Web3-focused developers are using .xyz domains to revolutionize industries with innovative platforms that leverage the power of blockchain technology. Web3 video platform Shibuya.xyz aims to disrupt the Hollywood studio system of film distribution. Forbes-featured artist Brandon Tory’s Formless.xyz leverages blockchain technology to change the way music and other digital content is valued and distributed. Venture fund CoopRecords.xyz strives to invest in artists and startup founders who are uniting web3 and music. In this week’s #BlockchainThursday, we’ll introduce you to a web3 rewards startup that aims to disrupt the loyalty program industry: MetaFlyers.xyz.
MetaFlyers.xyz is a blockchain-based platform that utilizes web3 and NFT technology to create a decentralized rewards marketplace. The platform is designed to bridge the gap between everyday consumers, web3-curious brands, and NFT communities. MetaFlyers.xyz consists of three core components:
One of the key features of MetaFlyers.xyz is its ability to tokenize rewards, which helps consumers to own and transact with their rewards as they see fit. Consumers may gift, trade, or redeem their rewards, providing them with a sense of ownership and control. To claim rewards, members must hold $FEWL, a utility-based token that fuels the MetaFlyers.xyz platform. The only way to acquire $FEWL is by minting an NFT from the MetaFlyers’ collection.
MetaFlyers.xyz offers brands a frictionless way to engage consumers on the blockchain. Frictionless transactions are quick and easy to execute because they remove or reduce the barriers to completing a transaction. This can be achieved through automation and digitalization, reducing the need for manual interventions.
For web3 communities and projects, MetaFlyers.xyz aims to provide supplemental value mechanisms for communities and project founders to satisfy their holders’ interest for added utility. MetaFlyers.xyz is developing an application programming interface (API) and white-label solutions for brands that wish to have full control over their web3 campaigns. The solutions in development include:
The MetaFlyers Club (MFC) acts as the membership token to the MetaFlyers.xyz platform. Holders of the MFC NFT are eligible to redeem all offers available on the platform. If you don’t hold a MFC NFT, you’ll still be able to access offers that you are eligible for based on the NFTs you do hold.
MetaFlyers.xyz’s founding team has a mix of experience in software and product development, loyalty management, finance, content creation, and web3 familiarity. The team includes Jeff Sherwoord (founding member of financial services company LuxuryCard), Sam Snyder (former ESPN Chief Product Technologist), and Doug Lorenzen (former partner at Moore Venture Partners). Jeff is confident in their decision to build on .xyz. As he told us, “In leading an innovative decentralized company, it only made sense to align our brand with the leading web3 TLD, .xyz.” We are inspired by the innovation behind MetaFlyers.xyz, and look forward to more developments. You can learn more by following the platform on Twitter and by visiting MetaFlyers.xyz.
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