Overview
Social Market is a US-based web and blockchain development company that offers its services globally. They have worked with multiple clients utilizing blockchain technology to ensure that payments are safe and encrypted. Creating web apps and mobile apps with low-risk transactions is their forte. Deline Media not only designed a result-driven social network marketplace but also helped them manage their merchants, payments, products, and shipment flawlessly.
Challenges
Social Market is a US-based web and blockchain development company that offers its services globally. They have worked with multiple clients utilizing blockchain technology to ensure that payments are safe and encrypted. Creating web apps and mobile apps with low-risk transactions is their forte. Deline Media not only designed a result-driven social network marketplace but also helped them manage their merchants, payments, products, and shipment flawlessly.
Solution
Considering the requirements shared by Social Markt, Deline Media developed a payment gateway and payment settlement middleware between merchants and customers for their decentralized social media project. We set up a decentralized application using Solidity and implemented smart contracts on blockchain platforms, notably, Ethereum and Binance Smart Chain. We developed this social network-driven marketplace while utilizing technologies like web3js and MetaMask integrated the solution with crypto and wallets, and helped our client reinvigorate the landscape of social networking and community building.
Sales & ROI
Social Markt wanted a responsive team to handle their decentralized social media platform, and build an application that was unique, compatible at the same time, and true to their values. With the help of our provided solution, our client, Social Markt was able to generate good sales and attained the ROI after 3 months.
35%
Conversion rate
in 2022
40%
Of sales conversions
tracked across online interactions
75%
Increase in monthly
revenue
Tools/Technologies
Solidity
React.JS
Node.JS
MySQL
Conclusion
Deline Media assisted Social Markt with a decentralized social network marketplace which eventually eliminates the need for a centralized server owned by a business. This Blockchain technology has allowed our client to gain maximum control over their data.