VANCOUVER, British Columbia–(BUSINESS WIRE)–$NFT #Crypt—NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (“we” or “NFT Tech”), Partnering with top brands to accelerate its entry into the web3 world through innovative technology and unparalleled creativity, the leading technology company today announced its entry into the loyalty and rewards market.
With the global loyalty market valued at US$7.8 billion, NFT Tech is poised to drive the future of loyalty programs with NFTs. Loyalty programs come in many forms. Loyalty programs are set up to: Expand at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2030.
“Loyalty programs are becoming more important in every business and are becoming more and more important to the success of any business. Starbucks is often considered a leader in the loyalty space, with over 24 million customers actively participating in the program, representing more than 50% of customers,” said NFT Tech CEO said Adam De Cata.
Despite their popularity, today’s loyalty programs have many challenges and problems. Customers are tired of carrying multiple loyalty cards in their wallets and are questioning the use of personal data and the true benefits of these programs. 38% reported having problems with their loyalty program the past 6 months.
To address these issues, NFTs can drive the future of loyalty programs. Use cases for NFTs in the loyalty and rewards industry include:
NFT as Loyalty Membership Pass – NFTs serve as access points to branded loyalty programs and specific tiered or personalized perks and perks, such as gym memberships. In addition to gym membership, you can add perks based on how often users visit the gym, rewarding a healthy lifestyle similar to Fitbit’s step rewards.
Gated access – NFT can act as a checkpoint for exclusive services, product releases, and content under NFT’s proprietary rights. Token Gated Commerce can be used for access to his future NFT releases and airdrops, as well as exclusive access to community channels, in-person events and retail store activations. For example, in an online store, users can only add products to their cart if they already have loyalty NFTs.
Use of Blockchain – NFTs can be used to authenticate product ownership, reward transactions, gate membership access, gamify engagement, and even represent the unique profile of a customer within a brand (loyalty) community.
personalized rewards – All NFTs are authenticated as unique. This makes them feel extra special and, as a result, creates value. Brands can therefore use her NFTs to recognize their customers in a more granular and ultra-personalized way. NFTs can unlock certain personalized privileges, such as unique perks within programs that would otherwise have only one or two levels of differentiation.
“We are excited to bring the web2 brand into the blockchain space and explore the use of NFTs alongside our existing loyalty programs,” continues Adam. “We are thrilled to begin announcing new partnerships and brands from brick-and-mortar retailers to large sports organizations. We can reduce the amount of loyalty programs our customers deal with.”
About NFT Tech
NFT Technologies (NFT Tech), listed on NEO as $NFT, partners with leading brands to accelerate their entry into the web3 world through innovative technology and unparalleled creativity. By partnering with established brands and intellectual property, NFT Tech leverages a loyal customer and fan base to earn future trust in the metaverse and web3 space.
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Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally include statements such as “believe,” “forecast,” “anticipate,” “forecast,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” ”, “Plan”, etc. , “may”, “should”, “would”, “would”, etc. Forward-looking statements in this press release include statements regarding multi-year agreements, partnerships and contractual goals. Revenue and Pipeline Forecasts; Recurring Revenue Model; Benefits Realized from the Partnerships and Agreements Above. Expanding our NFT development and product offerings. Potential benefits and demand for consumer NFT projects. Potential benefits, development and acceptance of web3 and related applications. A plan to accelerate growth. Continued public acceptance of NFTs. Although we believe that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on forward-looking statements and information. correct. Forward-looking statements and information, by their nature, are subject to inherent risks and uncertainties, as they address future events or circumstances. A number of factors, including but not limited to the risk factors described in the prospectus, could cause actual future events to differ materially from the forward-looking statements in this press release. Readers are cautioned that the list of factors mentioned above is not exhaustive. Any forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date of this release and we may not make any forward-looking statements or statements as a result of new information, future events or otherwise. We undertake no obligation to publicly update or revise the information. , unless required by applicable law.
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This news release does not constitute an offer to sell or the solicitation of an offer to sell securities in the United States. This security has not been and will not be registered under the United States Securities Act of 1933 (the “US Securities Act”) or any state securities laws. unless registered under the United States securities laws and applicable state securities laws, or where an exemption from such registration is available.
Wayne Lloyd, Executive Chairman
phone: +1 (604) 800-5838