PR | 12 minutes
1 Apr 2022
1 Apr 2022
Web 3.0 PR – Everything You Need To Know
Much like all facets of technology, it’s not a surprise that the internet itself is constantly shifting, changing, and updating. When navigating this new space, advertising, and marketing new products and services, a lot has changed. Web 3.0 PR contains some of the core elements of Web 2.0 PR but deviates at key moments to reframe the strategies that you’ll need.
Web 3.0 is an exciting new iteration of the internet, with this new technological advancement bringing a whole new ballgame to the world of public relations. With changing strategies, new technologies, and alternative channels to target, it can be hard to know where to begin. Don’t worry, we’ve got you covered.
In this article, we’ll be exploring everything you need to know about web 3.0 PR, walking you through exactly what it is and detailing exactly how you can launch successful campaigns.
Let’s get right into it.
Web 3.0, also known as Web3, is the third generation of the internet, succeeding web 1.0 web 2.0. While Web 3.0 is not yet fully integrated into the world to the extent that web 2.0 is, the rapid progression of blockchain technology is making waves in the tech scene.
Each iteration of the internet has a few key characteristics. While each iteration is then supported by distinct technology, with blockchain being the unifying technology that lies behind web 3.0, they are more easily defined by the attributes that they demonstrate, rather than any particular technological advancement.
For example, let’s break down each of the iterations by explaining the thought process and typical ideas that exist behind each one of them.
Each one of these iterations works over the same medium, which is why a user never has to change the way they access the internet as they move through different iterations of the internet.
When looking at the key pillars of web 3.0, users will find that it is about:
As we continue to move into further development of web 3.0 and more companies arise, we’re now getting to a point where companies are actively structuring web 3.0 based PR campaigns. Let’s discuss exactly how these form and the best practices for them.
Web 3.0 PR is any public relations efforts that are run for a web 3.0 company or which uses web 3.0 tools to create public awareness. An example of the former would be a new web 3.0 company that wants to advertise to the masses, and thus launches web 3.0 PR campaigns to make sure that people know what their product does and why it’s important.
An example of the latter would be advertising within virtual spaces inside of meta-verse worlds, which is becoming more of a popular practice within non-invasive advertising spaces.
Effective Web3 PR campaigns are the central difference between projects that gain traction, funding, and followers and those that fizzle out into nothing. Strong campaigns can vary in style, especially as we enter into this recently developed segment of public relations.
When considering the most common characteristics of Web 3.0, several different potential projects come to light. If an organization is looking to release a Web 3.0 project, its business model will often fall into one of three areas:
Let’s break these down further.
An NFT is a digital asset that’s verified by a smart contract on the Ethereum blockchain. Created by ERC-721 Tokens that no one can duplicate, an NFT could be absolutely any digital medium.
For example, digital artwork is perhaps the most common form of NFT, with this total market being worth $17 billion. However, alongside this asset class, almost anything that’s online could be made into an NFT.
A great example of this is when the confounder of Twitter, Jack Dorsey, sold the first tweet from his account on Twitter for a total of $2.9 million USD. This just goes to show the fervent market that has surrounded this pillar of Web 3.0.
Most typically, if you’re launching an NFT PR campaign, you’ll be launching a digital collection. An NFT really can be anything – just look at this NFT gif:
GameFi is an industry that has arisen from the intersection of gaming and blockchain. A GameFi project incorporates elements of finance, letting players earn digital currency that can be sold on decentralized exchanges.
In combining these two fields, GameFi has reached a total valuation of 3.6 billion USD. It provides a unique experience to gamers while also enticing players into their games by offering NFTs and other digital assets for doing well.
When launching a GameFi PR campaign, public relations campaign managers need to create a balance between pulling from blockchain PR and Gaming PR strategies. This makes it an interesting challenge that has Web 3.0 initiatives at its core.
Stemming from GameFi but being much more specific, play2earn projects revolve around the central function of being rewarded every single time you play a game. Instead of playing a video game for experience points, you’re playing for streams of digital money. Most of the time, these scale with the level, meaning the more you play, the more you’ll be earning.
Play2Earn has completely shifted the gaming industry, providing a third answer to the normal free-to-play or pay-to-play gaming experience. This format has seen a huge uptake in Web 3.0, especially as it focuses on aspects of rewarding users for participating instead of charging them to participate as Web 2.0 gaming has done.
Equally, the development of 3D gaming has led many Play2Earn experiences into the metaverse, with whole societies and communities built in imaginary worlds. Much like GameFi, Play2Earn PR typically follows a blend of tactics found in blockchain marketing and gaming communities.
Digital PR supplanted traditional forms of PR as the go-to strategy that all public relations managers are familiar with. However, with the rise of a new international of the internet, tactics have had to shift and change to reflect the principles that Web 3.0 holds at its center.
The major changes that have impacted PR strategy as we shift into Web 3.0 are:
Let’s break down these changes to a greater extent:
Even in Web 2.0, the rising desire for personalization amongst consumers has been steadily rising. The reasons for this are fairly clear to realize; after all, who would want to receive an advert for something they have no interest in, compared to something they’ve been actively searching for the past few weeks.
In fact, 77% of consumers feel actively frustrated when they get advertising content that isn’t related to them whatsoever. Personalization has been taken to the extreme within Web 3.0.
The paradigm of large tech companies owning absolutely everything posted on the internet within 2.0 is starting to crumble down. Especially when it comes to social media sites where users are not rewarded for their content (even if it goes viral and draws millions of people into the content), people are fed up with these systems where they’re never set to benefit.
One of the central pillars upon which Web 3.0 stands on is user-owned content. It wants to reverse the middleman system within which the content creators never benefit from their own creativity.
Platforms where users are paid when their data is used, or where their social content rewards them, or where they own everything they create are examples of web 3.0. Due to this, when pushing Web3 PR campaigns, you need to make sure that the story you’re telling highlights how the user benefits from your services.
Web 2.0 was about individuals and large platform systems. Web 3.0 is about communities working together to achieve a more balanced and accessible internet space.
Yet, an important measurement is knowing exactly where to focus your community efforts. For example, both GameFi and Play2Earn PR strategies rely heavily on gaining community attention. But, if you were to launch a campaign using spaces like BusinessInsider, there would be a complete mismatch between your project and the community that you’re targeting.
Combining with the desire for personalization, you need to make sure that when targeting community engagement, you focus on the correct channels to make sure the right people are finding your campaign.
At its core, Web 3.0 is possible due to blockchain technology. Part of relying on blockchain means that PR managers must adapt their focuses to match the key ideas of this technology ecosystem. One of these core ideas is transparency, with authenticity becoming a central factor that can make Web 3 public relations campaigns sink or swim.
When crafting your campaigns, be sure to place authenticity at their center. You want to make sure that you stick to any promises that your campaigns detail. Many companies have found success by outlining their whole business model propositions for the future. Equally, DAO (decentralized autonomous organizations), where communities actually lead projects through governance tokens, has become a great way to make sure a project is completely fair, transparent, and led by the community.
In Web 3.0 PR, you won’t get very far if you’re not open, honest, and ready to stick to what you announce in your campaigns.
While not all Web 3.0 campaigns need to make use of the MetaVerse, it does send a message to your potential future users that let them know you are on the same page as them when it comes to technology.
Instead of moving to digital media advertising platforms, you can start to create and distribute non-invasive advertisements on metaverse platforms. Depending on the type of project you’re looking to release, you could even put your advertisements into Play2Earn game arenas, directly talking to the community that you’re trying to engage with.
There are a range of reasons that people join the MetaVerse, varying depending on what exactly they’re looking for within this space.
The age of Web 3.0 PR is all about thinking outside the box.
Perhaps the most pressing issue that is currently facing Web3 PR is a staggering lack of data. As it is still very much early days on this public relations strategy set, it’s hard to define the best possible metrics or avenues that you could use for your business.
Due to this, Web 3.0 or campaigns typically have a much greater amount of trial and error at the start of them than digital campaigns. With this, the impacts of campaigns could take a few extra weeks or months to become visible.
As Web 3.0 PR continues to grow, this problem will eventually become a faucet of the past. Equally, with this main downside, you’re also getting all of the benefits that can be associated with web 3.0 PR strategy, like more creative freedom, better circumstances for users, and more user-driven content.
When launching a Web3 PR campaign, whether that be with the help of an agency or by yourself, there are several elements that you should remember to include. The inclusion of these will ensure that your campaign is as targeted as possible, reaching the correct audiences and having a large impact.
By following these general guidelines, you’ll be well on your way toward creating a successful campaign. If you’re not too sure where to begin, then we recommend that you contact a Web 3.0 PR agency. With their expert help, you’ll be able to benefit from years of experience and know that you have a competent team leading your campaign.
While Web 3.0 is perhaps one of the most pressing formats of public relations where it would be pertinent to hire a team, there are steps you should take before starting to reach out to professionals.
Before moving to an agency, you should always make sure that your business has already invested in itself. What we mean by that is if a business comes to an agency looking to spend thousands of dollars on PR but doesn’t have a well-designed web page, an active blog, great copy, or strong on-page SEO, then the foundations upon which you will build the campaign on will be unbelievably weak.
The very first thing you should do before you turn to a Web 3.0 PR agency is to ensure that your site is actually pushing money into making sure the product that you’re going to be advertising is as effective as possible. That includes your company’s personal branding. You need to make sure that your company is recognizable, with a consistent company voice throughout.
Equally, you should aim to invest in a blog for your site. Blogging is a fantastic way of getting your company out there, as well you be able to organize and execute an SEO campaign in order to rank for keywords that are important to your project. For example, a MetaVerse game that wants to use Web3 PR should first spend time blogging about the gaming industry, common trends, and what to look out for.
Creating a foundation that is as strong as possible is one of the best ways that you can ensure your PR campaign goes off without a hitch. By creating a strong company brand, website, and story, then the PR campaign will have a springboard to launch from, going further and faster than would have previously been possible.
Web 3.0 PR is an exciting foray that will only continue to become more important as the technology running it becomes more advanced and more people catch on to this new phenomenon.
If you’re looking for expert help with your upcoming Web3 public relations campaign, then book a free consultation with our team. With years of experience, we’ll be able to guide you towards the very best quality campaigns, ensuring your launch is a flying success.