Friday, June 9, 2023
HomeImmutableXSalesforce NFT cloud service lets brands create and sell NFTs

Salesforce NFT cloud service lets brands create and sell NFTs

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Salesforce, a global leader in cloud computing technology, has decided to enter the NFT sector. The NFT Cloud, a new platform created by industry leaders in customer relationship management software, is unveiled today. Companies and brands can use it to create and sell NFT assets.

The NFT cloud, which claims to be easy to get started with non-fungible tokens, has received a lot of attention due to its ease of use (NFT). Salesforce’s cloud-based solution enables companies to develop and sell NFTs, connect to the online community, and collect data about their products. Salesforce is the engine that drives all these features.

Non-fungible tokens, a type of blockchain token, may be used to prove ownership of digital or physical assets. You can buy any number of items using non-fungible tokens, from digital artwork to profile pictures, sports souvenirs, and video games. On the other hand, they may be used in programs that reward consumer loyalty and provide admission to exclusive online communities and face-to-face events.

According to Adam Caplan, Senior Vice President of New Technology at Salesforce, sales reps tend to offer useless artifacts rather than using non-fungible tokens for access and engagement.

Salesforce NFT Cloud is currently being tested by a small beta client group, but will be accessible to much more users from October. It is not yet known which blockchain platform will be used to create the NFT, but the program does not support blockchains that require a significant amount of energy to confirm transactions. Some of the company’s workers expressed concern about the potential impact of the idea on the surrounding environment when it was first discussed.

At this time, Ethereum cannot be used to trade irreplaceable token collections. Ethereum is currently transitioning from a proof of work paradigm to a more power efficient proof of stake paradigm.

Non-fungible token (NFT) technology has not been confirmed by Salesforce, and the company has not disclosed whether it plans to join Ethereum’s main network. Scaling solutions like Polygon and Immutable X are examples of ways to reduce the environmental impact of Ethereum.

According to Dapp Radar estimates, a total of $ 25 billion in NFT trading volume was recorded in 2021. The value of the cryptocurrency market is steadily declining, making it difficult to estimate trade activity after 2022. Therefore, the intrinsic sales volume of NFT Trading is moving in the direction of exceeding the previous year’s volume with trading of $ 16 billion in April alone.

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