At this point, every company is a tech company– are there elements of Web3 technology that businesses can add to their strategy to make themselves more competitive?

Nowadays, the most valuable asset that a business has is its CRM (Customer Relationship Management). We are all after the likes and follows on social media, but that does not mean customer retention; it only appeals to our ego and nothing else. What makes a business successful is conversions, and that cannot only be achieved by attracting new customers over and over. In this highly competitive era, building customer loyalty by having customers willing to buy from you repeatedly is crucial. And for that – capturing and extracting value from your community- can easily achieved with NFTs. 

A customized Web3 strategy based on an NFT collection is a very easy way to introduce yourself into the space with minimum risk. But of course, you have to understand first how Web3 marketing functions, because the rules in Web2 and Web3 are very different. It would be wise to first contact a professional to elaborate a strategy for a launch, event, or workshop related to your business’s mission and then, based on the results and feedback, come in with a whole comprehensive strategy for your business and ensure customers’ loyalty and community building. If you also integrate immersive technology in your strategy you could increase by 40% your conversions rate, by simply increasing the time your prospective clients spend examining your product.