Introduction
Have you heard about the hottest and most discussed #eCommerce technology topics? The first is unquestionably #AI. What else is trending? Because the future is becoming increasingly complex, there is no simple answer. However, it is about abandoning the internet as we know it and venturing into new and uncharted territory. It is about accepting concepts such as #Web3, #crypto, #blockchain, and #NFTs.
Experts predict that #NFTs and #Web3 transactions will be commonplace in #eCommerce within the next five years, so start planning ahead if you don't want to fall behind.
WHAT ARE THE IMPLICATIONS FOR E-COMMERCE?
#Web3, #crypto, and #NFTs are already having an impact on #eCommerce, and this trend will only continue. And, as startups continue to innovate at breakneck speed, the use cases for #blockchain continue to expand. Consider some real-world examples of how this affects the #eCommerce landscape.
A BLOCKCHAIN-BASED E-COMMERCE LANDSCAPE WITHOUT TRUST
While trust is currently the primary motivator in #eCommerce, it will be less important in #Web3, where transactions are guaranteed by the #blockchain. In eCommerce, paying with #cryptocurrencies will be just as common as paying with credit cards or# PayPal.
Consumers will most likely buy products in webshops in the near future via innovative, contract-enabled, and distributed applications (#dApps) on the #blockchain.
E-COMMERCE LOYALTY REWARD PROGRAMS BASED ON NFTS
The monetization of loyalty programs is one of the most popular use cases for #NFTs in #eCommerce. Companies can now offer far more valuable loyalty rewards thanks to #NFTs. Companies can issue NFT-based tokens with predefined values instead of arbitrary points to customers.
EXPERIENCES OF CUSTOMERS IN THE METAVERSE
The Metaverse is a synthesis and extension of numerous existing and emerging technologies, including #AR, #VR, #blockchain, #crypto, and #socialcommerce.
Creating customer experiences in the #Metaverse is an exciting challenge and opportunity for eCommerce brands today and in the future.
NFTS TO BUILD AND MONETIZE COMMUNITIES
This idea originated with the start-up #POAP (Proof Of Attendance Protocol). The goal is to use #NFTs to build communities around shared experiences. This means that you could, for example, scan a QR code in person and receive an #NFT memento, which grants you access to an online community.
Conclusion
When #web3 becomes a reality, it will undoubtedly change #eCommerce in every way. It would provide various strategic ideas that would significantly accelerate eCommerce.
You can license your startup using a subscription strategy with these strategies. As a result, #web3 has a significant impact on all types of #eCommerce, including #B2B and #B2C.
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