Quicknode

April 28, 2023 — 4 min read

Snag Solutions is on a mission to empower creators by enabling them to own their marketplaces, maintain users on their platforms, and enforce royalties. Through an immersive digital experience, Snag Solutions aims to support the growing creator economy in the web3 space. In today's Feature Friday, we're excited to share an insightful Q&A with Zach, Co-founder, and CEO of Snag Solutions.

Zach's experience as an early leader at DoorDash, where he spearheaded sales strategy and developed new products, has prepared him for his current role at Snag Solutions. The company began with its first partner, Goblintown, in September, and has since grown to over 50 partners while refining their core product. They are now focusing on developing loyalty and social products to help partners offer value to holders and enable project-specific peer-to-peer trading in their marketplaces.

Learn more about Snag Solutions

Q&A with SnagSolutions 👇

Pourriez-vous vous présenter en indiquant votre nom, votre parcours professionnel et votre poste actuel au sein de votre entreprise ? Pourriez-vous également expliquer brièvement la mission de votre entreprise et ce qu'elle propose à ses clients ?

I'm Zach, Co-founder and CEO at Snag Solutions. I was an early leader at DoorDash, leading sales strategy and building out new products as an intrapreneur, including leading our white-label restaurant business. Our mission at Snag Solutions is to help creators take control of the buying experience by owning their own marketplace to keep users on their platform and enforce royalties. We're building tools to help partners build an immersive digital experience.

Comment votre entreprise a-t-elle évolué et s'est-elle développée depuis sa création, et quels sont vos projets pour son avenir ?

Since our first partner, Goblintown, launched in September, we've grown to 50+ amazing partners and built a strong core product. We're currently working on our loyalty and social products that solve the puzzle for partners trying to drive growth by providing value to holders, and have project-specific peer-to-peer trading coming to our marketplaces soon!

Dans l'univers du Web3, quelles sont les tendances les plus marquantes que vous observez actuellement ? Selon vous, lesquelles vont prendre de l'ampleur dans les années à venir ?

Blur has taken market share via token rewards and reduction of royalties, hurting both creators and the space at large. We've noticed an increase in wash-trading along with a shift away from 'collecting' as a core use case. Creators are fed up, and have expressed the need to control their revenue.

We believe that in the future, 80%+ of creator smart contracts will be upgradeable and include logic to help enforce + incentivize royalties. Creators need full control over their revenue model and control over the trading experience. Web3 was built off of the creator economy and the ability to support revenue. Things will swing back.

What inspired you to develop SnagSolutions, and how did you conceive it?

I was leading the DoorDash white label business building new tools and services to help large brands like Chipotle and Panera run pickup + delivery through their own app & website when I redpilled into NFTs. After flipping a monkey JPEG and sending several thousand dollars to OpenSea for not a whole lot of value, I saw the opportunity to build the same business in Web3.

Is there a new feature of SnagSolutions that you find particularly exciting or noteworthy?

V2 of our social product is launching in the next few days, which enables holders to access feeds with project announcements and community posts with trading posts and marketplace activity to follow!

NFT communities see a ton of fragmentation, so we're solving for social + trading use cases as part of our native marketplaces, while standing up a secure 'single source of truth' for communities.

Can you provide insight into Snag Solutions' progress by sharing any metrics or milestones indicating its traction?

We have 50+ partners, including ApeCoin DAO, Goblintown, The Plague, and Genuine Undead, with many top names in the pipeline! We're seeing up to 20% of our top partners' listings go through their dedicated marketplaces, and continue to see strong volume come through fiat checkout from partner communities.

Comment votre entreprise utilise-t-elle Quicknode, et quels avantages cela apporte-t-il à vos activités ?

We're not set up with Quicknode quite yet, but we are thrilled to use the credits from the hackathon to get started!