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Blockchain Is Eating Social Media Marketing (Part 1/3)

Blockchain Is Eating Social Media Marketing (Part 1/3)
Jane Smith

Senior Editor

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Mar 5, 2022
Blockchain Is Eating Social Media Marketing (Part 1/3)

"Half the money I spend on advertising is wasted; the trouble is I don’t know which half.” - John Wanamaker

Social tokens and NFTs offer interesting but unproven ways to engage customers and drive brand loyalty

I learned a lot about how marketing is changing from a team with decades of experience building and investing in consumer brands

Old school marketing (billboards, mailers) has an attribution problem. It is difficult to measure the success of a specific medium or specific campaign

Social media platforms solved the attribution problem but have become cost-ineffective in the competitive world of consumer brands