The beginning of web3 wasn’t smooth, nor is their success story! Web3, or as we call it the ’read-write-own’ mechanism of the new internet, has split the business world into two: traditional and contemporary. The newness of their decentralization method into business elevated the worth of cryptos more than it initially expected. With more than a decade into the market, there emerged a new economy, NFT. Though the use cases of these cryptographic assets are limitless, this blog will be focusing on the Web3 Loyalty Platform Development with brands redefining their purpose!

What are these Web3 Loyalty Programs?

The sole purpose of the concept, of loyalty programs, is to enhance the platform’s decentralization, transparency, interoperability, and most importantly the brand reputation. As an initiative to market the brand amongst its users, the integration of NFTs with it only elevates its value. That is, with this, the brands and companies can provide the users the advantages of receiving rewards, free products, redeeming points, or even some sophisticated perks exclusive to the brand. 

Now, why is this brand loyalty with web3 more critical? The straightforward answer is to build trust and retain the loyalty betwixt the company and its consumers by engaging them incessantly. 

Explaining the user-biased brand-loyalty platform in Web3

The brand loyalty programs invigorate the performance of a peer-to-peer mechanism and the users with full utilization of the platform. That is, the platform with loyalty points for brands rewards the user with a crypto token for inferring the major global economy, NFTs. 

Though loyalty programs have always been in existence, with web3 the complete and proper digitization of them enables a spectacular crypto journey. With advancements made in data analytics and artificial intelligence, user patterns can be monitored. These analytics include the frequency of the user with the brand, transaction history, and many more. Proving their versatility might be a long stay here! Buckle up and jump with us to the next section of the blog!

Features of Brand-Loyalty programs that are fans-biased

• Admin dashboard

The purpose of this admin dashboard is to guide the fans with all their collected rewards on the platform. The blockchain-running platform records all the processes of the rewards owned by the user through this feature. This allows the user to have an easy-to-navigate platform of authority. With this panel in place, the user can access their earnings anytime they want for more benefits!

• NFT Rewards

NFT rewards are the feature original to the platform for their nature to boost customer engagement dramatically. They allow the users to engage in multiple activities like events, campaigns, and other several programs to earn NFTs as rewards. Additionally, this feature enables the user to have prompt notifications of the special benefits they unlock by participating in the events. 

• Crypto wallet Integration

The crypto wallet integration to the blockchain-developed forum equips your brand experience with solid cryptocurrencies and NFTs stored securely. Also, with Web3 Rewards Platform Development the brand’s fans can have easy access to FDIC-compliant asset insurances, instant NFT purchases, elevated funding methods to trade or exchange, etc. 

• Community-based channels

These specific features being integrated into your brand’s customized loyalty program provide the user with a range of channels for interaction. That is, the users can interact with holders of alike NFTs. They can take hold of new NFTs by completing activities on the platform for user upgradation.

• Customized reward offers

With every brand given our tailor-made loyalty program developed, the users can avail of customized rewards as well! The feature allows users to access top-tier loyalty programs available on the blockchain. This will also inform them about the customer behaviors over the brands, all the while protecting their identity. 

• User-activity control panel

The user-activity control panel allows the user to view, edit, and take perfect control of their web3 royalty platform development. This makes them have conscious decisions on the purchase of the assets, as well as several pieces of information about the NFT earned as rewards. Additionally, the panel can be customized according to the user’s personal preferences. 

• Support and Maintenance 

Support and Maintenance of the platform allow the user to intensify their brand experience with effective NFT programs, secure systems, and other integrations. Also, they maintain the platform from fraud and rule violations on the user end along with clear data viewability!

Key Advantages of fans availing Brand-Loyalty Programs from brands

• Smart Contract 

Our smart contract integrations will help automate the platform that represents the framework of the loyalty program. Integrating smart contracts into the platform not only do they reduce errors in the trade but allows easy redemption of the NFTs as rewards without any intermediaries involved. The decentralized platform gives the user the transparency the traditional market fails to offer!

• Data Privacy Protection

With the blockchain sustaining the crypto assets in the platform, the brands can offer its user much protection and privacy encryption of their data. This involves protecting the user’s identity in the web3 arena and helps them keep their anatomy all the while unlocking multiple loyalty points throughout their experience. 

• Increased Customer Retention

A gratified user, implies another revisit to the platform. With brands integrating NFTs into their loyalty programs as rewards for the user, they can retain the customer by engaging them with curious content every day. Meaning, a Reward platform for their extensive brand increases the visibility of the business by increasing the ROI to the next level. 

• Crypto-cashback rewards

This type of rewards program integrates with your renowned brand name and will allow the customers to flock in for trades. That is, with many brands like Starbucks, Nike, etc., getting into web3 and launching their own web3 royalty platform development opened up opportunities to gain more access to the NFTs. With crypto-cashback rewards, the user satisfies certain requirements of the platform, like ‘pay through’ to win exclusive rewards. 

• NFTs as Appreciation rewards

As multiple domains are entering the hot venture of launching their web3 royalty platform, the NFTs, now can be used as appreciation tokens to the user. For instance, the regular user of the brand or a particular store can get access to a specific NFT as his loyalty reward, to which they have the complete authority to return to the store and monetize the assets!

• Reduces customer churn

One major drawback of the traditional keeping of loyalty model is that it is hard for the customers to keep at the trade. That is, with traditional programs the user has to be a regular to the brand, to get the reward. However, digitizing the entire concept and regulating them with the smart contract, allows both the  brand and its fans to have open trade of assets while unlocking dreamy NFTs!

• Increased user experience

This development unlocks one of the major advantages a user can get, the travel reward. That is, the user can win exclusive coupons to travel places worldwide upon unlocking rewards to a set limit in the smart contract. As the loyalty platform can also be customized with a tier module, the fans can upgrade their level, with which the scale of their NFT rewards also increases!

• Eco-friendly conscious rewards

The trend of today’s generation apart from web3 and NFTs is the ecosystem. They love and support brands that are eco-friendly and so do the brands. The brands can introduce events for the users to participate in, upon which they can have access to the brand’s specific Eco-friendly conscious rewards. 

Other than these exclusive benefits loyalty programs helps curb the lack of incentives, security concerns, etc in the hopes to earn profits. One of the major perks of delving into the web3 rewards platform development from brands is to have a closer relationship with their customers, thereby producing more user-centric products and NFTs. 

Love some NFTs with your brand for all your loyal consumers? Get our established Web3 Royalty Program Development to elevate your high-value rewards. 

Use cases with brand loyalty platform

• Seamless in-store user engagement where the users or the fans of the brands can enjoy convenient purchasing of assets. That is, they can enjoy physical asset purchasing with their digital NFT cards to identify their customer loyalty points. 
• The sophisticated Reward Scheme allows the fans to have some of the best experiences with the brand and its product with a tier-based reward unlocking system. Here, the brands can customize their platform by designing the rewards program to gain class and elegance over time and level. For instance, if a tier-1 fan unlocks an NFT collectible of the brand, the tier-3 fan can unleash the extravagant tour package around the world!
• Gamification is the addition to the platform where you can add games like spin the wheel, quizzes, etc., to earn rewards in a much more fun and entertaining way. This helps the user to be engaged with the brand and the platform earning them loyalty points. 

Industries that are Web3-ready for their Loyalty rewards

• Food and Beverage Industry 
• Healthcare Institutions
• Fashion Industry
• Travel and Tourism 

Wherefore AppDupe?

Initiating your web3 venture with our trailblazing company allows you to launch the NFT Loyal Platform that has the attention of a top brand in the market. Scoring big time in the crypto ecosystem of extended loyal fans for your brands with NFTs personalized for the users offers inevitable perks. Our extraordinary benefits, with niche-specific collectible, tailor-made for your brands, brings us to delineate an array of marketing strategies.

Ever since the recent launch of beta tester from Starbucks’s Odyssey broke out, there has been a positive upsurge in Web3 Rewards Platform Development. Want your brand’s fans’ experience trajectory to upturn? Approach for a result-driven statement-making platform!