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NFT News

Salesforce Forays into NFT Space with NFT Cloud Platform

Salesforce stated that NFT Cloud service will only be available to a select few clients before its official launch in October.

Written By Vismaya V Vismaya V
Published June 9, 2022 1:03 PM·Updated 3 months ago
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Salesforce Forays into NFT Space with NFT Cloud Platform

The popular cloud software platform Salesforce announces the launch of NFT Cloud marketplace to make NFT selling more accessible.

We've waited a long time to say this…

gm!

That's right. NFT Cloud has entered the chat.

Behold our trusted and sustainable Web3 innovation to mint, manage, and sell NFTs: https://t.co/c4sO9JlMuu #CNX22 pic.twitter.com/R9qP6UVY0B

— Salesforce (@salesforce) June 8, 2022

According to the announcement, Salesforce NFT Cloud is now a limited-access pilot product, but it will be made available to all clients in October.

NFT Cloud is marketed as a simple entry point into the world of NFTs and the nascent metaverse, allowing firms to leverage Salesforce’s cloud-based tools to produce and sell NFTs, community engagement, and much more.

As per Adam Caplan, senior vice president of emerging technology, NFT Cloud is meant for consumer brands who want to sell NFTs for providing exclusive perks, such as access to a private event.

Caplan added “It’s really about utility. And what we mean by utility is as an NFT holder, I receive certain benefits. It could be something in a digital world, or it could be something in the physical world.”

In the NFT marketplace customers are looking for engagement from NFT buyers rather than appreciating the actual art, says Caplan. “The art should look great. But that’s not really the point,” he notes.

Salesforce expects that NFT Cloud will address issues that plague platforms like phishing attacks and insider trading. 

Salesforce customers can list their NFTs on their own websites, with Salesforce managing back-end security, smart contract development, and authentication.

To allay staff fears that the new marketplace would go against Salesforce’s sustainability goals, Caplan stated that clients will utilize more ecologically friendly blockchains and purchase carbon offsets.

Currently retail, media, fashion and consumer goods, etc, are all expressing interest in NFT Cloud, according to Salesforce.

Also Read: KAWS, Pharrell & Nina Chanel Abney Launches NFT Platform Goda

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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