Integrated with Shopify & tokenising off-chain products on the blockchain

Introduction

Welcome to the world of decentralized e-commerce with Splyt (SHOPX), a new coin making waves in the crypto space. In this article, we will explore how Splyt focuses on e-commerce non-fungible tokens (eNFTs) and its integration with Shopify, paving the way for a decentralized e-commerce supply chain.

Overview of Splyt

Splyt is a layer 2 infrastructure designed to decentralize the e-commerce supply chain. The project aims to allow products sold online to be recorded on the blockchain, ensuring authenticity and product tracking throughout their lifecycle. By using eNFTs, each product becomes unique and traceable, alleviating issues related to sales misrepresentation.

Availability and Market Data

Splyt is currently available on several platforms, including Uniswap and Bilaxy, making it widely accessible to traders. Following its Initial DEX Offering (IDO), Splyt saw astonishing growth—an 85x increase in value. The total supply of Splyt is set at 500 million tokens, with a circulating supply of about 5.74%, placing its market cap at just over $ 100 million. Although this figure may seem high, the growth potential and robust use case set Splyt apart in the crowded cryptocurrency market.

How Splyt Works

At its core, Splyt aims to streamline the integration of blockchain technology into e-commerce. By allowing products to be minted into eNFTs, the details related to each product—from inventory to purchase history—are recorded on a tamper-proof ledger. This means that sellers can ensure their products are accurately represented, and buyers can verify the authenticity of the items they purchase.

Integration with Shopify

One of the key aspects of Splyt is its seamless integration with existing platforms like Shopify, rather than seeking to replace them. This allows businesses to upload their products directly to the blockchain via Splyt's infrastructure, making their inventories accessible across various marketplaces and affiliate networks. For instance, once a product is uploaded, it becomes immediately available for sale within the Shopify network, creating a vast, interoperable marketplace.

Splyt’s user-friendly interface ensures that even those new to blockchain can easily upload products and engage with the broader network. The platform manages token purchases automatically on behalf of users, thus simplifying the interaction process.

Roadmap and Future Prospects

Looking ahead, Splyt has plans for extensive growth, including onboarding major platforms like Amazon and expanding its affiliations with a range of e-commerce brands. They have set clear milestones for the next couple of quarters, focusing on enhancing their features and user experience.

The team behind Splyt is characterized by a solid background, with experienced professionals committed to the project's mission. Interestingly, Splyt operates as a non-profit organization, aiming to optimize users' engagement without the pressures of profit maximization.

Conclusion

In summary, Splyt (SHOPX) is more than just a cryptocurrency; it represents a significant leap forward in integrating blockchain technology into e-commerce. By focusing on authenticity, transparency, and real-world applications, Splyt stands at the forefront of potential disruption in the industry. As cryptocurrency adoption continues to rise, Splyt's unique approach positions it for meaningful growth and success.

Keywords

Splyt
eNFT
NFT
decentralized e-commerce
Shopify integration
tokenization
blockchain
marketplace

FAQ

What is Splyt?
Splyt is a layer 2 infrastructure for decentralizing the e-commerce supply chain through the use of e-commerce non-fungible tokens (eNFTs).

How does Splyt work with Shopify?
Splyt integrates with Shopify, allowing sellers to mint their products onto the blockchain, streamlining inventory management and sales across various marketplaces.

What are eNFTs?
eNFTs, or e-commerce non-fungible tokens, are unique digital assets that represent individual products on the blockchain, helping to ensure authenticity and track purchase history.

What is the current market cap of Splyt?
As of the most recent data, Splyt's market cap is just over $ 100 million, reflecting its substantial growth since its Initial DEX Offering (IDO).

Is Splyt a profit-driven organization?
No, Splyt operates as a non-profit organization, focusing on enhancing user engagement and optimizing e-commerce processes rather than maximizing profits.