How Will Crypto Wallets Work In the Future Of eCommerce Marketing?

One of the goals of the crypto movement is that you can trade (virtually) anonymously without revealing your data to any third-party intermediaries. This has some interesting properties but in the long-term I think this will lose out to the mainstream use cases.

For instance. Access to new merchandise is going to be one of the most popular NFT use cases - where the NFT is a token representing a key to exclusive merchandise, or time-limited exclusive merchandise. Those NFTs could of course be distributed to "random" users, but, even today, bounty airdrops are given to a self-selecting group of followers.

Marketers are going to want to add this to the "zero party" data they keep on a consumer, in case you want to send new tokens to consumers in the future based on behavior, access to events (whether physical or virtual) , etc.

Are people going to end up treating wallets as they do "inboxes"? One for private collections, and one for public purposes that you only keep things in temporarily?

#ecommerce #crypto

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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