1/ Learn & Earn is a great way to spend the bear market.
Popularized by Binance, Coinbase and CoinMarketCap campaigns, they offer rewards for learning about #DeFi or NFTs.
But two projects are bringing this concept to a new level🧵
2/ The 1st one is Rabbit Hole @rabbithole_gg
It curates high quality Web3 projects to help users learn about DeFi, NFTs and DAOs.
For example, $DYDX is currently running a campaign for $50 USD and “Quest Hedgie” NFT rewards.
3/ Every time a user completes a task, the participation is recorded on-chain to build RabbitHole Credentials.
These are soulbound NFTs proving your knowledge and experience in Web3.
It's like your on-chain CV helping 'crypto projects find the right person for the right job'.
4/ Other use cases include targeted airdrops, special access to dApps or unique roles in DAOs.
5/ To prevent Sybil attacks, every user needs to prove he is human on @BrightIDProject app.
The good thing is that the app doesn't require ID number, date of birth, or proof of address.
The bad thing is that I still cannot connect it to RabbitHole 😅
6/ RabbitHole currently has almost 28k registered users.
It seems that DAO and NFT credentials are way more popular then DeFi, maybe because DeFi tasks are more difficult?
Full data on Dune Analytics dune.com/rabbithole/Rab…
7/ @GalxeHQ is similar, yet different.
Similarly to Rabbit, users on Galxe can learn & earn while using Web3 applications.
Currently Optimism is running various tasks for NFT rewards and possibly $OP airdrop.
Arbitrum too partnered with Galxe for Arbitrum's Odyssey campaign.
8/ Also similarly to Rabbit, participation on Galxe earns you credentials that are used for:
• GalxeID - your Web3 LinkedIn
• Galxe OAT - On-chain Achievement Token
• Galxe Passport - Your Web3 Identity stored as Soulbound Token and requires KYC.
Check out my credentials 😎
9/ Galxe credentials support not only on-chain data, but also off-chain records, such as Twitter or Discord accounts.
For example, most of Optimism Quests will require you to follow Optimism projects on Twitter to receive NFT rewards.
10/ Overall, learn & earn apps help projects to bring new users to a #Web3 world where there are no app stores, targeted Facebook ads or email marketing.
It's a win for crypto users, who can earn rewards while learning something new.
Best activity during this harsh bear market!
11/ But these two apps went a step further by creating on-chain credentials system in form of soulbound tokens.
To understand why #SBTs are important, check my thread below.
It's actually shameful that I missed these two projects in my original thread 😅
Did I miss any Web3 Learn & Earn app? Let me know in the comments or feel free to send a direct message.
Follow me @DefiIgnas for more.
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