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Exploring Marketer Familiarity with Wallet Messaging: State of Wallet Messaging Series, Part I

Ariana Layton
December 7, 2023

Wallet messaging is changing web3 customer engagement — and, at a much faster pace than you probably imagined.

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In our groundbreaking State of Wallet Messaging report, we surveyed almost 200 marketers across numerous industries to gather insights on wallet messaging — a new technology fundamentally changing the way brands connect with web3 audiences. 

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The bottom line is this — visionary marketers are embracing wallet messaging, marking a pivotal moment in the evolution of communication strategies. 

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It’s safe to say that wallet messaging is the marketing channel of the future. 

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How familiar are B2C marketers with web3 wallet messaging?

Wallet messaging only recently became a reality for crypto users in the web3 ecosystem. Formerly, users were isolated from one another, and brands struggled to connect with their customer base.

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This summer changed that narrative. At Holder, we partnered with XMTP, a secure web3 messaging network and protocol. Our strategic partnership empowers web3 brands and creators to seamlessly communicate with their community members (you can get started for free with us). 

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Although wallet messaging is still an emerging communication channel, we found that more than half of marketers are familiar with it. This surprising statistic led to one major takeaway — marketers are turning to innovative channels to create exceptional consumer experiences. 

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Our findings revealed that over 67% of B2C marketers, spanning from both web3 and traditional realms, are acquainted with it.  

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A few major industries exhibited a higher degree of familiarity with web3 messaging. About 85% of marketers surveyed from the food and beverage industry are familiar with wallet messaging, 82% of web3 brands, and 75% of automotive marketers are familiar with the concept of wallet messaging. 

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Notably, key figures within these sectors quickly emerged as prominent pioneers in the early adoption of web3, initiating numerous NFT projects and on-chain loyalty programs (including but not limited to Starbucks, Porsche, Mercedes-Benz, PepsiCo, Coca-Cola, etc.). This proactive engagement may have played a role in cultivating their understanding and acquaintance with concepts with web3 and wallet messaging.

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Download our full ‘State of Wallet Messaging’ report to see more data across various other industries. 

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What did communication in the web3 ecosystem look like before wallet messaging?

Regardless of a marketer's familiarity with wallet messaging, envisioning a communication channel integrated into the web3 community is easy — today, nearly every brand incorporates some form of direct messaging.

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Before wallet messaging, the web3 landscape was nearly the only community that lacked a communication channel.

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To say the very least, the need for wallet communication was dire — users needed a native way to connect with other users. 

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Because users and brands lacked a common communication channel for so long, it resulted in individuals creating unconventional, ineffective methods to reach other wallets.

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Web3 users use to communicate through airdropping spam NFTs, sending messages on centralized platforms such as Etherscan, spamming X (fka Twitter), and utilizing Discord direct messages.

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In a web3 landscape where community is paramount, the inability of brands to connect with their communities was a glaring deficiency. 

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Fortunately, Holder empowers brands and creators to efficiently connect with their audiences. Initiate impactful communication with your web3 community through wallet messaging — get started for free! 

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