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Introduction to Web3 Marketing
Supercharge D2C growth in Web3 through utility NFTs
NFT means non-fungible token, and non-fungible means that this token is unique and can’t be replaced. Let’s take Bitcoin, for example. Bitcoin is fungible since you can trade your Bitcoin for another Bitcoin. You will end up with Bitcoin in both cases.
However, NFTs are more like Yu Gi Oh cards- one-of-a-kind trading tokens that if you trade one for another, you will receive a token different from the one you gave away.
NFTs can be everything. They can be a jpg image, music, or digital art. You can be an artist, create a 3 minute short YouTube video by adding your images and music. BOOM. You can now sell this video as an NFT at an excellent price if it brings value to the rest of the community. It’s just like getting paintings at an art gallery but cooler.
Web3 is a new channel for engaging your customers with less overhead.
Customers demand a new channel of communication as they are gradually tired of the long standing social media and advertisement platforms. Having a new way of delivering information allow your brand to standout in the customer’s mind as something unique.
Marketing in social media and traditional advertisement platform are becoming more expensive and less effective. Those platforms are facing diminishing return to attract users’ attention and to acquire new users. As they are investing more to secure their user base, businesses relying on advertisement on those platform pay for the price. Web3 as an unique channel allow you to directly engage with your customers in an independent community without relying on any platform.
NFT is the web3 native way to deliver your business’s presence. Customers in web3 usually use their wallet to manage their digital assets and presences as opposed to use their email or phone for identification. This is heavily valued in the web3 communities as it protects their privacy while allowing them to interact with the world with a public identification. Thus delivering promotions contained in an NFT to their wallet is much more welcomed than spamming them with email, SMS, or social media notifications.
NFT can contain more than a promotion code. It can contain an appealing image, animation, or other forms of collectibles that makes the delivery of a piece of information about your business more intriguing.
Last modified 10mo ago