eComm News Round-Up | Twitter’s Logo Update, Meta’s New AI Model & Metaverse waves in E-commerce & | 07 April 23
Welcome to another edition of eComm news on Webtopia! Once again, we have plenty of stories to keep you informed.
This week read up on…
Twitter Updates Logo to Dogecoin Cryptocurrency Meme Without Clarification
Twitter users were left puzzled when the iconic blue bird logo on the platform's homepage and loading screen was suddenly replaced with the shiba inu image linked with Dogecoin meme cryptocurrency, in a humorous yet enigmatic incident. Despite the uproar among users, both Twitter and Elon Musk remained silent about the unexpected alteration for several hours. The situation was further complicated by a separate bug in Twitter's interface that made it impossible to determine which tweets had been retweeted onto users' timelines, adding to the confusion.
Read what inspired Musk for the sudden change!
Global Surveys Show Metaverse Making Waves in E-Commerce Industry
The global metaverse market is expected to reach $993.86 billion by 2030 with a compound annual growth rate of 43.20%. A recent survey by BigCommerce found that 46% of consumers are willing to shop on the metaverse, and 51% are interested in buying both virtual and physical goods. The metaverse has enormous potential to bridge the gap between digital and physical shopping experiences, leading to an exciting new era for e-commerce.
All things METAVERSE!
Demystify the Sometimes Murky World of Affiliate & Influencer Marketing
Get ready to dive into the exciting world of Affiliate and Influencer Marketing with the Arlen Robinson! As the founder of OSI Affiliate Software and a 20-year veteran in the industry, Arlen has a wealth of knowledge to share. In this episode, he breaks down the difference between affiliates and influencers, shares tips on finding the best ones to work with, and much more. Whether you're a seasoned marketer or just starting out, this podcast is a must-listen for anyone interested in demystifying the world of Affiliate and Influencer Marketing
Tune in and get ready to learn from the best in the business!
As Checkout Becomes a Competitive Advantage, Headless Commerce is on the Rise
The headless commerce space is becoming more competitive as businesses recognize the benefits of decoupling front-end and back-end functionalities. Established eCommerce platforms like Shopify, Magento, and BigCommerce are offering headless commerce options, while newer platforms like commercetools and Elastic Path are gaining traction with their component-based agility. These solutions help eCommerce sites adapt quickly to changing trends.
Meta Introduces an AI Model for Object Detection and the Largest Dataset of its Kind
Meta's research division has announced the development of a new object recognition model called the Segment Anything Model (SAM), which can detect objects within images and videos, even if it has not been previously trained on them. Users can select objects using text prompts or by clicking on them. During a demonstration, SAM was able to precisely draw boxes around several cats in a photo in response to the written prompt.
The E-commerce Market for Fitness Products is Poised for Substantial Growth
The Global E-Commerce Fitness Products Market is undergoing a comprehensive analysis, evaluating its potential growth and market dynamics. The report covers the impact of COVID-19 on the industry and provides a strategic analysis for companies in the sector. Additionally, the report features a PEST analysis, growth factors, major challenges, market entry strategy analysis, and opportunities and forecasts. The report focuses on the leading 20 countries and introduces their market potential for the E-Commerce Fitness Products industry.
That's it for this week's roundup, folks. Stay tuned for more exciting eComm news from Webtopia!
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