The NBA'southward Chicago Bulls take launched NFTs depicting half dozen championship wins from the 1990s via leading e-commerce platform Shopify.

Shopify is a multinational firm that provides website-based storefronts and payments infrastructure. Shopify president, Harley Finklestein, announced the NFT drib on Twitter earlier today.

Co-ordinate to Finklestein, the Chicago Bulls franchise is i Shopify'due south first partners to launch an NFT storefront on the platform, with Shopify's president noting the service volition only be available to a "select few" in its determinative stages.

Shopify integrated Sweet's NFT market place in May, allowing its customers to issue and sell nonfungible tokens directly through the popular e-commerce interface. Sweet supports NFTs issued via Ethereum's ERC-721 standard, Simple Ledger Protocol's SLP token standard, and Dapper Labs' Flow blockchain.

The Chicago Bulls' NFTs were minted on Flow, which also hosts the officially licensed NBA Topshot tokenized highlight collectibles.

The "Bulls Legacy Collection" will be released over half-dozen drops, with each token celebrating the team'south vi iconic title wins betwixt 1991 and 1998. The starting time NFT was launched on July 26 and has already sold out, with the second token slated for launch afterwards today. The remaining four NFTs scheduled for launch over the side by side four days.

The Bulls Legacy Collection, Drop one: nft.bulls.com

Related: The hereafter of fine art? World-famous artists delve into NFTs

Despite the NFT sector recently cooling off, NFT sales surpassed $2.5 billion for the first half of 2022.

On July 21, Cointelegraph reported that popular NFT marketplace, OpenSea, had airtight a $100 million Series B funding round led by venture upper-case letter firm Andreessen Horowitz at a valuation of $i.v billion — indicating VC investors remain bullish on the nonfungible sector.

Retail investors still appear eager to get their hands on prized NFTs also, with Tyson Fury's showtime NFT launch seeing a unmarried token fetch almost $ane million in a July xvi auction, while more than 32,000 people signed upwardly to participate in contemporary creative person Damien Hirst's latest NFT drop concluding week.