The way consumers shop online is changing, read to the end to find out how.

The Blockchain and Web 3.0 are changing the way consumers behave online. The day and age of going on a website and doing a traditional checkout are almost over. You may have already noticed some website using a more "virtual" approach to their strategy. Some of which includes allowing consumers to see what the clothes will look like on them, before they purchase. This is just a glimpse of what we're about to see in the future.

A New Shopping Experience

Web 3.0 allows businesses to conduct their business in ways that were never imagined before, With the introduction of the metaverse, consumers can now be fully immersed in an online buying experience; similar to as if they're conducting their purchases in a shopping mall. Is is completely possible that you can open your own shopping mall on digital property in a high traffic metaverse, and rent out virtual cubicles to clients, who can then sell their NFTs such as artwork for example.

By using the blockchain the possibilities are quite limitless on how businesses can create new streams of income. Certain blockchains have advantages over other with regards to minting NFTs for profit. For example, Solana allows you to set a percentage of commission for each sale for the creator, giving incentive to use their infrastructure over competitors, such as Ethereum.

NFTs are Future Receipts

With the exploding popularity of NFTs in recent times, it is more evident now that the future of business is going to be online. There will be a day when consumers can not only view an item online using augmented reality, but touch and even taste virtual items (NFTs)in the near future.

Any product that you see in real life can be an NFT, even if it's a consumable item such as milk. Think of it as a receipt... you purchased the milk via scanning the barcode and it verifies that you now own the product by financial and legal means - similar to an NFT, even if you decide to discard the .jpeg you will still be left with the receipt and the ownership of the milk bag, carton and all the waste that goes in the garbage. I hope that painted the picture a little better for you.

Changing How Business is Conducted

By shifting all traditional barcodes and product UPC codes to the blockchain, corporation can have a far greater understanding of their day to day business revenue, since literally everything is digitalized. Meaning that there is less physical theft, cash discrepancies, amongst other things.

Governments worldwide are aware that there is a growing increase in the cryptocurrency market, and as per usual, the government is going to find a way to regulate this. Not only did they find a way to regulate it, they completely controlled it (from the looks of it).

Inflation? Cryptocurrency Might Be The Solution

In the eyes of many, it seems that there's been an increase of inflation due to many political policies as of recently. Meaning the dollar is so inflated that there is a real problem in the economy and its transpiring into society. It may seem that the only logical solution is to abandon the dollar for digital currency, as part of some sort of reset... (allegedly)..

The point I am trying to get at is, just like the introduction of 5G, its out with the old and in with the new. When Web 3.0 and the metaverse are in full swing, and the new generation have graduated throughout the next 4-8 years, you bet there is a trillion dollar industry just waiting to be capitalized on.