New Tezos partnership with Taco gives Shopify users access to Tezos NFTs
Tezo’s NFTs are among the trending collectibles recently. The popularity of the Tezos BFT ecosystem has grown due to low mining costs and energy efficiency.
The NFT area is getting more attention over the years. Many companies have dived into the sector as businesses and individuals develop a growing interest in NFT collectibles. While serving different purposes, tokenized items have become a popular means of creating awareness and even advertising in various dimensions.
Recently, the Tezos blockchain sealed its partnership deal with Taco, a Web 3 automation platform. The partnership gives Shopify customers access to XTZ NFTs. The process is enabled through Taco’s NFT loyalty program.
Over the years, the e-commerce giant has positioned itself as the growth point for companies interested in Web 3 engagements.
Tezo’s NFT integration gives Spotify’s users great benefits
The benefits of NFT loyalty programs are quite huge. It helps brands strengthen their customer relationship by increasing customer engagement and retention.
In turn, the Taco app enables brands to integrate Web 3 solutions such as NFTs. The goal is to increase user engagement. This is a suitable opportunity for Shopify as an e-commerce platform to use Taco app plugins to offer its services to merchants.
Through the integration of XTZ into the Taco app, Shopify sellers now have a new way to interact with users. They could seamlessly connect to the growing Tezos NFT community for more information from other participants.
The integration will also make it easier for the Tezos blockchain to use NFTs to incentivize loyal customers. Users will receive special experiences, offers and discounts.
Spotify has shown its interest in using digital assets for payment. It was among the first to integrate Bitcoin and Lightning payments on its platform.
Recall that in June it unveiled a new rewards system known as Tokengate via its consumer connectivity initiative. Through the system, some trading partners could roll out exclusive items for NFT stakeholders.
Increasing performance for the Tezo ecosystem
Tezos has recorded great achievements in its ecosystem. The Proof-of-Stake (PoS) blockchain witnessed a remarkable increase in on-chain activity and smart contract transactions. Most of the increased performance is linked to the increase in the NFT market.
According to the report for the first quarter of 2022, the platform had an average of 50,000 transactions per day. The record was a shift from January 2021, when it had less than 10,000 transactions per day.
As a PoS, Tezos also offers highly energy efficient processes. It created an advantage for its low-cost NFT mining and reduced transaction fees. Therefore, the blockchain has attracted a number of NFT communities of builders, artists and collectors worldwide.
Tezo’s high energy efficiency has also marked the network as a reliable destination for NFT integration. This explains gaming giant Ubisoft’s integration of Tezo’s NFTs for its gaming rewards in 2021.
Featured Image From Pixabay, Charts From Tradingview
