Decasonic Digest

Issue 2

June 21, 2023

Welcome to Decasonic's bi-weekly newsletter! Join us as we delve into the depths of industry insights, explore top-of-mind perspectives, and share about upcoming events and initiatives.

The Next Frontier in Online Shopping: Unlocking New Possibilities with AI and Web3

From Clicks to Experiences: Revolutionizing the E-Commerce Journey

E-commerce has hardly changed since the inception of the internet. What we refer to as Web 1.0, became available to the public in 1993 and the first e-commerce site that allowed for online purchasing via credit card, NetMarket, was launched just 1 year later. NetMarket sold a variety of CDs and books in a very static interface.

Today, our shopping experience is still very static and follows the same burdensome steps as NetMarket did in 1994:

  1. Open browser

  2. Search for item(s)

  3. Imagine the 2D product photos in your life

  4. Read the product description for more information

  5. Compare products on costs

  6. Sign into account

  7. Add to cart

  8. Enter payment details

  9. Enter Shipping information

  10. Check out

Even after more than 27 years, traditional e-commerce platforms still live in 2D catalogs. They have yet to incorporate not just the multimedia components we come to love in our current internet, but also the emerging immersive and interactive elements that truly engage online shoppers. The current state of e-commerce has led to a staggering 79% of customers abandoning their online shopping journey by the time they reach just the third page.

A transformative moment is on the horizon for e-commerce. The convergence of blockchain and AI technology will revolutionize the industry, ushering in enhanced e-commerce experiences, driving revenue for businesses, and deepening consumer-brand relationships.

This shift in the e-commerce landscape will be driven by three core use cases that utilize blockchain and AI technology, fundamentally reshaping the way we experience online shopping:

  1. Commerce Co-creation

  2. Proof of custody

  3. Immersive e-commerce

Top of Mind

  • Disrupting the Workforce and Unleashing New Opportunities: Founder of Decasonic, Paul Hsu, delves into the transformative potential of generative AI and its impact on job markets. Read his insightful LinkedIn post here.

  • From Celebrities to Web3: Marketing Manager, Grace Casey, explores how prominent figures like Paris Hilton, Lindsey Lohan, and now Snoop Dogg are venturing into the world of Web3. Discover more in her article here.

  • Unveiling the Treasure Trunk: Venture Investor, Lauren Tierney, sheds light on LVMH’s latest foray into the #web3 realm with the intriguing Treasure Trunk. Find out more about this exciting development in her post here.

  • The Fusion of AI and Blockchain: Venture Investor, Danny Pantuso, shares his insights on the powerful convergence of AI and blockchain technologies, and the potential benefits for trust, transparency, and efficiency. Explore his thoughts here. 

Where to Find Us

Chicago Web3 Investor Day | July 20th

Decasonic’s 2nd annual Web3 Investor Day is quickly approaching on July 20th. This is a unique invite-only opportunity to convene, network, and collaborate with a select group of prominent capital allocators, family offices, endowments, and builders who are blazing trails in web3. The event comprises panel discussions, fireside chats with top web3 leaders, interactive workshops, and top-tier founder pitches.

Learn more about the event here.

Thanks for reading!

Follow Decasonic on Twitter and LinkedIn for daily insights on the web3 ecosystem, Decasonic happenings, and beyond.

Are you or someone you know building in crypto or web3? Get in touch with the investment team here.

 The content of this newsletter is strictly for informational and educational purposes and is not meant to constitute investment advice, or a recommendation or solicitation to buy or sell any asset or to make any financial decision. Nothing in this newsletter should be considered legal or tax advice. You should consult with your own professional advisor before making any financial decision. Decasonic offers no warranties on any content in the newsletter, including that it is accurate, complete, or correct. The opinions expressed in this newsletter are those of the authors and do not necessarily reflect the views of Decasonic. Decasonic is not liable for any errors or omissions in the content of this newsletter or for any actions taken based on the information provided herein.