Fiber is an AI-powered shopping protocol on Solana that connects consumers, retailers, and token projects. It allows users to earn cryptocurrency rewards from over 10,000 integrated brands while providing retailers with AI-driven insights for sales optimization and personalized customer engagement.
Funding
Funding not disclosed
Founders
Product
Problem
The current e-commerce landscape lacks a unified protocol to seamlessly integrate blockchain-based rewards and AI-driven personalization for consumers, retailers, and token projects. This fragmentation limits the utility of digital assets within retail ecosystems and hinders retailers from leveraging advanced analytics to optimize sales and customer engagement.
Solution
Fiber is an AI-powered shopping protocol built on Solana that bridges the gap between traditional commerce and the decentralized economy. It enables consumers to earn cryptocurrency rewards by shopping at over 10,000 integrated brands, with rewards often distributed in the form of their preferred project tokens. For token projects, Fiber provides a mechanism to offer tangible utility to their communities by incentivizing shopping activity. Retailers benefit from an intelligent layer that leverages AI to analyze user spending patterns and preferences, facilitating optimized sales and personalized customer experiences.
Target Audience
The primary target audience includes consumers seeking crypto rewards for their shopping, token projects looking to provide real-world utility to their communities, and retailers aiming to enhance sales through AI-driven personalization and blockchain integration.
Features
- Protocol for tokenized shopping, enabling users to earn crypto rewards from partner brands.
- Integration with over 10,000 retailers, offering a broad selection of shopping opportunities.
- Token project staking mechanism to automatically reward communities based on shopping activity.
- AI-driven sales optimization for retailers, analyzing on-chain, online, and offline spending data.
- Future capability for AI agents to conduct shopping on behalf of users, earning rewards.
- Wallet connectivity for secure participation and reward redemption within the ecosystem.
- Support for staking native tokens to access gated rewards and premium ecosystem features.