The Chicago Bulls partners with Shopify to start the NFT series using the e-commerce infrastructure previously shared with Sweet's NFT Marketplace.
The Chicago Bulls of the NBA started NFTs with six championship wins from the 1990s using Shopify's top eCommerce platform.
Shopify is a global company that provides shops and payment infrastructure based on the website. The NFT drop on Twitter was revealed earlier today by Shopify president, Harley Finklestein.
“You have seen a lot of NFTs when you spent 1 minute on Internet this year. @Shopify We facilitate the sale of NFTs by our merchants, with one of the first being the @ChicagoBulls NFT Shop.”
Shop integral NFT site in Sweet in May to enable its clients to immediately issue and sell non-fungible tokens using the popular e-commerce interface.
Sweet may handle NFTs produced under the ERC-721 standard, the SLP token standard of the single-lit protocol, and the blockchain of Dapper Labs.
The Chicago Bulls' NFTs were minted at Flow, which also houses the NBA Topshot highlight collectors, which are legally licensed.
The "Bulls Legacy Collection" will be published in six drops, and between 1991 and 1998 the squad will win six icons in each token. The first NFT started on 26 July and is already out of business, and today's second token is scheduled for a debut.
In the following four days, the other four NFTs are planned to be launched.
Despite the recent refreshment of the NFT sector, the first half of 2021 saw NFT sales exceeding $2.5 billion.
The $100 million Series B investment round, which was led by venture capital company Andreessen Horowitz, closed off on July 21, the popular NFT platform, OpenSea – signaling VC's investors will stay positive.
The first launch of Tyson Fury in a July 16 auction, when over $1 million was fetched at a single token, and more than 32,000 individuals signed up for the next NFT drop by modern artist Damien Hirst last week, still looks forward to getting their hands on coveted NFTs too