Introduction
Data is the new currency. It's what drives business. In this blog, we are going to tell you about a project that is using data to drive a network of e-commerce. The project is called SocialNFT and it's a decentralized network for dealing with e-commerce data.
SocialNFT aims to leverage e-commerce data to build an economy of scale, which empowers users to become data owners and opens the door for brands and retailers to deliver better, more personalized services. This blog will cover topics around SocialNFT: what is it, the different components, and what its benefits are. This is a great example of how blockchain technology can be used to leverage e-commerce data.
What is e-Commerce? The diverse industry the SocialNFT project is targeting
E-commerce is a business model, it is the buying and selling of goods and services over the internet. In order to reach their goals, online merchants are using social networks for marketing purposes and to increase their interactivity with customers. The SocialNFT project is a decentralized network committed to the development of the e-commerce industry. It is based on the blockchain platform and is a promising solution for the main problems of the e-commerce market. The SocialNFT project has two different kinds of tokens – NFT tokens and Social tokens.
E-commerce is the buying and selling of goods or services over digital systems such as the internet, computer networks, or mobile devices. E-commerce enables buyers to browse a virtually limitless selection of goods and services, allowing them to purchase goods online that are shipped to them in a variety of different ways. E-commerce has three distinct markets: business to business (B2B), business to consumer (B2C) and consumer to consumer (C2C). SocialNFT is a decentralized network that enables e-commerce and retail data to be shared and monetized based on consumer preferences. By using SocialNFT, e-commerce businesses will be able to easily integrate consumer data into their websites. SocialNFT's goal is to make e-commerce less fragmented and more efficient by increasing the quality of data and the quantity of data.
Why Decentralization is the Future of Data Trading
As the market for Internet-of-Things (IoT) devices continues to grow, it also becomes increasingly difficult to run and secure all the necessary infrastructure. The problem is further exacerbated when the IoT device is one with a transactional function, like a car or a toaster. The only way to solve this problem is to decentralize the data. This is what SocialNFT is setting out to do. SocialNFT is a blockchain-based network that allows communities to collaborate on product ratings and reviews with their own native crypto-tokens. In addition to that, it also serves as a marketplace for e-commerce data trading and advertising.
The world of e-commerce is a data driven and fast growing ecosystem that is valued at millions of dollars. However, the e-commerce industry still lacks a seamless way to transfer data from one platform to another. As a result, e-commerce platforms are more likely to lose out on valuable data that could potentially boost revenue. The SocialNFT network is a decentralized and transparent network that allows users to freely trade data in exchange for tokens. The big selling point of the SocialNFT network is the fact that it allows users to monetize their data in a transparent and secure way.
Building a Decentralized Data Marketplace
Our team looked at the current market and saw the need for a decentralized network to securely buy and sell e-commerce data. Our goal was to create a platform that would enable businesses to maximize the value of their data so they can grow. The team’s experience with data and e-commerce came together to create a platform that would solve the problem of buyers and sellers being unable to find one another. The platform works by creating a community of data buyers and sellers and by providing the technology to connect them securely.
Although social media has had a huge impact on our lives, it has also taken a lot of our privacy. In fact, the more we use social media, the more we’re giving away our privacy to these corporations. And the more we provide them with our data, the more they profit from it. But there’s one thing that’s not a commodity, and that’s our data. So the question is: What if we could take our own data back? That’s where the team behind SocialNFT comes in. They’ve built a social media platform that gives users full control over the data that they’re sharing.
Conclusion
The SocialNFT ecosystem is a decentralized network for e-commerce data, that will allow businesses to share information with other businesses as well as consumers. The goal is to build a strong and transparent network that can be used to create new business relationships and foster collaboration within your industry.
USEFUL LINKS
Website: https://socialnft.market/
Whitepaper: https://wpdf/Whitepaper.pdf
Telegram: https://t.me/SocialNFT/82
Twitter: https://twitter.com/NftSocial
Facebook: https://www.facebook.com/Social-NFT-Marketplace-107634801407846
Instagram: https://www.instagram.com/social.nft.marketplace/
YouTube: https://www.youtube.com/channel/UCAAV_8YwHqTqQgmK3z5jmcw
AUTHOR'S DETAILS
Bitcointalk Username: Esty2281
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2737693
BSC Wallet Address: 0xA181d93387DF684AD94D79f40E77E16f1BfE1a39