Instead of competing with e-commerce giants directly, Netverse through its patented technology and hardware aims to offer a different, more transparent, and rewarding app-less platform for both consumers and businesses.
Unified ecosystem vs. fragmented app models.
Traditional e-commerce is highly fragmented, with retailers relying on individual websites, apps, and platforms like Amazon. The Netverse model, by contrast, is an "app-less" system accessed exclusively through Phinge's proprietary hardware.
- For consumers: Users can discover and purchase products from any business on the Netverse platform without downloading, navigating, or managing multiple apps. All services will reside in Netverse and are delivered seamlessly in real-time, removing friction from the shopping experience.
- For businesses: Sellers don't have to build and maintain separate apps for different operating systems. They integrate directly with the Netverse's universal codebase, giving them a unified and consistent presence across all Phinge devices. This will dramatically simplify their e-commerce strategy and reduces development costs.
Most e-commerce loyalty programs are siloed to a specific retailer or brand. Netverse introduces a universal rewards system that can be earned and redeemed across the entire ecosystem.
- Increased customer retention: When customers earn dollar-for-dollar rewards for any purchase on Netverse, they are more likely to stay within the ecosystem for future purchases. A user who buys a shirt from one merchant can immediately use their rewards to pay for dinner at a different Netverse restaurant online or in the real-world.
- Decentralized marketplaces: Instead of a single mega-marketplace like Amazon, Netverse will foster a network of smaller, verified vendors. The universal rewards system incentivizes users to shop with these smaller businesses, leveling the playing field and creating a "virtual online mall".
- Business incentives: Businesses can boost rewards to attract customers during slow periods or to offload overstocked inventory in real-time. This creates a more dynamic, sales-driven environment that benefits sellers with no upfront advertising costs.
Fraud and scams are a significant problem on many e-commerce platforms. Netverse is designed to eliminate this by requiring users and businesses to be verified through Phinge's patented hardware upon signup.
- Reduced fraud: Hardware-based verification dramatically reduces the risk of fraud, phishing schemes, and identity theft, creating a safer environment for transactions.
- Increased trust: For customers, shopping with verified businesses on Netverse provides peace of mind. For merchants, it ensures they are interacting with legitimate customers.
- Direct communication: The verified nature of the platform can foster more direct and secure communication between buyers and sellers, which is often difficult in traditional e-commerce.
Traditional e-commerce promotions often require manual setup and rely on historical data. Netverse will use its proprietary AI and real-time sales data to automatically trigger and manage offers.
- Automated inventory management: Retailers can set rules to automatically trigger promotions when inventory levels of a specific item get too high. The system can also automatically end the promotion once inventory is back to normal.
- Time-based offers: A business could set up a rule to automatically create and advertise a deal during a slow day-part. The deal would be displayed to nearby Netverse users and would end automatically once sales picked up. This is far more dynamic and efficient than manually pushing promotions.
Many large e-commerce platforms and social networks use customer data to sell targeted ads, with users seeing no direct benefit. Netverse will give users more control and a share of the value their data creates.
- User monetization: Phinge's users own and can monetize their own data, receiving rewards for their engagement, which spend dollar-for-dollar at all businesses or third-party platforms on Netverse. This fundamentally changes the economic relationship between Netverse and its users.
- Privacy-focused: With built-in features for privacy and user-owned data, Netverse challenges the surveillance capitalism model that underpins much of today's e-commerce.
First the third-party e-commerce platforms would join Netverse and be verified. Then whenever any of their users, join and are verified on Netverse, the e-commerce platform will earn 1% of the gross dollars they spend through their e-commerce platform on Netverse.
Summary of disruption
Netverse's disruption to e-commerce lies not in creating a better version of Amazon, but in building a new model from the ground up. It bypasses the need for apps and traditional marketplaces by creating an integrated ecosystem through Netverse accessed through its proprietary hardware, using a rewards-based economy to drive loyalty, and leveraging users permissible, real-time data to automate deals. This model offers greater transparency, a reduced cost structure for sellers, and a more rewarding and private experience for buyers.
You may learn more about Netverse and its patented, magnetically attachable smartphones and devices by visiting Phinge's websites at
https://www.phinge.com
To get on a contact list please fill out the online form here
https://www.phinge.com/netverseai.html
About Phinge Corporation
Phinge was founded and through Netverse® is being developed to disrupt today's outdated App technologies, including the App-store duopoly, by partnering with and giving its users and businesses ownership and control of their data, enhanced privacy and a better overall mobile experience including their ability to monetize it.
Phinge through its upcoming patented Netverse App-less technology platform with proprietary AI, will be a better, safer, verified and rewarding alternative platform and technology for users and third party businesses and developers to today's App stores, operating systems and ecosystems of Apple, Google and Android.
Netverse will not be an App or Super App that resides on the major technology platforms of today.
Instead, it will be a standalone, all-in-one, app-less platform, accessible only through Phinge's revolutionary, patented, Mobile Hardware which includes Magnetically Attachable/Detachable Phones, Tablets, Mobile Gaming Systems and peripherals like the stylish, wireless earbuds with interchangeable batteries and built-in sensor screens for continuous usage without recharging and Smart Watches that never need to be charged as they come with stylish external, interchangeable bezels with built-in rechargeable batteries and come in a variety of colors, patterns and finishes.
Netverse will be a verified, centralized-decentralized platform.
Centralized in the way it provides universal safeguards through verification of all users, businesses, organizations, entities and IP through Phinge's patented Netverse technologies and hardware.
Centralized because Phinge and Netverse will be compliant with all government regulations regarding data and privacy.
Decentralized because all thirty party platforms will be compliant with all government regulations regarding data and privacy as soon as they are verified and join Netverse.
Decentralized because its users, businesses, organizations and entities will have the power to live, work and thrive in a verified world.
Netverse will benefit all verified users and approved, verified third party businesses, developers and platforms on Netverse in ways not possible with today's technology including total verification of all users, businesses, organizations, platforms and entities.
Photos: (Click photo to enlarge)
Source: Phinge Corporation
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