NFTs are Non-Fungible Tokens and they’re the hottest thing in Blockchain and Cryptocurrency today.
NFTs, which can be bought or sold on a platform like OpenSea, are essentially digital representations of anything from a virtual sword to a piece of land – but unlike ordinary cryptocurrencies such as Bitcoin or Ethereum, each NFT is unique because it’s tied to its own blockchain record. This means that when you buy an NFT, it cannot be replicated by anyone else. This article will teach you everything you need to know about how to set up your Shopify store for selling these tokens so that you can get in on the ground floor of this new market.
What are NFTs and why should I sell them on my Shopify store?
NFTs are a new asset class which isn’t possible with traditional blockchain or cryptocurrencies. Unique by design, NFTs can represent a variety of tokens which cannot be fungible with other tokens. They’re the hottest thing in blockchain and cryptocurrency today.
There are a few types of NFTs that you could sell on your Shopify store, including CryptoKitties, Rare Pepes, and Etheremon monsters. You’ll need to create a separate store from your main Shopify store to sell these types of NFTs because they’re not fungible with other types of NFTs.
How to find an app that fits your needs?
There are many different apps that allow you to create a separate store to sell NFTs. You need to choose one that suits your needs best.
One of the most popular options is called Rarebits, who offers a great, user-friendly experience for both sellers and buyers. It’s also relatively easy on the wallet with only $5/month available for selling NFTs, which can be cancelled at any time. The portal allows you to set up your own storefront with customization options like fonts, colors, and backgrounds. You can also upload media like images or animated GIFs into the store’s banner image. Other key features include transaction tracking, searchable categories, and order management.
Another popular option is RarePepeWallet, who offers a nice variety of features to help you sell NFTs on your Shopify store. To list an item for sale, it takes less than 10 seconds, which makes this platform particularly useful for micro-sellers who need something quick and easy. The platform also includes Coinbase Commerce integration to handle payments on your website, making it more likely that you’ll get customers who want to buy NFTs on Shopify.
Another option is Rare Digital Art, which offers a number of different features like instant account verification and live support chat with one of their team members. They also offer instant pricing estimates for their NFTs given an image or description, which can help you price your own NFTs more accurately.
How to choose a Shopify store name?
You can add any Shopify domain to the seller app, so make sure you pick one that fits your business best. If your storefront sells only one type of NFT, you can just add a Shopify domain that matches your brand’s name. However, if you plan to sell multiple types of NFTs on a single store, you might want to use a domain name that doesn’t have too much competition so people will be more likely to find your storefront if they search for it.
For example, if you plan on selling multiple types of NFTs on the same store and you want to sell crypto-related art as well as Etheremon monsters on a single domain, CryptoKittyShopify might be a good choice because it’s short and easy for people to remember.
As an example, the CryptoKittyShopify domain is already ranked in the top 15,000 for Shopify stores and it’s ranked in the top 1,500 in e-commerce.
How to add NFTs to your Shopify Storefront?
Once you’ve set up an application that fits your needs and created a Shopify store from that app, you’ll need to add your NFTs to the storefront. You can add any unique NFT graphic on the Shopify store by uploading it through the app’s interface. In most cases, you’ll be able to list an item for sale in less than 10 seconds using this method.
How to get NFTs to sell on your Shopify Storefront?
There are a few different ways that you can generate NFTs that you’ll want to sell on the Shopify store.
You need two things: an account on CryptoKitties and some Ethereum, which is available through an online crypto exchange like Coinbase or a local crypto exchange in your country.
You need a wallet to store the Ethereum coins that you’re going to use for creating NFTs. You can use an online wallet like MyEtherWallet or a separate hardware wallet if you’d rather. If you’re trying to sell NFTs on Shopify, make sure that any wallet you choose can integrate with the Shopify app.
Using CryptoKitties, you can create new NFTs by breeding two parent kitties together which results in a unique kitten. The price of this breed is determined by how rare it is to find the parents, which are also considered NFTs on the CryptoKitties platform.
You can also generate NFTs with CryptoBox, which is a cryptocurrency that was created specifically to let users create their own Monero-based NFTs easily. To do this, you need the wallet address for your account on CryptoBox and some Ethereum or Bitcoin.