The digital shopping era has transformed global commerce, but convenience has brought about new threats such as fraud.
E-commerce Challenges
Online shopping fraud poses significant financial risks to both buyers and sellers. According to a Juniper Research study, losses from online fraud will exceed $48 billion by 2025 due to actions like chargeback fraud and falsified reviews.
How Web3Bay Protects Users
Web3Bay leverages blockchain and smart contracts to create a secure and transparent marketplace. Key elements include smart contract escrow, decentralized identity verification, and an immutable review system.
Web3Bay's Plans and Prospects
The project has attracted significant investor interest, as evidenced by the success of its presale, which has raised over $1.4 million as of February 2025. Emphasis is placed on integrating with real-world marketplaces and expanding the utility of the 3BAY token to attract new users.
Web3Bay aims to offer a secure alternative to traditional platforms, addressing fraud issues with smart contracts and a blockchain-based review system.
