Connect with us

Hi, what are you looking for?

Business

CRM giant Salesforce pushes into crypto with the launch of its NFT cloud

Data, communities, and wallets will be linked via the Platform, and users will be able to deploy from a secure, sustainable platform.

Salesforce Inc., the leading vendor of customer relationship management software, announced Tuesday that it is now offering a cloud-based service for creating and selling NFTs, despite sales of the digital assets plummeting.

According to Adam Caplan, who oversees emerging technologies at Salesforce, the new service will be tailored to consumer brands that want to sell NFTs of their products for special access, such as admission to an event, rather than for art or trading value. “The art should look great. But that’s not really the point.”

The company insists that it is a move towards the future, one that came from the curiosity of customers.

Salesforce is seeing interest from CMOs and CDOs who are asking for help entering web3, and we are enthusiastic about bringing new innovations, products and offerings to our customers in a way that allows them to build and maintain meaningful relationships with their customers.

Adam Caplan, SVP of Emerging Technology at Salesforce, told TechCrunch.

Adam Caplan believes the idea is a way to market to customers a service that they might find valuable.

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.

Adam Caplan, SVP of Emerging Technology at Salesforce

According to the website of the company, the list of blockchains and wallets NFT Cloud will support in the future is not yet available. In a nutshell, it only says that the platform will tie together data, communities, and wallets and allow users to deploy from a secure, sustainable platform.

SalesForce has long been interested in blockchain technology, a trend that began when the company announced it was working on a blockchain project in 2018. As part of its recent investment round, Salesforce Venture, Salesforce’s investing arm, tagged Samsung Venture in the funding round, investing a total of $35 million into a blockchain company called Digital Asset Holdings.

There are some who have questioned whether it is ethical and ecologically responsible to sell these assets, including 400 employees in February who sent a protest letter to co-CEOs Marc Benioff and Bret Taylor. Caplan insisted, however, that they were doing so in a way which was consistent with Salesforce’s values.

author avatar
Contributor
We welcome Aspiring writers who are passionate about crypto and involved in it to join the Unbiased and Upright 4C Media Co. with a goal to spread knowledge and be a reliable source of crypto news updates.
Advertisement

You May Also Like

Cryptocurrency

Ripple's CTO, David Schwartz, has warned against early FOMO (Fear of Missing Out) ahead of the RLUSD stablecoin debut, forecasting short-term price volatility due...

Cryptocurrency

Ripple will debut its new dollar-backed stablecoin, RLUSD, on December 17, with initial listings on major platforms including Uphold, MoonPay, and CoinMENA. The stablecoin...

Finance

Lido Finance has discontinued its staking services on the Polygon network, citing limited user acceptance and shifting market circumstances. Users may withdraw their staked...

Business

Chrystia Freeland resigned as Canada's finance minister due to differences with Prime Minister Justin Trudeau and economic challenges from US tariffs. Her resignation raises...

polkadot
Polkadot (DOT) $ 6.76 3.26%
bitcoin
Bitcoin (BTC) $ 94,477.31 3.00%
ethereum
Ethereum (ETH) $ 3,260.29 3.00%
cardano
Cardano (ADA) $ 0.87368 3.55%
xrp
XRP (XRP) $ 2.18 3.34%
stellar
Stellar (XLM) $ 0.35167 1.23%
litecoin
Litecoin (LTC) $ 98.80 2.54%