4 Web3 projects to make money with real-world activities

The idea behind the concept of Web3 is to involve users in building decentralized products and services and reward them according to their contributions.

Therefore, Web3 is a concept that has emerged from the development of blockchain technology and the cryptocurrency market. As the history of Bitcoin (BTC) has shown, maintaining a stable and secure decentralized network requires that financial network participants receive financial incentives. Only in this way can you be motivated to use high quality and effective services.

To reward users of the Bitcoin network for their good services, Satoshi Nakamoto created a financial incentive mechanism that promotes competition between entities that keep the system running smoothly and is paid for as a token.

In the case of Web3, user participation goes beyond validating transactions and maintaining network security as in the Bitcoin blockchain. Web3 protocols offer rewards to users who participate in initiatives that add value to the ecosystem. Product and service development, governance decisions, providing liquidity for decentralized financial services (DeFi), or providing data storage disk space.

In short, there are many ways to help the Internet grow and consolidate in the new era, and there are new ways to come. Until recently, participation in such activities required a certain level of knowledge about blockchain technology or financial systems, which limited access to ordinary citizens without specialization in these specific areas.

This year, however, a new trend is emerging in the cryptocurrency industry. It promises to make Web3’s financial incentives available to a wider audience, as the prizes are distributed through specific actions that take place in the real world.

Next, Cointelegraph Brazil It presents four projects that offer mechanisms to help anyone in the construction of a decentralized Internet, taking direct advantage of the networking effects of Web3. And most of all, make money.

Hivemapper (HONEY)

It is a platform that aims to build a geolocation system that is an alternative to centralized services that track the movements of users like Hivemapper, Waze, and Google Maps.

To do this, they focus on citizens around the world who are willing to install a special camera in the car and map the streets of the city while driving. As they help build a decentralized world map, users are rewarded with HONEY, Hivemapper’s original token.

In order to use the service, it is necessary to purchase a dashcam directly on the project website at a cost of USD 449 (approximately R $ 2,150). São Paulo is currently the only Brazilian city in which the company sends equipment.

Once you’ve received your camera, simply install it in your vehicle and connect it to an app that can be downloaded to your user’s mobile phone and start driving around the city earning HONEY, while Dashcam automatically transfers images collected to the Hivemapper network.

Helium (HNT)

Helium allows you to make money by installing a hot spot to distribute a long-range Internet signal that anyone in your possession can connect to through Helium LongFi.

Basically, buy one hot spot, start up. Each time someone connects, the owner of the equipment is rewarded with HNT. Since its launch in April 2020, the token has gained nearly 20,000%, according to CoinGecko data.

There are several models hot spots Properly licensed from the company, which can be purchased online, through the official website of Helium. They cost an average of $ 600 (approximately R $ 2,890).

The project already has more than 700,000 hotspots in operation in more than 47,000 cities worldwide. Many of them in Brazil, as you can see in real time in Helium Explorer.

A Brazilian user maintains a website dedicated to the Brazilian Helium community, where interested parties can get more information about the project and even receive a request. hot spot free.

Superlocal (LOCAL)

Superlocal aims to build on Web3’s Foursquare, encouraging users to post their favorite places to reward the platform’s original token, LOCAL.

Take a picture and check it through the app. The message passes through the projection and, if accepted, is published. It is necessary to meet certain technical and aesthetic requirements, which are basically limited to an account of good taste.

The platform also uses NFTs to maximize user profits and at the same time strengthen the community. Users can make an NFT from the Locatrotter Collection in exchange for 0.04 ETHs (approximately B15 615) for exclusive benefits. Of these, there is a 5% LOCAL bonus for each published check-in.

Another option is NFT Mayorship in exchange for 0.07 ETH (approximately BRL 1,080). This non-fungal token mode allows users to collect real places on the platform, such as their favorite restaurant or beach. Every time a user enters one of these places, the NFT Mayor is rewarded.

STEPN (GMT)

STEPN is a health and fitness app that aims to encourage millions of people to lead healthier lifestyles by benefiting themselves and the environment.

STEPN works like a win-win game. Prizes with the difference between GPS-controlled running and physical walking. The game uses some gamification resources to calculate user revenue in a new way called move-win (free-win move in free translation).

To access the benefits of the game’s original token, Green Satoshi Token (GST), users must purchase a sneaker in NFT. They are currently trading in the Magic Eden market starting at 10.8 SOL (approximately R $ 5,830).

The success of the game has raised the price of its government token, GMT. According to CoinGecko, in the last 30 days, tokens have been estimated at more than 1,400%.

Cointelegraph Brazil recently published an extensive guide to STEPN.

These are just the opinions and opinions expressed here author and did not necessarily reflect the views of Cointelegraph. Every investment and trade movement carries a risk. You should do your research when making a decision.

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