Yahoo Taiwan to launch an NFT store

Key Takeaways:

  • Blocto and Yahoo Taiwan have established a cooperation to launch Yahoo’s NFT shop.
  • The businesses will work together to promote NFT adoption and accessibility.
  • The Yahoo Taiwan NFT shop could launch by the end of March.

Blocto’s creators, Portto, have announced a collaboration with Yahoo Taiwan to build a non-fungible token (NFT) store in late March. The ‘A-Hoo’ collection — Yahoo Taiwan’s official mascot – makes its debut at the NFT shop.

NFT Store of Yahoo Taiwan

Yahoo Taiwan will launch an NFT store in conjunction with Blocto, a cryptocurrency and NFT wallet.

According to information supplied by Blocto, all NFT creators in the Yahoo Taiwan NFT Store will be curated and approved by Yahoo Taiwan. The same could pave the way for a safe and secure trading environment.

The major focus of the NFT shop would be a fiat payment gateway with credit card payment, as well as more fiat payment options anticipated in the near future.

The platform would also emphasize low prices, giving people access to high-end NFT items. Furthermore, the marketplace aspires to focus on NFTs that empower users.

According to Hsuan Lee, CEO of Portto,

“With our (Portto’s) expertise in blockchain technology, Blocto is creating this platform with Yahoo Taiwan so anyone can own and collect NFTs like ‘A-Hoo’ as easy as shopping on any e-Commerce platform.”

As a result, this new partnership aims to make purchasing and selling NFTs as simple as online shopping, hence expanding adoption. According to Chen-Te Lin, Yahoo’s VP of Taiwan E-Commerce and Regional Products,

“By collaborating with Crypto wallet Blocto and leveraging Yahoo Taiwan’s advantages in media and e-commerce to launch ‘Yahoo Taiwan NFT Store,’ Yahoo Taiwan is making NFTs accessible to all and creating a channel where local creators can expand their venture into NFTs.”

The official mascot of Yahoo Taiwan, ‘A-Hoo,’ will be included in the store’s first NFT collection. Yahoo Taiwan’s stickers, branded items, and shipping crates all feature A-Hoo. BloctoBay, Blocto’s NFT marketplace, would be able to exchange the ‘A-Hoo’ collection.

The NFTs continue to steal the show.

NFT sales topped $25 billion in 2021, according to market tracker DappRadar, as the crypto-asset soared in popularity.

Yahoo The announcement of Taiwan’s NFT launch comes only days after Coinbase, a US-based cryptocurrency exchange, announced plans to build an NFT marketplace. However, FXEmpire just revealed that Mark Zuckerberg, co-founder of Meta (FB), claimed they are aiming to integrate NFTs to Instagram in the “near term.”

Despite the recent consolidation of the cryptocurrency markets, the growth of NFTs in the crypto sector has been consistent, as top assets like BTC and ETH have remained rangebound.

Furthermore, with financial behemoths like HSBC joining the Metaverse, as reported by FXEmpire, the NFT and Metaverse space appears to be gaining traction in the near future. The HSBC Group is planning to purchase a block of land in The Sandbox metaverse.

Shambhavi Soni
Shambhavi Soni

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