š§© Web3 empowers small businesses by giving them ownership over their customer data, direct access to their audiences, and freedom from platform fees ā the unlock is decentralization plus smart contracts.
š The Unlock:
Direct Ownership: Instead of renting space on Amazon, Etsy, or Instagram, businesses can run decentralized storefronts and manage on-chain customer lists (e.g., via wallet addresses).
Tokenized Loyalty: Offer NFTs or tokens as rewards for purchases or referrals ā these can unlock discounts, VIP access, or voting rights in product decisions.
No Middlemen Fees: Accept crypto directly, bypassing payment processors and saving on fees.
Programmable Trust: Use smart contracts for transparent deals, royalties, or service agreements, reducing the need for lawyers or third parties.
TL;DR: Centralized platforms monetize small businesses. Web3 lets them monetize their own communities ā on their terms. 0 reply
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