Inside Web3 💎 | Create a use-to-earn system

Everything you need to know about use-to-earn systems for your web3 business 🌱

Hello to all,
I hope you are well :)

Mobula is still being my biggest time expense these last days, and things are really starting to become interesting!

One of the biggest insights of the week was the release of a brand new Telegram Bot, developed by our team… Mobula Bot enables any crypto project to use nice features for its community group. 🤖

Any token can install this bot and get cool functionalities that I’ll present to you next week as I’ll explain how you could also use this bot to develop your own business. 😱

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The plan of the edition:

1/ Top 5 News of the Week 

2/ The intervention of the week: No interview this week 🔜

3/ Top 3 Web3 Entrepreneurial resources of the Week 

4/ Focus of the week: How to create a powerful use-to-earn system? 💸

1/ Top 5 News of the Week

🚀 $100M new crypto and DeFi accelerator launched by Crypto.com! Cronos is a new backing program aiming at helping seed and preseed web3 startups. So many new accelerators and funds powering DeFi and blockchain-based projects!!
Solana Ventures and Ledger also launched two $100M funds to power blockchain tech!

💳 New confidential digital currency card with no-KYC to be released by Edge… Edge just announced a confidential MasterCard for Bitcoin and crypto transactions currently under development.

🦄 Crypto and web3 startups are doing great in the Tech ecosystem. More and more crypto unicorns are among the companies valued at over $1Bn, and the predictions are good to open the way to some more…

🎮 Gala games are conquering Web3 gaming with the release of an MMO and Epic Games contract! Gala Games released Battlestar Galactica and now Grit which is now accessible to more than 194 million players on Epic Games’ official store 

🛍 Salesforce announces an official NFT Cloud. using smart contracts, they aim at bringing more trust and sustainability to their solution by adding a piece of web3 to the platform.

2/ The intervention of the week: No interview this week 🔜

No interview for this week, we’ll be waiting for next week to get more advice for inspiring entrepreneurs… Stay tuned! ✍️

3/ Top 3 Web3 Entrepreneurial resources of the Week 

The best resources to build your business in web3, just for you 👊

🥇 How to become a blockchain developer in 2022

🥈 What makes an NFT project desirable? 

🥉Understanding Web3 vs Web3 Architecture 

BONUS: Web3 alternatives to Spotify, Youtube, Google, and Instagram

4/ Focus of the week: How to create a powerful use-to-earn system? 💸

One of web3's most profitable innovations might be the possibility for users to earn money while consuming a product. Play to earn, use to earn, create to earn, more and more similar solutions are emerging to encourage users to use web3 products. But beyond the financial potential for consumers, it’s mainly a very powerful tool for businesses, which can gather high-quality reviews on their products and promote their companies with such models. So we decided to implement a use2earn system with Mobula and here’s how to proceed as a web3 entrepreneur… 

That’s one of the main features of web3: the internet of value! Transforming communities into real economies has never been so simple, projects can incentive their users and monetize their contribution to the success of their business. This leads to the introduction of new systems, encouraging users to participate actively in your development with so many strategic advantages. For instance, the best way to gather a community around a common vision and mission is to federate them and involve them. People will feel like they are part of something great and that their opinion isn’t simply ignored.

Use-to-earn is essential for Mobula since the data aggregation is propelled by the community itself using our protocol DAO. As a reminder, the DAO enables us to collect, process, and broadcast the data on every possible token. As a user, one can take part in the process either by creating a request for a given crypto asset or by validating the data found by the meta protocol DAO. Every user verifying data is rewarded with $MOBL, according to its efficiency and the quality of the information provided. The process is fully win-win: the more users will help the business grow, the more the value of the utility to token will increase, and so on…

But use2earn can also be used to promote your project to other users and spread it by word of mouth. To do so, we launched a program to challenge users and invite them to take part in the venture with Mobula! Every day, they can earn some $MOBL token by taking some actions on the tool. First, one needs to connect his crypto wallet to the platform. There are 3 ways to earn tokens. The first one is referral using an affiliation link, every time someone joins the app using the link you provided, you’ll earn 25 MOBL. Then you can earn some MOBL with daily visits, mainly visits our partners' tools and simple actions performed on the tool. Finally, we reward studious users with some bonus MOBLs if they connect to the use-to-earn program every day…    

And the options for your business are numerous: learn to earn, create to earn, invest to earn… there are many ways to create efficient incentives for your community. And I strongly advise people to try and find a way to adapt one of these models to their business. It might be one of the best ways to build an “MVP”, the prototype of your product with constructive reviews on your product and other users contributing to its development and success! It’s also a powerful way to federate your users, create links between them and bring more and more consumers to try out your product!

Julian (Nomad Pirate)

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