WCT Application in Decentralized Handicraft Trading Platform
WCT has started to be applied in decentralized handicraft trading platforms, where artisans can stake WCT to obtain on-chain certification of their works (enhancing credibility). Buyers pay WCT to purchase works, and the platform takes a 3% transaction fee to reward the top ten artisans of the year (distributed in WCT). After integration with a certain platform, the premium rate for handicrafts increased by 20%, the rate of transaction disputes decreased by 80%, and WCT payment accounted for 40%. The handicraft trading application allows WCT to play a role in the intangible cultural heritage sector, utilizing blockchain technology to protect the creative rights of artisans.