Tag: retail

Retail refers to the business of selling goods and services directly to consumers, typically in small quantities. In the Web3 space, retail is evolving with the integration of blockchain and decentralized technologies, enabling seamless payments, loyalty programs, and digital ownership experiences. Retailers are increasingly adopting NFTs and cryptocurrencies to engage customers, enhance the shopping experience, and reduce transaction costs. Blockchain-powered retail solutions are enhancing transparency, traceability, and security in the digital economy.