What is Salesforce NFT Cloud And Powerful Use Cases For 2023
What is Salesforce NFT Cloud?
Salesforce NFT Cloud is a solution that allows businesses to launch and maintain NFT projects.
With NFT Cloud, businesses can easily capture and combine data from their NFT projects with other data sources – such as sales, marketing, and customer service data.
This way, businesses can get a more holistic view of their NFT projects and make better decisions about how to move forward.
Salesforce NFT Cloud provides businesses with tools and resources to help them launch and maintain successful NFT projects.
Overall, NFT Cloud is an incredibly valuable solution for businesses looking to get the most out of their NFT projects.
NFT Cloud Pilot Use Cases
NFTs can be used for several different purposes and so there are many different use cases for NFT cloud depending on the NFT project objectives.
One example in the public sector could be a fundraising initiative for Municipalities.
Launching this project with NFT Cloud can be used to generate NFTs which participants gain access to perks such as local event access.
In the Retail Industry, NFT Cloud can be used to facilitate the implementation and operation of establishing the brand’s community.
NFT holders would gain access to gated information, digital worlds, and be eligible for product discounts and exclusive product offerings.
The brand launching the NFT project would be able to mint, sell and manage the virtual collections using NFT Cloud.
NFT collection data gathered can be used to integrate with existing business functions to improve sales and marketing.
Sports and Entertainment would be able to leverage NFT Cloud for ticket sales.
By having tickets represented as NFTs, artists and organizations would be able to capture revenue from after-market sales.
NFT Cloud can facilitate the creation and management of NFT collections, while simultaneously collecting consumer data and collection performance.
Salesforce NFT Cloud Pilot Projects
In February 2021, the City of Miami made headlines when it became the first municipality to launch its own NFT art collection.
The project was a collaboration between the city and local artists, with the goal of raising funds for underprivileged communities across Miami.
NFT holders gained exclusive access to a variety of perks, including events and discounts at restaurants and businesses around the city.
The City of Miami’s NFT art collection was met with mixed reactions.
Some praised the city for its innovative use of blockchain technology, while others criticized the project for being exclusionary.
However, there’s no doubt that the city’s experiment with NFTs was a success in terms of raising awareness and funds for important causes.
And as the use of NFTs continues to grow in popularity, it’s likely that other municipalities will follow suit in using NFT Cloud to sustainably fund important projects.
Trust: Can NFT Cloud Deploy Audited Smart Contracts?
Audited smart contracts provide an extra level of trust and security which brings peace of mind to users.
Users will be able to deploy audited smart contracts (SC) to energy-efficient blockchain networks.
Deploying SCs is required for selling, minting, and managing NFT projects.
An audited smart contract is a smart contract that has been verified by a third party.
This third party checks the code of the smart contract to make sure that it is correct and will work as intended.
They also check that the terms of the contract are fair and reasonable.
NFT Cloud And Sustainability
Salesforce is a cloud-based customer relationship management (CRM) platform that helps businesses manage their customer data.
In recent years, Salesforce has been increasingly focused on sustainability, setting a goal to be carbon-neutral by 2040.
To achieve this goal, Salesforce has been investing in renewable energy, improving energy efficiency, and offsetting its emissions.
These efforts have already begun to pay off, with the company reducing its emissions by 37% between 2016 and 2019.
To ensure NFT cloud aligns with Salesforce’s sustainability values, NFT cloud will only be compatible with distributed ledgers with lower energy consumption.
This means using DLs which use proof of stake, gossip, or other energy-efficient protocols.
As the world becomes increasingly focused on sustainability, Salesforce is leading the way in demonstrating that businesses can operate in a sustainable manner.
NFT Cloud And The Salesforce Ecosystem
The integration of NFT Cloud with Salesforce applications and data will enable businesses to use customer data that already exists for sales and marketing campaigns.
In addition, new data generated from NFT sales can be used for marketing re-targeting and predictions.
This will allow businesses to more efficiently create and manage their digital assets, as well as understand and engage with their customers on a deeper level.
In turn, this will lead to increased sales, higher customer retention rates, and improved overall customer satisfaction.
NFT cloud will also be able to integrate with a business’s existing commerce site if the customer is not using Salesforce Commerce Cloud.
As a result, NFT Cloud will be a powerful tool that can be used by businesses to gain a competitive edge in the web3 marketplace.
NFT Cloud Training and Certifications
Salesforce’s NFT Cloud is currently only available for a selected few pilot programs. As a result, there is no formal training or certification for this new product.
However, Salesforce does have a series of Trailhead modules on web3 and NFTs. These modules can help users to understand the basics of this new technology.
If the pilot program is successful, it is likely that training and certification will be rolled out for NFT Cloud.
In the meantime, these Trailhead modules can provide a valuable introduction to this exciting new technology.
Salesforce NFT Cloud is still in its early days and not many implementations exist.
By using NFT Cloud you are able to leverage integrated data from your existing Salesforce Customer 360 Platform to enhance your ability to mint manage and sell NFTs.
This emerging technology being developed by Salesforce is an entirely new breed of web3 software solutions which will help businesses with their evolution in the digital asset space.
NFT Cloud has applications in many different industries that primarily focuses on creating new communities, revenue streams, and enhancing customer engagement.
Salesforce has said it will only integrate with sustainable blockchain options to ensure the reduction of carbon emissions, aligning with Salesforce’s core values.
NFT cloud can be combined with Net Zero Cloud to automatically calculate carbon emissions and ensure compliance with environmental goals.
For more information about Salesforce and their web3 solutions, visit their website and Trailhead web3 material.