Ditch the Old, Embrace the Bold: Web3's Rise in Genuine Engagement
Published on
November 6, 2023
Words by:
Insight
Insight
Insight
Ditch the Old, Embrace the Bold: Web3's Rise in Genuine Engagement
Published on
November 6, 2023
Words by
Words by:
Engagement isn’t just a metric—it's the currency for building unparalleled loyalty, and no channel does it like Web3.
While Web3 may seem like an intimidating tech term, it essentially offers a user-centric experience that transforms both data ownership and engagement. For advertisers aiming to craft personalized, immersive campaigns, Web3 is a tool that seamlessly blends into the consumer’s digital journey, often without them even realizing it. A YouGov and Consensys survey shows that only a fraction of the global population is familiar with Web3, but that should not stop you from using it. Subtle integration makes it a powerful asset in marketing, redefining the value exchange between customers and brands without having to re-educate or bombard customers with tech jargon!
If you're still on the fence about incorporating Web3 into your marketing strategy, here are five compelling reasons to consider:
Seamless Integration with Existing Campaigns: Web3 enhances rather than replaces your current marketing efforts, offering a versatile solution that adapts to your needs. A prime example is Pernod Ricard’s ‘Arrive Like A Local’ Travel Wallet, a Web3 channel integrated into their Jamson campaign. This digital experience not only connected digital and physical experiences but also enhanced brand awareness and directed consumers towards various purchasing touchpoints, showcasing the power of a unified brand presence across channels.
Enhanced Re-Engagement and Customer Loyalty: Web3 introduces innovative ways to build long-term customer relationships. Fjallraven utilized a Web3 experience to transform their customer engagement and loyalty strategy. By creating a unique retail experience and an NFT redeemable in stores for their Kanken Bag, Fjallraven were able to re-engage existing customers and attract new ones. The introduction of the Fox loyalty coin further incentivized engagement, resulting in significant increases in brand interactions and a 45% lift in customer lifetime value.
Web3 takes marketing to the next level, offering interactive and engaging experiences that capture your audience's attention. Lendlease’s “Find Your Fortune” campaign, in partnership with Accenture, transformed the Chinese New Year celebration into an immersive experience with an AR treasure hunt across their retail spaces in Singapore. Shoppers were engaged in a festive journey, collecting digital tokens inspired by the Chinese Zodiac elements, and unlocking exclusive in-store offers through a digital experience. This innovative blend of cultural tradition and modern technology resulted in 150,000 token collections, a 14-minute average engagement time, and recognition at industry awards.
Bridging the Online-to-Offline Gap: Web3 enables innovative strategies to guide customers from online interactions to physical stores. This enhances the customer journey, ensuring a seamless and integrated experience across all touchpoints. Lacoste Parfums dropped SMTs (SmartMedia Tokens) around London to drive awareness of the Lacoste fragrance. The campaign drove over 50% of customers to claim their free Lacoste Perfume sample in stores.
Zero-Party Data: A Mutual Win for Brands and Consumers. With heightened concerns over privacy, zero-party data emerges as a crucial asset in the digital marketing landscape. Web3 revolutionizes data collection by ensuring it’s consensual and direct, eliminating intermediaries. For brands, this direct line of communication results in rich, reliable data, allowing for highly personalized and relevant advertising. On the consumer side, there's a clear benefit in having control over the information they share, ensuring it only goes to brands they trust and want to engage with. They’re not just passive participants; they’re active collaborators in the creation of their own personalized digital experience.
Embrace Web3 for a Future-Forward Omnichannel Strategy
Web3 is not just a trend; it's the future of omnichannel marketing. By integrating Web3 into your strategy, you open doors to enhanced engagement, innovative customer experiences, and a level of data control that sets you apart in the competitive digital landscape. Don't just reach your audience; connect with them on a deeper level with Web3.
About SmartMedia Technologies SmartMedia Technologies (SMT) is the Enterprise Web3 engagement and loyalty platform that leading brands trust to make Web3 easy, safe, and open for current and future consumers. SMT powers gamified AR and spatial experiences for consumers to earn and redeem tokens and rewards through the SmartMedia Wallet, a user-friendly Web3 mobile app. SMT enables brands to deliver personalized consumer loyalty through its digital technology while leveraging the scale of its Web3-enabled programmatic media platform to reach digital and mobile audiences – delivering gamified engagement, acquisition and loyalty to drive better business outcomes