shopify accounts. As Web3 begins to see more widespread adoption, mainstream users are faced with having to navigate technical interfaces and complex user journeys to open blockchain wallets, mint NFTs, and sell on NFT marketplaces. However, the Venly Shopify NFT App offers seamless NFT creation and distribution as well as automated blockchain wallet creation for customers, providing a turnkey solution for Web2 business to experience the promise of Web3.
While Ethereum remains the most popular choice for NFT minting and sales, fees to mint and transact remain high, with the average reaching nearly US $50 in November 2021. Polygon and Avalanche, however, are two well-known and widely used blockchains that offer fast, low cost, and high throughput alternatives for users.
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“As a wide variety of blockchains rather than one single chain begin to see a rise in popularity, the Venly Shopify NFT App provides users with the means to integrate their choice of blockchain technology into existing businesses” Tim Dierckxsens, Co-Founder and CEO of Venly said. “As a blockchain agnostic service provider, Venly will continue to develop a pipeline of additional apps and integrations to provide users with a full suite of tools. As Web3 gains recognition and credibility the world over, Venly is well-placed to make Web3 accessible to existing businesses regardless of their technical expertise.”
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Creating, minting, and selling NFTs with the Venly Shopify NFT App will follow an intuitive, user-friendly workflow, including seamless integration with the Shopify storefront and simplified NFT minting and distribution. Users of the Venly Shopify NFT App will be able to:
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Configure NFTs through a user-friendly interface
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Display products in Shopify store for purchase
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Use Shopify to track inventory and set a maximum supply on NFTs
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Track NFT minting and distribution status in the order section of Shopify
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Specify up to 10% royalties on secondary NFT sales via Venly market
Following successful purchase, NFTs will be minted following the industry NFT standard to ensure uniqueness and the app will allow creators to sell NFTs to consumers without existing blockchain wallets by offering automatic wallet creation and NFT delivery via email. This workflow will prevent consumers from having to navigate the previously complex process of opening up a blockchain wallet, allowing more generalist users to create and purchase NFTs.
Venly is a blockchain technology provider with over 2.8M end-users. It offers infrastructure solutions, ready-to-use products, and accelerator services for blockchain projects. The main developer tools are the Venly Wallet, Venly Market, Shopify app, and NFT APIs. UX is made with non-Web3 natives in mind which lowers the barrier for entry while the fiat to crypto onramp helps people frictionlessly interact with Web3.