The first Web3 Loyalty Platform has been introduced by ShopNEXT in collaboration with Visa. Anyone with a Visa card has access to convenient shopping as well as the opportunity to earn small incentives.

This brilliant loyalty network is anticipated to accelerate the growth of the global economy, assist millions of merchants in expanding their operations, and popularise Web3.

How does it function?

ShopNEXT makes use of the Visa Offers Platform’s card-linked capability, which enables any user to connect a Visa card to their mobile app. ShopNEXT will be able to track all successful card payment transactions using VisaNet and quickly award users with the token on top of them. A loyalty point of sorts, the ShopNEXT token differs in that it was created on the blockchain.

Additionally, ShopNEXT introduces NFT cards and in-app gaming, giving consumers additional ways to increase their reward earning potential. A cutting-edge Shop-To-Earn model will be produced using purchasing, gamification, and NFT.

Source: Prnewswire