THE DAILY ENCRYPT

October 3, 2022

Pinterest Makes a Move into Web3 With Avanlanche’s Ecosystem

CurateDAO created an Avalanche-based platform called "curate to Earn" where participants can make money by contributing to databases....
Photo by Dima Solomin

CurateDAO created an Avalanche-based platform called “curate to Earn” where participants can make money by contributing to databases.

Play-to-earn gaming (P2E), which is expected to rise in 2021, has been promoted by Infinity ( ) and an offshoot called Move-to-earn. Another variation of the “to Earn” model is launched to add Web3 elements to existing Web2 frameworks.

The CurateDAO team announced to Cointelegraph that they have launched a Pinterest-like platform for data collection on the Avalanche ( AVAX ) blockchain. Users can earn crypto tokens by completing tasks, similar to other “to-earn” models. Participants are required to contribute their curated lists to project’s database.

There are many roles in the ecosystem. These include curators who will create and maintain rules for the database. A scout will search for and contribute content to the database rules. Viewers who look at the content will also be involved.

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A curator could be an individual, an decentralized autonomous organisation (DAO), or an artificial intelligence program (AI) like GPT-3. As content is purchased or accessed through advertisements, they will also earn.

They believe that curation can be incentivised to increase data quality. CurateDAO founder Michael Fischer said that CurateDAO will help users acquire content using a familiar Web2 method.

Cointelegraph was told by Anthony Yoon, an executive from ROK Capital, that blockchain gaming is a great fit for the Korean gaming industry. Yoon said that some Web2 gaming companies are seeking ways to get into the blockchain. Yoon suggests two approaches: one, develop first, then launch a token later; and, the other, prioritizing the token and then launching it.

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Jeffrey Zirlin, executive at Axie Infinity, told Cointelegraph that the company is working to expand their efforts in reaching the South Korean gaming community. Zirlin said that despite the ban on P2E gaming in South Korea, they are still looking at ways to adapt the game to their region.

Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".
Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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