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How to Adapt Your Ecommerce Business to Increase Sales in 2021

Retail TouchPoints

It’s estimated that these figures will continue to rise gradually in 2021, due to the ongoing prevention methods put in place internationally along with the changes in consumer spending habits. Growing Trends in 2021. Increased popularity and use of cryptocurrencies : Bitcoin continues to be a player in the shadows.

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Why 2022 Will Be a Big Coming Out Party for NFTs

Retail TouchPoints

Mike Winkelmann’s digital art project EVERYDAYs sold for a record-setting $69 million in March 2021. Indeed, 2021 brought a flurry of NFT drops by artists, followed by collections from sports teams along with generative collections like Bored Ape Yacht Club and more. Now we are moving into a new phase: NFT Utility.

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As Gen Z Gains Spending Power, Luxury Brands Go Big with Digital  

Retail TouchPoints

As younger consumers gain greater spending power, once notoriously inaccessible brands are now expanding from exclusive boutiques into virtual worlds and experiences. billion , which is a 28% increase compared to the same period in 2021. During its July 26, 2022 earnings release, LVMH reported revenue of approximately $37.3

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eCommerce and Cryptocurrency: Helping SMBs Navigate a Changing Payment Landscape

Korona

between 2021 and 2030. The use of cryptocurrencies for online shopping has shown parallel expansion. What Is Cryptocurrency? What Are The Top Cryptocurrencies To Know ? How to Pick a Cryptocurrency eCommerce Gateway. What Is Cryptocurrency? Cryptocurrency is a digital asset. Table of Contents.

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The Environmental Impact of NFTs

Ecommerce Platforms

But whether thought of as financial savior or ecological disaster, there’s no doubting that many still consider NFTs to be the cutting edge and possibly the future when it comes to digital art. NFTs were created as a way for artists to ensure that their digital art cannot be counterfeited. What is an NFT?

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Moving into the Metaverse: Growing Swath of Brands Test Out Virtual Experiences

Retail TouchPoints

Editor’s Note: Be sure to check out Part 1 of this series focusing on evolving consumer perceptions of the metaverse. If the first quarter of this year was consumed with existential questioning — What exactly is the metaverse? Do we need to be a part of it? — Tommy Hilfiger.

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How to Sell NFTs on Shopify – The Complete Guide

Ecommerce Platforms

There are various use cases for cryptocurrencies and the technology that powers it, the blockchain. Until recently, NFTs could be purchased on specialized yet obscure NFT marketplace spaces that mostly sold them through cryptocurrency. You can also add alternative payment methods such as cryptocurrencies to your Shopify store.