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Crypto Wallet Blocto Partners With Yahoo Taiwan to Launch NFT Store

Key Insights:

  • Blocto has announced its partnership with Yahoo Taiwan to launch Yahoo’s NFT store. 

  • The companies will work towards NFT adoption and accessibility. 

  • The Yahoo Taiwan NFT store could roll out in March-end. 

Portto, the company behind Blocto, has announced its partnership with Yahoo Taiwan to launch its non-fungible token (NFT) store in late March. The NFT store debuts with the ‘A-Hoo’ collection – the official mascot of Yahoo Taiwan.

Yahoo Taiwan’s NFT Store

Yahoo Taiwan’s NFT store will be made in collaboration with Blocto, the NFT and crypto wallet.

Information shared by Blocto highlights that all NFT creators in Yahoo Taiwan NFT Store would be officially curated and approved by Yahoo Taiwan. The same could pave the way for a trustworthy trading experience and a better quality guarantee.

The NFT store’s main focus would include a fiat payment gateway where credit card payment will be available, along with more fiat payment methods planned in the near future.

The platform would also lay stress on affordable pricing, providing users access to premium NFT products. Furthermore, the marketplace also aims to focus on user-empowering NFTs.

Hsuan Lee, CEO at Portto said,

“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.”

Thus, this new collaboration seeks to make 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 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 Yahoo Taiwan NFT store will debut with its first NFT collection featuring its official mascot – ‘A-Hoo.’ A-Hoo widely appears on Yahoo Taiwan’s stickers, branded products, and delivery crates. The ‘A-Hoo’ collection would be available to trade on Blocto’s NFT marketplace BloctoBay.

NFTs Still Stealing the Show

Data from market tracker DappRadar shows that sales of NFTs reached close to $25 billion in 2021 as the crypto-asset exploded in popularity.

Yahoo Taiwan’s NFT launch announcement comes only a few days after Coinbase, a US-based crypto exchange, announced plans to launch an NFT marketplace. That said, FXEmpire reported just yesterday that Meta (FB) co-founder Mark Zuckerberg said they are working to bring NFTs to Instagram in ‘the near term.’

The boom of NFTs in the crypto space has been constant despite the recent consolidation of the cryptocurrency markets as top assets like BTC and ETH continued their rangebound movement.

Furthermore, with finance giants like HSBC entering the Metaverse, as reported by FXEmpire, it seems like the NFT and Metaverse space is bound to gain popularity in the near term. HSBC is set to buy a plot of land at The Sandbox metaverse.

This article was originally posted on FX Empire