Salesforce-Polygon NFT Partnership Sparks Fierce Debate Over Customer Loyalty Tactics

Salesforce-Polygon NFT Partnership Sparks Fierce Debate Over Customer Loyalty Tactics

Time Stamp: March 18, 2023 1:55 AM
Source Node: 2019268
  1. Salesforce-Polygon NFT partnership
  2. Blockchain loyalty program innovation
  3. Enhanced customer engagement strategies

Salesforce, a leading customer relationship management (CRM) software company, has announced a collaboration with Polygon $ 1.21 -0.20%, a layer 2 blockchain platform, to develop a non-fungible token (NFT) loyalty program. Polygon Labs President Ryan Wyatt confirmed the partnership, stating that Salesforce would aid their clients in onboarding to Polygon’s management platform to create token-based loyalty schemes.

This partnership follows Salesforce’s declaration on March 15th that it would expand its services to manage NFT loyalty programs for its clientele. The company, however, did not immediately respond to requests for comments. As a key revenue driver for businesses, loyalty programs are highly valued, with repeat customers contributing approximately 40% of a business’s revenue, according to Smile.io, a rewards program provider.

Blockchain technology has seen a surge in adoption in recent years, with various companies leveraging it to enhance customer engagement and offer novel loyalty rewards. Firms such as BlockFi and Gemini have introduced credit cards that provide bitcoin rewards, emphasizing the increasing integration of blockchain-based incentives in the industry.

The Salesforce-Polygon partnership marks another significant step in the evolution of NFT-based loyalty programs, promising to reshape the landscape of customer engagement strategies.

In other news, Binance, a renowned cryptocurrency exchange, disclosed on March 17 that it had rebalanced its Secure Asset Fund for Users (SAFU) by exchanging Binance USD (BUSD) assets for TrueUSD (TUSD) and Tether (USDT).

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.

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