On-chain activity and smart contract transactions increased significantly on the Tezos proof-of-stake blockchain thanks to the rising popularity of non-fungible tokens. From less than 10,000 transactions daily in January 2021 to 50,000 transactions daily in the first quarter of 2022, the number of NFT transactions on the network rose by more than 5000 percent.
Using Taco’s NFT loyalty program, Tezos nonfungible tokens (NFTs) can now be used on Shopify, thereby making Taco one of the largest Web3 platforms for merchants. Shopify has established itself as a popular Web3 platform for brands looking for engagement.
Using Taco app plugins, e-commerce platforms such as Shopify can offer Taco app services to their merchants, namely increased engagement with customers.
Loyalty programs using the NFT system can increase customer engagement and retention, while also strengthening brand connections. With the latest integration of Tezos NFTs, the blockchain may offer customers with special discounts, offers, and experiences in return for their dedication.
The latest integration of Tezos into the Taco app allows Shopify merchants everywhere to connect to a growing Tezos NFT community through the app.
In June, Shopify introduced Tokengate, a new reward system under its connect-to-consumer programme. Token gate allowed certain merchant partners to offer exclusive goods for NFT holders. The e-commerce giant was one of the first to integrate Bitcoin and Lightning payments on its platform.
Man United has chosen Tezos as its Web3 and training kit partner, according to a news release
Tezos’ energy- efficient architecture, combined with low transaction fees and NFT minting, has attracted artists, collectors, and builders from around the world to the platform. Tezos is the preferred platform for NFT integration, for example, in 2021, Ubisoft will integrate NFTs as gaming rewards on Tezos.
The number of transactions on Tezos’ blockchain increased by 300 percent between January and March of this year thanks to the growing number of non-fungible tokens (NFTs). On average, 50,000 transactions were processed daily in the first quarter of 2022, up from less than 10,000 daily in January of the same year.
