Pinterest for Web3: Project launches curation ecosystem on Avalanche
With play-to-earn (P2E) gaming rising in 2021 via Axie Infinity (AXS) and an offshoot referred to as move-to-earn (M2E) gaining fame via STEPN (GMT), one other variation of the “to earn” mannequin launches in an try to convey Web3 components to present Web2 frameworks.
In an announcement, the CurateDAO workforce advised Cointelegraph that they’ve launched a Pinterest-like database platform on the Avalanche (AVAX) blockchain. Much like different “to earn” fashions, customers may be rewarded with crypto tokens for performing duties. On this case, the duty given to members is contributing their curated lists to the mission’s database.
There are completely different roles throughout the mission’s ecosystem. This contains curators, who will mint and set guidelines for a database, a scout who will discover and contribute content material that aligns with the database guidelines and viewers who take part by trying on the content material.
The curator may be a person, a decentralized autonomous group (DAO) or a man-made intelligence (AI) program like GPT-3. They are going to earn together with the scouts as content material will get bought by the viewers or accessed by watching ads.
The workforce believes that incentivizing curation will result in high-quality information being amassed. Michael Fischer, the founding father of CurateDAO, stated that the mission will probably be helpful in buying user-generated content material in a well-known Web2 utility method.
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On the Korea Blockchain Week, Anthony Yoon, an government at funding agency ROK Capital, advised Cointelegraph that blockchain gaming is an effective match for the Korean gaming ecosystem. In response to Yoon, some Web2 gaming corporations are on the lookout for methods to enter the blockchain with one method being a develop first and launch a token later, and the opposite prioritizing the token after which launching the token.
In the identical occasion, Axie Infinity government Jeffrey Zirlin advised Cointelegraph that their workforce is seeking to enhance their efforts in penetrating the gaming group in South Korea. Regardless of the ban on P2E video games within the nation, Zirlin famous that they’re on the lookout for methods to tailor the sport to the area.
