Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Trump’s controversial memecoin dinner aroused mixed reactions from those present on

2025-05-24

Bitcoin Hodlers refuse to sell $ 11 billion profit – will their patience be rewarded?

2025-05-24

Binance mentions USD1 Stablecoin with trade restrictions in EU and US

2025-05-24
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    What is BNB chain Maxwell hardfork?

    2025-05-24

    Collect collaborations with Ecocreds to accelerate sustainability in chains

    2025-05-24

    Enjin Blockchain makes cross-chain stablecoin transfers possible with Hyperbridge

    2025-05-24

    Soonchain Partners with a decentralized calculation and AI -gaming

    2025-05-24

    Even launches a dedicated avalanche chain to strengthen the future of Fan-First music

    2025-05-24
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    The more deliberate buys $ 43,600,000,000 in American treasuries in alleged ‘stealth QE’ operation after China has abruptly dumped billions of bonds

    2025-05-24

    President in Chicago Fed evokes concern about stagflation, says the decision of the interest rate will probably be postponed in the midst of tariff uncertainty

    2025-05-24

    Shares tap down as Trump 50% rate for the European Union and a 25% rate for Apple iPhones proposes

    2025-05-24

    Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

    2025-05-22

    Lawyers for Tornado -Contant developer say that federal prosecutors have withheld critical evidence from the court

    2025-05-22
  • Analysis

    Binance mentions USD1 Stablecoin with trade restrictions in EU and US

    2025-05-24

    Billionaire Bill Ackman collapses $ 1,039,000,000 in a single active in large portfolio shift: report

    2025-05-24

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-24

    Hyperliquid’s market momentum pushes hype to new high

    2025-05-24

    According to economist and trader Alex Krüger, there is a new of all time for Bitcoin, but there is a catch

    2025-05-24
  • Learn

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»A deep dive into web3
Web 3

A deep dive into web3

2023-09-09No Comments6 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In a world where technology is evolving at breakneck speed, it’s no surprise that the business landscape is constantly changing. One of the latest and most talked-about developments is the rise of NFTs (Non-Fungible Tokens) and their integration into the strategies of ‘superbrands’. To shed light on this topic, a panel discussion with experts from various fields will share insights on the complexities of NFT adoption among super brands.

Superbrands are more than just products or services; they are cultural phenomena. These brands have transcended their industries and become symbols of status, identity and aspiration. Their power is not limited to marketing; it extends to influencing consumer behavior, market trends and even social movements. The bond between superbrands and their fans is based on trust, shared values ​​and a sense of belonging.

NFT panel
Investor Anndy Lian will host a panel on web3wave discussing the potential of NFTs for brands.

The quest for fan engagement

Oracle Red Bull Racing representative Dan Mitchell introduced himself as the Web3 leader. Before entering the world of cryptocurrency and Web3, he had worked extensively in advertising, collaborating with global brands on brand strategy and advertising campaigns. Dan discussed how the Red Bull Racing team is using Web3 technology to engage race fans, highlighting the importance of putting fans at the heart of their strategy.

Formula 1 teams understand the hunger of their fans. The desire to feel emotionally connected to the team, access exclusive content and connect with their favorite drivers is palpable. However, with most fans unable to attend the races in person, finding innovative ways to bridge the gap is a challenge.

The question that often arises is, “How can we best use Web3 technology to deliver emotionally compelling experiences to fans?” Whether it’s getting closer to the drivers, gaining access to team leaders like Christian Horner, or offering exclusive benefits through loyalty rewards programs, Web3’s potential in increasing fan engagement is enormous.

See also  Get ready to unleash the power of your digital identity with .Sonic! ⚡️

Dan explained:

“We use Web3 technologies to connect with our fans. It has been a unique journey for our part, and thanks to Bybit we understand how to manage Web3 a lot easier.”

The challenge of NFTs and utilities

As the discussion at the NFT conference suggests, Web3 technology, and NFTs in particular, should be invisible to the end user. It’s not about slapping an ‘NFT’ label on a product or experience and expecting it to succeed. The real success lies in creating an exceptional underlying experience for customers.

Anndy Lian, a book author and certified fund manager in Singapore, shared his expertise. He discussed the rapid evolution of NFTs and highlighted their potential as a gateway to larger communities and technology adoption. Andy also emphasized the importance of utility tokens and the value of creating meaningful user experiences.

“NFT gaming is more than just owning a digital sword; it’s about the experience and usability it provides within the game. Formula 1 discovered this when they first experimented with NFTs by offering digital helmets and racing suits with no clear purpose. Fans wondered what they could do with these digital assets. Our partnership with Oracle Red Bull Racing for the recently launched Velocity Series addresses these concerns. We work with successful NFT artists to integrate racing features into the art. In this case, the value and utility are in the art itself, and not just as an NFT, as Anndy said.”

Learning from mistakes and a customer-oriented approach

Liverpool Football Club’s early NFT launch serves as a cautionary tale. They released NFTs with no apparent purpose, mirroring traditional merchandise. However, they understood their audience better when they partnered with Meta for NFT-based apparel. They used terminology that their fans understood, focusing on “collectible avatars” and “coins” rather than complex NFT jargon. This approach led to a very successful project, with three million wallets opened on its initial launch.

See also  Mercedes Benz Web3 Arm To Release NFT Collection With Digital Art Community Fingerprints DAO

Reddit, another major brand, took a stab at Web3 by offering customizable avatars without emphasizing NFTs, instead focusing on users’ identities and opinions. This strategy resonated with their audience and resulted in significant success.

The above points were highlighted by Tom Downing, representative of the British Interactive Media Association. He highlighted his role in educating brands and companies about Web3, and he mentioned a Web3 education company called “Roster3,” which offers an accredited mini-MBA in Web3.

The reality check

Amid all the excitement, however, it’s essential to remember that not every Web3 venture is groundbreaking. Some may still seem gimmicky. The key is to offer a unique technology that provides transparency, accountability and real value for users. In the case of NFTs, simply replacing traditional offerings with digital versions is not enough.

Ben Radcliffe, representative of Amber Group, a crypto-native financial services company, echoed Anndy’s point. He emphasized the need for brands to understand the “why” behind their Web3 initiatives and how these initiatives can create value for users. He also highlighted the challenges and opportunities for super brands entering the Web3 space. He emphasized the need for brands to have a legitimate reason to adopt Web3 technology, which goes beyond just chasing the latest trend.

Conclusion

The potential future directions for superbrands in the Web3 space are positive. The potential areas for expansion include NFT ticketing, fan-based tokens, and immersive experiences in the metaverse. Andy emphasized that brands should focus on delivering value and experiences to users with a long-term perspective.

As the panel discussion ended, it became clear that superbrands were making significant moves in the Web3 world. While NFTs offer exciting opportunities for fan engagement and monetization, brands must be strategic.

See also  Ethereum is back, baby! | Web3 Daily

The success of Web3 initiatives depends on delivering real value and creating compelling experiences for users. In this rapidly evolving landscape, the future of superbrands in Web3 holds the promise of exciting developments and innovations.

Web3wave Summit was organized on 3rd of August in London. Experts from Binance, Bybit, Coinbase, Mastercard, Bitfinex, Huobi, Oxford University and many others were present. Her Excellency Uddin, Member of the House of Lords, delivered a keynote speech on her vision for Web3 and Metaverses. The event was supported by Benzinga, Coingecko, CryptoSlate, Seed.Photo, Blockcast.cc, Blockreview, Followin, Moledao, AOI, Custodiy, Bitverse, Riple, Tusima, Pollen Defi and Wishu Media etc.

Source link

Deep Dive Web3
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bubblemaps V2 goes live on BNB chain, unlocking deep tok transparency

2025-05-24

Binance’s Changpeng Zhao is revising WSJ ‘Fixer’ Role statement for Trump-Gelioderde World Liberty Financial

2025-05-23

Eni and Certik Partner to elevate Node Security and Decentralized Trust in Web3 Space

2025-05-23

Introduction of .Brave: The official domain for 86m+ brave users

2025-05-23
Add A Comment

Comments are closed.

Top Posts

Trader Joe: Jimbo protocol attacked, your assets are safe

2023-05-28

Solana goes live on Google Cloud’s BigQuery data analytics platform

2023-11-02

The biggest bull flag in crypto history has just formed

2023-12-14
Editors Picks

Is Ray ready for an outbreak? These are the most important levels to watch!

2025-03-01

Bitcoin Hashrate Rises as Revenue Drops: BTC Miners in Trouble?

2024-08-13

Ethereum and Polygon attract majority of new users: Flipside Report

2024-04-08

Bitcoin who performs better than S&P 500 year-to-date is an ‘performance’, says Bloomberg Analyst but there is a catch

2025-04-25

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Trump’s controversial memecoin dinner aroused mixed reactions from those present on

Bitcoin Hodlers refuse to sell $ 11 billion profit – will their patience be rewarded?

Binance mentions USD1 Stablecoin with trade restrictions in EU and US

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,481.28-0.39%
  • ethereumEthereum(ETH)$2,659.991.47%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.431.22%
  • binancecoinBNB(BNB)$684.500.58%
  • solanaSolana(SOL)$180.832.63%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2441172.47%
  • cardanoCardano(ADA)$0.812.89%
  • tronTRON(TRX)$0.2741350.58%
  • suiSui(SUI)$3.83-5.35%
  • hyperliquidHyperliquid(HYPE)$35.1515.84%
  • chainlinkChainlink(LINK)$16.692.47%
  • avalanche-2Avalanche(AVAX)$25.134.41%
  • stellarStellar(XLM)$0.3015731.48%
  • shiba-inuShiba Inu(SHIB)$0.0000152.77%
  • bitcoin-cashBitcoin Cash(BCH)$439.896.01%
  • hedera-hashgraphHedera(HBAR)$0.2038521.74%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.150.68%
  • polkadotPolkadot(DOT)$4.942.88%
  • litecoinLitecoin(LTC)$100.151.87%
  • moneroMonero(XMR)$393.01-0.71%
  • bitget-tokenBitget Token(BGB)$5.8110.20%
  • pepePepe(PEPE)$0.00001511.86%
  • piPi(PI)$0.79-4.64%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • uniswapUniswap(UNI)$6.472.47%
  • bittensorBittensor(TAO)$462.89-1.81%
  • aaveAave(AAVE)$255.571.42%
  • nearNEAR Protocol(NEAR)$3.054.31%
  • aptosAptos(APT)$5.838.73%
  • ondo-financeOndo(ONDO)$1.011.97%
  • okbOKB(OKB)$52.87-0.27%
  • kaspaKaspa(KAS)$0.1149020.07%
  • internet-computerInternet Computer(ICP)$5.633.20%
  • ethereum-classicEthereum Classic(ETC)$19.530.83%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.90-3.63%
  • gatechain-tokenGateToken(GT)$21.940.46%
  • render-tokenRender(RENDER)$5.185.25%
  • crypto-com-chainCronos(CRO)$0.0996400.72%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2512941.13%
  • vechainVeChain(VET)$0.0304191.89%
  • mantleMantle(MNT)$0.761.84%
  • ethenaEthena(ENA)$0.4191543.29%
  • worldcoin-wldWorldcoin(WLD)$1.5522.66%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.33%
  • usd1World Liberty Financial USD(USD1)$1.00-0.14%
  • arbitrumArbitrum(ARB)$0.4285452.15%
  • bitcoinBitcoin(BTC)$110,481.28-0.39%
  • ethereumEthereum(ETH)$2,659.991.47%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.431.22%
  • binancecoinBNB(BNB)$684.500.58%
  • solanaSolana(SOL)$180.832.63%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2441172.47%
  • cardanoCardano(ADA)$0.812.89%
  • tronTRON(TRX)$0.2741350.58%
  • suiSui(SUI)$3.83-5.35%
  • hyperliquidHyperliquid(HYPE)$35.1515.84%
  • chainlinkChainlink(LINK)$16.692.47%
  • avalanche-2Avalanche(AVAX)$25.134.41%
  • stellarStellar(XLM)$0.3015731.48%
  • shiba-inuShiba Inu(SHIB)$0.0000152.77%
  • bitcoin-cashBitcoin Cash(BCH)$439.896.01%
  • hedera-hashgraphHedera(HBAR)$0.2038521.74%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.150.68%
  • polkadotPolkadot(DOT)$4.942.88%
  • litecoinLitecoin(LTC)$100.151.87%
  • moneroMonero(XMR)$393.01-0.71%
  • bitget-tokenBitget Token(BGB)$5.8110.20%
  • pepePepe(PEPE)$0.00001511.86%
  • piPi(PI)$0.79-4.64%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • uniswapUniswap(UNI)$6.472.47%
  • bittensorBittensor(TAO)$462.89-1.81%
  • aaveAave(AAVE)$255.571.42%
  • nearNEAR Protocol(NEAR)$3.054.31%
  • aptosAptos(APT)$5.838.73%
  • ondo-financeOndo(ONDO)$1.011.97%
  • okbOKB(OKB)$52.87-0.27%
  • kaspaKaspa(KAS)$0.1149020.07%
  • internet-computerInternet Computer(ICP)$5.633.20%
  • ethereum-classicEthereum Classic(ETC)$19.530.83%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.90-3.63%
  • gatechain-tokenGateToken(GT)$21.940.46%
  • render-tokenRender(RENDER)$5.185.25%
  • crypto-com-chainCronos(CRO)$0.0996400.72%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2512941.13%
  • vechainVeChain(VET)$0.0304191.89%
  • mantleMantle(MNT)$0.761.84%
  • ethenaEthena(ENA)$0.4191543.29%
  • worldcoin-wldWorldcoin(WLD)$1.5522.66%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.33%
  • usd1World Liberty Financial USD(USD1)$1.00-0.14%
  • arbitrumArbitrum(ARB)$0.4285452.15%