The recent bull market has highlighted many emerging sectors in the space.SomethingEarn 2 Last year’s crypto market participants weren’t getting enough growth for Play & Earn games such as: Axie Infinity And mobile esports MegaFans Or like Move2EarndApps STEPN When Genopette..
These tokenized incentive structures (social tokens, NFTs, in-game currencies) are played, earned, moved and earned by the average Web3 user, and now Learn to earn..
What is Learn2Earn?
Learn2Earn, as the sophisticated name implies, is the process of learning something in exchange for rewards. From a traditional business perspective, the simplest comparison is the cost of acquiring new customers for a product, whether or not you have built an alt Layer 1, AMM Dex, DeFi protocol, or NFT marketplace.
In Web3, as in Web2, consumer attention is the real currency. In the old Web2 model, companies get the user’s attention through advertising, giveaways, partnerships, referrals, etc., the product is attractive enough, and some people stick to completing the marketing funnel and learning about the product. I was hoping for. Normal user.
However, in Web3, instead of exchanging attention for “free” with any number of attention brokers (and then sold to the highest bidders), you can get paid directly to learn about a particular product. Rewards for learning are usually provided in the home currency, tokens, or NFTs of the learning ecosystem. This provides a direct financial incentive for users to invest in their projects and helps teams survive the noise of numerous other crypto projects that are competing for your attention.
Take advantage of Learn2Earn opportunities
The first major players to integrate Learn2Earn into the incentived UX model were some of the largest centralized exchanges in the field.
in short, Acquire Coinbase Users can learn about specific coins by watching videos and completing token reward quizzes. If you have a Coinbase account, you can now learn about $ GRT and $ AMP to get a small reward for each token.
Similarly, Binance Academy If you have a Binance account, you can learn about different topics by completing the course and answering quizzes in exchange for a voucher that can be redeemed for cryptography. Binance is currently offering rewards for learning about $ KNC, $ FRONT, $ RUNE, $ XTZ, and $ WOO.
However, Learn2Earn is not limited to centralized exchanges that want to attract more retail participants to trade on the platform. This is because many ETH alternatives Layer 1 are beginning to offer tokens in return for learning more about the chain.
for example, Near the academy Experienced crypto enthusiasts will be offered a course to learn how to develop Web3dApps with the NEAR protocol and will be rewarded for completion including NFT certificates and $ NEAR tokens.
In addition, beyond the protocol level, various dApp builders are pioneering the Learn2Earn model, which overturns traditional paid learning models such as: LetMeSpeak.org – An app designed to help you learn English while earning NFT and USDC rewards.
Another example of this is the NFT Marketplace and Rarible competitors. Where now, We are building an intelligent marketplace on the FLOW blockchain.The platform is Positioned as a gateway for traditional artists to enter the NFT space, it is supported by an ecosystem that incorporates smart algorithm news feeds, ads, metaverse galleries and more.
Where is Learn2Earn The application is very novel in the sense that it allows artists to motivate the platform art lovers community to learn about the story behind their drops. Users are rewarded for evaluating art on the platform. Ratings and rewards are weighted based on the scope of previous learning. After that, the benefits can be cashed out in a dedicated in-app currency. This gives you access to a secondary market for purchasing NFTs, reselling Metaverse products and digital assets. NOWwhere is now part of the Launchpool Labs incubator and a stable web version has already been released.
Given the incentives of UX models and web3 activities, companies are trying to innovate or expand their community building and user onboarding capabilities. This is a core component of any app or dapp.
