Spl.yt Core Foundation

Spl.yt is a blockchain-based protocol designed to improve the global e-commerce ecosystem by creating a decentralized inventory and sales tracking system. It utilizes Non-Fungible Tokens (NFTs) to represent unique items in a seller's inventory, allowing for interoperability across different marketplaces and enabling transparent affiliate marketing programs. The core mission is to reduce integration costs for brands and marketplaces, prevent counterfeit goods, and minimize platform risks. In June 2022, the core team behind Spl.yt was acquired by Shopify to help build out its Web3 and blockchain commerce strategy, shifting the project's independent development trajectory.