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Hello dear Clubbers! We are here again with more exciting news. A long time ago, the founders decided to focus on the development of more functionalities for Clubs to keep empowering creators with web3-superpowers. Given that vision encompassed by a dedicated product and business team, today, we can proudly release the first cycle of core features for Clubs.
Following our user-centric approach for development cycles, the introduced features are the result of carefully listening to creators like you! That is why most of them are associated with monetization (ticketing), community interactions (posts), and payment support (Crossmint and Veritrans). Do you want to know more? Do not worry about it. In the following paragraphs, we will do a deep dive into them!
Given the uprising after the pandemic, the event ticket industry has experienced a growth from 2022 to 2023 of around 25% with a projected revenue of 77.53bn USD in 2023. However, the other side of the coin has shown that scams are a typical practice in this industry. With over 3.3bn USD of losses reported in concert ticket scams, the industry's second-largest segment. If there was only a way to empower creators with a monetization feature that included tickets selling in a safe and secure manner. Oh, wait! That feature exists, it is called Ticketing. It is a new functionality that allows creators to offer access to online, on-site events, short- or long-term priority admission, or anything else that the creative brains of our user occurs. The best part is everything happens in the same DEV protocol infrastructure, which says “Sayonara” fraudulent scammers.
Similar to a conventional social networking service, the Posts feature enables users to engage with contributors and community members by replying to articles and photographs with emoji reactions and comments. Clubs’ users can install the plugin, which can take up to 3 minutes to do it. Currently, there are 9 emojis to react to a post (👍🏼 🎉 ❤️ 🚀 🙏🏼 👏🏼 🔥 🤔 👀), but in the near future, more will be added up or even personalized. (Shigetaka Kurita, the emoji’s father, is smiling right now).
As many users want to support the work done by their favorite creators, the product team installed an easy-to-use payment gateway plugin called Crossmint. The gateway encrypts the card details, carries out fraud checks, transfers the users' information and transaction details to the creator's acquirer, and charges the issuing banks the target amount. All the mentioned steps took around 7 seconds to happen! Also, given Clubs transcend the boundaries of the known geography, multiple currencies are supported. The product team developed an integration of different payment providers to support fiat payments when buying memberships.
As there are around 2.5 credit cards per person in developed countries and 21,510 transactions per second, Clubs would be crazy not to have supported payments with credit cards (CC) to buy memberships. That is where VeriTrans integration comes into play. In Japan, DG Financial Technology, formerly VeriTrans, has plenty of experience working with a variety of online retailers, so it was logical to be selected as our credit card payment provider.
The process is everything except complicated. The membership buyer needs to introduce some basic information to switch to a credit card payment. Once the payment is completed and a few minutes later, the item will be successfully minted.
NOTE: VeriTrans is not open to the public as Crossmint. It requires a creator's request to the DEV team to start using it.
DEV Protocol team has the creators at its core, so we will keep developing more features that provide them comfort, safety, and fun. If you find the functionalities of the first development cycle, you will drop out of your chair when the second arrives!
The Dev Protocol team
