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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. Here’s how and why exactly.

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

Retail TouchPoints

Tommy Hilfiger is following up its first foray into Roblox in December 2021 — which took the form of a collection of co-created avatar fashions — with the debut of a new game called Tommy Play. Tommy Hilfiger. The retailer has followed up its announcement of an upcoming NFT marketplace with the launch of its own digital asset wallet.

Games 334
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The Growth of Digitally Exclusive NFTs is Creating Real-World Opportunities for Retailers

Retail TouchPoints

The current use cases of NFTs are already varied — digital twins of physical products, facilitating services like resale or authentication , sharing provenance details of a product, creating digital souvenir s for real-world experiences or programs and unique digital collectibles or art. It is essentially clip art of a rock.

Retail 218
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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.

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What Gives NFT Value?

Ecommerce Platforms

When you think of fungible assets, you can refer to cryptocurrency such as Bitcoin, which can be replaced by another unit of its kind. Online content such as social media posts and opinion articles. They also extend to digital content such as social media posts that usually come without a price tag.

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5 Ways NFTs are Creating a New ‘Metaverse’ for Digital Engagement & Commerce

Retail TouchPoints

Although NFTs, or non-fungible tokens, have garnered a lot of buzz in cryptocurrency circles, executives in potentially impacted industries — namely retail and digital media — have questioned their staying power. NFTs can be used to buy and sell visual art, music, products and collectibles. Digital Products & Art.

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