top of page

"Redefining Identity & Community with NFTs and Web3"

Using centralized platforms like Instagram, Twitter, and Linkedin users are locked into their platform of choice with limited options for data ownership. However, Web3 motivates users towards decentralized platforms and social graphs, such as Lens Protocol, Farcaster/Warpcast, and Bluesky and more. Many of these open protocols and platforms rely on blockchain technology, which allows for user-owned and peer-to-peer networks. A brand may use Web2 social media platforms like Instagram and Facebook to drive traffic to their Web3 community platform, where brands can make more engagement and incentivize community participation by rewarding users with tokens, NFTs, POAPs (proof of attendance protocols) or other digital assets that can community offer.

Redefining Identity Helps to have Better Connections: Web3 communities offer users greater control over their digital identities and data, allowing them to tailor their online experience and connect with like-minded individuals, encouraging a more intimate and personalized community experience. Unique markers of digital identities, such as NFT PFPs, serve as powerful symbols of individuality and ownership within these communities, like in the case of Bored Ape Yacht Club, CryptoPunks, Azuki, Doodles, DeGods, or other notable NFT collections. Verification methods, like hexagon-shaped profile photos on Twitter, not only signify ownership but also help members identify each other. In Web3, NFTs, wallet activity, ENS domain names, and token holdings can paint a clear picture of a user’s on-chain digital persona — and brands can use this valuable information to reward and delight new users entering their digital spaces in a more personalized way.

Positive Effect of DAOs to New Community Models: Unlike in Web2 communities, revenue models in Web3 are more equitable and encourage active community participation. Web3 communities, especially DAOs (Decentralized Autonomous Organizations), which are usually token-gated or NFT-gated, allow users to have a direct say in a project’s direction. Participation is rewarded and encouraged through things like offering up token rewards on DAO “bounty boards”. This system drives growth and development, all while rewarding those contributing to the organization. With the strengths of both Web2 and blockchain, marketing professionals can better understand how to use both Web2 and Web3 technologies together to reach their goals. For community building, brands can use blockchain technology to create communities that are more engaged, delivering more value to brands and their customers in a loyal way.

CryptoFemale☂️ Germany Founder Written by: ANIL ALTAS BRUG

Find the original Medium article here!

Linkedin link here!

0 views0 comments


bottom of page