Sunday, June 23, 2024

Project introduces Avalanche’s curating ecosystem like Pinterest for Web3.

P2E (play-to-earn) through AXS (Axie Infinity) and its offshoot M2E (move-to-earn) gaming have been rising throughout 2021 through the channel STEPN (GMT). Now another earning through game model has been launched to take advantage of Web3 elements. It plans to use current Web2 frameworks. The CurateDAO team announced the launching of a database platform like Pinterest. It will be available on the blockchain network Avalanche (AVAX). Users will earn rewards in the form of crypto tokens when they perform tasks.

A variety of roles will be available in the ecosystem of the project. The participants will include the curators who can mint. They can also set database rules. A scout will be a part of this project as well. The task for the scout will be to find and submit content that meet the rules of the database. Even viewers who check the content and participate will be part of this ecosystem.

The curator in it can be any individual, a DAO (decentralized autonomous organization), or an AI (artificial intelligence) program such as GPT-3. All of them including the scouts will earn as viewers purchase the content, or access it after viewing the advertisements.

The CurateDAO team thinks the incentives for curation will help gather the best quality data. CurateDAO founder Michael Fischer said the project can be used to acquire content generated by users in the same way it works with Web2 applications.

Gaming companies working in the Korean ecosystem of gaming have been exploring ways to take advantage of blockchain. They want to develop the game and then launch the token, while other companies give priority to the token.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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