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Brands: Stop treating NFT drops like ad campaigns

Published 02/24/2023, 08:00 AM
Updated 02/25/2023, 10:20 AM
© Reuters.

The rise of Non-Fungible Tokens (NFTs) has created a new frontier for brands looking to engage with consumers in a more meaningful way. However, as more and more brands enter the space, many are discovering that what they have committed to actually requires methodical, continuous effort and engagement that escalates with each milestone. Basically, brands are finding themselves in a type of ‘engagement Ponzi scheme’ that their marketing teams are not equipped to handle. Here’s why.

The challenge stems from two things:

There must be many cooks in the kitchen

Gamification is a long-term game


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