To set giftcards up you will first need to Enable your Next-gen Storefront by going to Settings > What’s New > and then toggling the option to ‘Enabled’.

Once that is enabled you can go to Catalog > Gift Cards to Create Gift Card

When creating your gift card either click Create Gift Card and start selling gift cards with the suggested settings or choose Edit settings.

Once a gift card is enabled, it appears among your other products in your store admin in Catalog → Products.

When live on the website it will look like the example below;

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