Novel can deploy smart contracts over the NFT collections and make them available to users for purchases on the Shopify storefront.
Major global e-commerce platform Shopify announced a partnership with Novel, a no-code Web3 commerce platform, to make Web3 technologies accessible and approachable for all merchants.
As part of the partnership, Novel launched an app on the Shopify App Store, which equips existing merchants on Shopify with tools to experience Web3 innovation in e-commerce without any technical knowledge or time and monetary commitments.
The Novel Shopify app delivers two primary features: minting and distribution, and utility. The minting and distribution feature allows users to generate art for a new nonfungible token (NFT) collection or upload an existing NFT collection. Novel can then deploy smart contracts over the collection and make them available to users for purchase on the Shopify storefront.
Once an NFT is purchased, Novel will automate the currency bridge and create a corresponding crypto wallet for the customers. On the utility side, Novel allows merchants, including brands and creators, to enable token-based utility on their Shopify storefronts, including token-gated products, URLs and discounts, cross-chain gating on Solana, Ethereum and Polygon, ERC-20 gating and more.
Sharing the details, Roger Beaman, CEO and co-founder of Novel, stated:
As an all-in-one Web3 tool on Shopify, the Novel app also powers token-gating for retailers to add use cases to their NFT collections.
Related: Shopify unveils tokengated commerce as part of new connect-to-consumer experience
Cointelegraph released a new feature allowing users to convert articles into NFTs. With this feature release, Cointelegraph created the first decentralized catalog of news wherein users can convert published articles into mintable NFTs via the Cointelegraph Historical collection.
Similar to collecting old newspapers for saving sentimental headlines, Cointelegraph allows readers to own and relive milestones in crypto, such as Bitcoin’s Taproot upgrade or El Salvador adopting BTC as legal tender.
