Overview
As the world adapts to a post-pandemic life, the brick-and-mortar experience has been left behind as businesses worked to quickly focus on their digital footprint by adding new capabilities such as curbside pickup and online ordering. This has led to a decline in individuals visiting physical locations. The experience has hurt local businesses who may not have the resources to quickly digitize and put them at a disadvantage to big box retailers. In fact, foot traffic in some instances were down as much as 12.2% as recently as early 2022.
That is why our team founded explr. It was built with the mom-and-pop businesses in mind looking to quickly transition and bring back foot traffic to their locations. We want to help businesses get discovered by introducing them to an entirely new market of crypto enthusiasts who will be able to use the explr app to earn $XPLR for every visit. These tokens could then be used to purchase NFTs, unlock physical and virtual experiences, and exchange for other cryptocurrencies across the blockchain.
Our vision is to close the loop on the omnichannel experience and bring back the traditional shopping experience, while disrupting the way people shop. The explr app will bridge the gap between the digital and physical world through these rewards and lead the next retail revolution. We will become the first visit-to-earn platform across all blockchains.
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