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NFT Tech enters the $7.8 billion loyalty and rewards market and is a leader in new technology

Vancouver, British Columbia- (BUSINESS WIRE) –NFT dollars # encryptNFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or “NFT Tech”)And the Today, a leading technology company that collaborates with high-profile brands to accelerate its entry into the world of web3 through innovative technologies and unparalleled creativity announced its entry into the loyalty and rewards market.


The global loyalty market is worth $7.8 billion, and NFT Tech is preparing to use NFTs to fuel the future of loyalty programs. Loyalty programs come in many forms, and as brands look for ways to increase interaction with customers and fans, loyalty programs are set to Expand at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2030.

“Loyalty programs are gaining importance in every business and are becoming increasingly important to the success of the business. The market is huge, and loyalty programs are a part of everyone’s life in one way or another. Starbucks is often seen as a A leader in the loyalty field, with more than 24 million customers actively using their platform – representing more than 50% of their customers.”

Despite their popularity, today’s loyalty programs have many challenges and problems. Customers are tired of carrying multiple reward cards in their wallets, wondering about the use of their personal data and the real benefits of these programs. In fact, KPMG found it 38% of people reported a problem with the loyalty program In the past six months.

To address these issues, NFTs could fuel the future of loyalty programs. Use cases of NFT in the loyalty and rewards industry include:

NFTs with Loyalty Membership Pass – NFTs can serve as an access point to a brand’s loyalty program and specific tiered or individual perks or benefits, as in the case of, say, a gym membership. Along with a gym membership, perks can be added according to the number of times a user enters the gym, rewarding a healthy lifestyle similar to Fitbit’s step rewards.

gated entry – NFTs can act as a checkpoint for exclusive services, product and content releases based on NFT ownership. Crypto commerce can also be used to access future NFT releases and airdrops, as well as exclusive access to community channels, in-person events, and retail store activations. For example, an online store may only allow users to add an item to their cart if they already hold an NFT loyalty.

Blockchain use – NFTs can be used to authenticate product ownership, reward transactions, access portal membership, participate in games, or even represent a unique customer profile within the brand community (loyalty).

Personal rewards – Each NFT is certified as unique. This creates an enhanced sense of exclusivity, and therefore value. So brands can use NFTs to get to know their customers in a more accurate and highly personalized way. NFT can unlock specific personal privileges, such as unique benefits within a program that may have only one or two levels of differentiation.

“We are excited to bring web2 brands into the blockchain space and explore the use of NFTs alongside their existing loyalty programs,” Adam continued. “Through conversations in the retail space, to large sports organizations, I am happy to begin announcing new partnerships and brands. NFTs have a huge advantage in this area and the ability to reduce the amount of loyalty programs a customer engages with by linking reward functions directly to customer activity “.

About NFT Tech

NFT Technologies (NFT Tech) NEO is publicly listed on NEO and is a company that partners with top-tier brands to accelerate their entry into the web3 world through innovative technologies and unparalleled creativity. Working with established brands and intellectual property, NFT Tech leverages our loyal customer and fan base to gain future-proven credibility in the metaverse and web3 domains.

Follow us on social media:

twitter.com/nfttech
medium.com/@nfttechnologies

Cautionary note regarding forward-looking information

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements are generally identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan and” “may,” “should,” “will,” “will,” and similar expressions. Forward-looking statements in this press release include statements regarding multi-year deals, partnerships, and contract objectives; revenue forecasts and pipelines; recurring revenue models; benefits realized from said partnerships and agreements; Expanded NFT development and the Company’s product offerings Potential benefits and demands for direct-to-consumer NFT projects Potential benefits, development and acceptance of web3 and related applications Plans to accelerate growth and continued public acceptance of NFTs Although the Company believes the expectations and assumptions on which it is based These forward-looking statements and information are reasonable, but you should not place undue reliance on forward-looking statements and information because the Company cannot give any guarantee that they will prove to be true. Because forward-looking statements and information address future events and conditions, they are by their nature It involves inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained in this press release including, but not limited to, risk factors described in the prospectus. Readers are cautioned that the list of foregoing factors is not exhaustive. The forward-looking statements contained in this news release are expressly conditioned on this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date of this release and the Company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. , unless required by applicable laws.

No securities regulatory authority has approved or refused to accept the contents of this press release. Neo Exchange has not reviewed or approved this press release to ensure the adequacy or accuracy of its contents.

This press release does not constitute an offer to sell or the solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the US Securities Act of 1933 (“US Securities Act”) or any state securities laws and may not be offered or sold within the United States or to US persons (as defined in Regulation S under the US Securities Act). US Securities) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

Contacts

Wayne Lloyd, CEO
E-mail: ir@nfttech.com
phone: +1 (604) 800-5838


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