Portto, the company behind Blocto, announced its partnership with Yahoo Taiwan to launch its non-fungible token store (NFT) in late March. The NFT store debuts with the 'A-Hoo' collection - the official mascot of Yahoo Taiwan.
The Yahoo Taiwan NFT store
Yahoo Taiwan's NFT store will be built in partnership with Blocto, the NFT and crypto wallet.
Information shared by Blocto highlights that all NFT creators in the Yahoo Taiwan NFT Store will be officially curated and approved by Yahoo Taiwan. The same could pave the way for a reliable trading experience and better quality assurance.
The main focus of the NFT store will include a fiat payment gateway where credit card payment will be available, along with other fiat payment methods planned in the near future.
The platform will also place an emphasis on affordable pricing, providing users with access to premium NFT products. Furthermore, the market also aims to focus on NFTs that empower users.
Hsuan Lee, Portto CEO said:
“With our (Portto's) expertise in blockchain technology, Blocto is building this platform with Yahoo Taiwan so that anyone can own and collect NFTs as 'A-Hoo' as easy as shopping on any e-Commerce platform. "
Thus, this new collaboration seeks to make the NFT buying and selling process as easy as online shopping, thereby increasing adoption. About the same, Chen-Te Lin, VP of Taiwan E-Commerce and Regional Products, Yahoo, said:
"By partnering with Crypto wallet Blocto and leveraging Yahoo Taiwan's media and e-commerce benefits to launch" Yahoo Taiwan NFT Store ", Yahoo Taiwan is making NFTs accessible to all and creating a channel where local creators can expand their business. their NFT adventure ".
The Yahoo Taiwan NFT store will debut its first NFT collection with its official mascot, “A-Hoo”. A-Hoo appears extensively on Yahoo Taiwan stickers, branded products, and delivery checkouts. The 'A-Hoo' collection will be available for trade on the Blocto - BloctoBay NFT market.
NFTs continue to steal the show
Data from market tracker DappRadar shows NFT sales reached nearly $ 25 billion in 2021, as the crypto asset has exploded in popularity.
The announcement of Yahoo Taiwan's NFT launch comes just days after Coinbase, a US-based cryptocurrency exchange, announced plans to launch an NFT market. That said, FXEmpire just reported yesterday that the co-founder of Meta (Facebook shares - FB) Mark Zuckerberg said they are working to bring NFTs to Instagram in the "next term".
The NFT boom in the cryptocurrency space has been steady despite the recent consolidation of the cryptocurrency markets, while flagship assets such as BTC and ETH have continued their rangebound movement.
Also, with financial giants like HSBC joining the Metaverse, as reported by FXEmpire, it looks like the NFT and Metaverse space is set to gain popularity in the next term. HSBC plans to purchase land in The Sandbox metaverse.