Venly Shopify NFT is the merchant application developed by Shopify to ensure its merchants and customers a seamless NFT experience on the Avalanche blockchain. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Shopify integrates NFTs from the Avalanche network
📍E-commerce giant Shopify has integrated support for Avalanche-based NFTs through Venly Shopify NFT. Shopify has launched a merchant app that allows its millions of merchants around the world to integrate NFTs from the Avalanche blockchain network into their stores.
The app is called Venly Shopify NFT and can be used by merchants on the e-commerce platform to easily design, mint and sell NFTs in their stores, Shopify said. Avalanche developers they explained that NFTs can be minted easily and with just a few clicks through this application, facilitating a seamless experience for both merchants and store customers.
Avalanche is an eco-friendly blockchain that secures transactions almost instantly and at low cost.
The Metaverse will be part of the future, according to Microsoft
📍Microsoft Chief Strategy Officer Henry Bzeih highlighted the importance of the Metaverse in designing customer experiences. During his participation at Consumer Technology Association (CES) 2023, the Microsoft executive detailed the areas the company is focusing on to transform customer experiences with the Metaverse.
Bzeih explained that Microsoft is mainly working on ways to transform customers' shopping experience through digital platforms. In the future, instead of physically traveling to a dealership, customers will be able to access the Metaverse to explore available cars, set their preferences and proceed with the reservation and purchase. The Metaverse is a natural progression, Bzeih indicated.
Metaverse Tokens Coming to CME Group
📍The derivatives market has integrated three Metaverse tokens into its indices: AXS, CHZ and MANA. The tokens of metaverse platforms Axie Infinity, Chiliz and Decentraland, AXS, CHZ and MANA, respectively, have been Foundation for Research and Management in Health Services of Ecuador to real-time indices from provider CF Benchmarks.
CME Group has partnered with CF Benchmarks to expand its suite of regulated and non-traded cryptocurrency benchmark rates and real-time indices to include three new Metaverse tokens, noted Giovanni Vicioso, global head of derivatives market products.
The Bank of England's digital pound
📍The Bank of England will shortlist companies that could develop its digital pound wallet project. Today, the Bank of England will choose five companies from 28 requests for proposals received by the end of 2022 to develop a wallet for its CBDC digital currency.
Late last year, the bank opened applications for digital wallet service providers interested in developing a wallet for the digital pound. According to Ledger Insights, the Bank of England received a total of 28 proposals, of which 9 proposals came from SMEs and 11 from large companies.
Continue reading: Arcane Research: Digital Currency Group could materialize a new crisis in the crypto market
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