Animoca Brands Japan Invests in SmartRetail for Web3 Incentives

03/16/2023 03:10 • NFT Newsflash • 131 views

On March 16th, Animoca Brands Japan announced a commitment to strategic investment in SmartRetail, a customer analytics solution that combines face recognition technology. Deployed in convenience stores, gas stations, vending machines, and other scenarios, it can benefit from consumer traffic through valuable external advertising activities, thereby providing consumers with instant in-store incentives. Through its investment in SmartRetail, Animoca Brands Japan aims to establish an outdoor interactive platform in Japan that provides consumers with the option of providing Web3 incentives.

Animoca Brands Japan will make a strategic investment in SmartRetail

Analysis based on this information:

Animoca Brands Japan, a subsidiary of Animoca Brands, has recently announced its commitment to investing in SmartRetail, a customer analytics solution provider that uses face recognition technology. SmartRetail provides real-time analytics on customer demographics, behavior, and preferences. Its innovative technology is deployed in numerous scenarios, including convenience stores, gas stations, vending machines, and other retail stores.

SmartRetail’s technology can benefit businesses by boosting customer traffic through external advertising activities. Consumers can receive incentives in-store which can influence their decision to make a purchase. Through its strategic investment in SmartRetail, Animoca Brands Japan aims to establish an outdoor interactive platform in Japan that provides consumers with the option of providing Web3 incentives. Web3 technology is a decentralized system that enables users to interact with each other in a peer-to-peer network, without the need for intermediaries.

This strategic investment provides a significant opportunity for Animoca Brands Japan to integrate Web3 technology in a real-world retail environment. By leveraging SmartRetail’s customer analytics technology, Animoca Brands Japan can optimize its advertising strategies, understand customer behavior, and create personalized incentives that are relevant to specific customer segments. This will increase the likelihood of customer engagement and loyalty, leading to increased sales and revenue.

SmartRetail’s technology has several applications beyond retailers. For instance, it can be used in public spaces, such as train stations and airports, to provide essential information to travelers, such as directions to their destination, weather updates, and special offers. By using SmartRetail’s technology, Animoca Brands Japan can provide travelers with personalized incentives that encourage them to engage with travel-related businesses.

In conclusion, Animoca Brands Japan’s investment in SmartRetail is a significant step towards integrating Web3 technology in real-world retail environments. This partnership has the potential to create new revenue streams for Animoca Brands Japan, optimize the customer experience, and enhance customer engagement and loyalty. Through this investment, Animoca Brands Japan hopes to establish itself as a leader in the adoption of Web3 technology in Japan.

Keywords help the reader understand the primary topics presented in the text. Some of the keywords presented include Web3 incentives, customer analytics, and face recognition technology, which are all essential aspects of Animoca Brands Japan’s strategic investment in SmartRetail. Additionally, the title provides a brief but accurate summary of the text’s main point, making it easy for readers to understand the significance of the partnership between Animoca Brands Japan and SmartRetail.

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Animoca Brands Japan Invests in SmartRetail for Web3 Incentives

Animoca Brands Japan will make a strategic investment in SmartRetail

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