XWORLD’s Leap Forward: Introducing the Web3 Task Bounty Function for Community Contributors
In the realm of digital gaming and app monetization, XWORLD is taking bold strides to redefine the landscape. With its innovative approach to Web3, XWORLD is setting new standards in how we interact with digital platforms. Now, the platform is adding another feather to its cap, introducing a new Web3 task bounty function dedicated to rewarding the early contributors in their community.
Since its launch in November 2022, XWORLD has made significant headway in the digital space, attracting over a million Web2 and Web3 Internet users. Tens of thousands of game applications have found their home on this platform, creating a vibrant ecosystem that brings together gamers, developers, and enthusiasts. Each of these contributors has played a vital role in the growth and evolution of XWORLD, and their efforts are about to be recognized.
The new Web3 task bounty function is XWORLD’s way of giving back to its community. It’s a reward system designed to acknowledge the contributions of the early users who have helped shape the platform. But it’s not just about recognition; it’s about fostering a sense of ownership and participation among the community members.
In a traditional Web2 setup, user contributions often go unnoticed. Users interact with platforms and applications but have little stake in their growth or success. XWORLD is flipping this narrative with its Web3 approach. By introducing a task bounty function, it ensures that every contribution, every interaction, has the potential to be rewarded.
But how does this task bounty function work? In simple terms, it’s a reward system based on community involvement. Users can earn rewards by completing tasks that contribute to the platform’s growth, such as promoting the platform, reporting bugs, or creating content. The more a user contributes, the more they stand to earn.
This approach underscores XWORLD’s commitment to its community. It understands that the platform’s growth is intrinsically tied to the participation and contributions of its users. By rewarding these contributions, XWORLD not only acknowledges their value but also encourages further participation.
XWORLD’s task bounty function is more than just a reward system; it’s a testament to the platform’s vision. A vision where users are more than just consumers; they are stakeholders. Where every interaction has the potential to create value. Where the lines between gaming, socializing, and earning are blurred.
As XWORLD continues to innovate, it’s clear that the platform is not just keeping pace with the Web3 revolution; it’s leading it. It’s setting a new standard for how platforms should interact with their communities, and how users can benefit from their digital experiences.
So, are you ready to be part of this revolution? Are you ready to join a platform that values your contributions and rewards your involvement? If so, then it’s time to join the XWORLD community.
To stay updated on all the latest developments and to be part of XWORLD’s exciting journey, follow them on Twitter at https://twitter.com/xworld_pro. Contribute, participate, earn, and become a part of the XWORLD revolution. Welcome to XWORLD, where your contributions matter.
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From TikTok to XWORLD: Secrets of Web3 Growth
XWORLD is taking a bold step forward with the launch of its latest campaign aimed at driving mass adoption of Web3. This initiative not only highlights the company’s innovative ROI flywheel model but also introduces new features that seamlessly integrate Web2 and Web3 user experiences. With 5.4 million users and 600,000 daily active users already engaged, XWORLD is set to accelerate its growth trajectory by offering unprecedented transparency and a fair profit distribution model. This new approach promises to bridge the gap between Web2 users and the advanced world of Web3 — without users even realizing they’ve made the transition.
To truly understand the potential of XWORLD's approach, we need to explore the broader context of Web3 mass adoption and how strategies from successful Web2 platforms like TikTok can offer valuable lessons for growth in the Web3 era.
The Road to Web3 Mass Adoption
The term "Mass Adoption" has become a buzzword in the tech industry, especially in discussions about Web3. Everyone is eager to see Web3 technologies reach their full potential, but the transition from Web2 to Web3 has been slow. While some efforts like GameFi, SocialFi, and AA wallets have been launched, they haven't quite hit the mark yet. Many blame inadequate infrastructure, but the true reason lies deeper.
To fully understand the issue, we must define the goal of Mass Adoption: converting Web2 users to Web3 without them even realizing it. Success in Web3 should not depend on whether a product is labeled "Web2" or "Web3". Instead, Web3 companies must learn from the success of Web2 platforms, such as TikTok, and develop sustainable growth strategies. A perfect model for this is the ROI flywheel — an approach that has already proven its effectiveness in the Web2 world.
The Rise of TikTok and What Web3 Can Learn
TikTok's meteoric rise to fame is an excellent case study for understanding user acquisition. Within its first few months, TikTok attracted over 50 million monthly active users. Just two years later, by 2019, it had an astounding 250 million daily active users (DAU) and 500 million monthly active users (MAU).
TikTok's growth wasn't just due to its engaging content or superior features. In fact, its rapid expansion was fueled by a smart marketing strategy. TikTok invested heavily in user acquisition through digital advertising platforms like Google, applying a simple formula: spend money to acquire users, monetize them, and reinvest in acquiring more users. This continuous cycle of investment and returns formed a self-sustaining model, which we call the "ROI flywheel".
The lesson for Web3? Success is not just about having a great product. It's about establishing a commercial loop that can drive user acquisition, retention, and monetization-much like TikTok's model.
The ROI Flywheel Explained
At its core, the ROI flywheel model is a growth strategy built on three pillars:
1. User Acquisition
The first step is to acquire users through paid marketing or partnerships. The goal is to spend money to bring in users and then monetize them in a way that covers acquisition costs. Web2 platforms like TikTok used digital advertising to attract users at scale. Web3 platforms must adopt a similar approach but with added transparency and efficiency thanks to blockchain technology.
2. User Retention and Conversion
Acquiring users is just the beginning. Keeping them engaged and turning them into loyal customers is the next challenge. TikTok mastered this through personalized content and excellent user experience. For Web3, the key will be creating products that users genuinely enjoy and want to keep using, without focusing too much on the technical aspects of Web3 itself.
3. Commercialization
Finally, the monetization process. The more users you retain, the more opportunities you have to monetize. In Web2, this could be through ads, subscriptions, or partnerships. For Web3, tokenomics and blockchain transparency can enhance these monetization strategies, leading to better long-term growth.
When combined, these three elements form a continuous loop that feeds into itself. More users mean more revenue, which can be reinvested to acquire even more users, accelerating growth.
Challenges in Web3 and How XWORLD is Overcoming Them
Web3 projects face unique challenges that Web2 companies did not. For instance, Web3 products often rely on task platforms (like Galxe) or social media (like Twitter) for user acquisition. While these platforms can be effective, they come with limitations. Task platforms often struggle to create sustainable business models, while sociall media promotion can lead to inflated user numbers without actual growth.
XWORLD is different. By integrating a mature Web2 business model with the transparency and fairness of Web3, XWORLD is creating a closed-loop ROI flywheel that is poised to succeed. XWORLD's approach minimizes the reliance on traditional methods like airdrops or speculative tokens, which can often lead to unsustainable growth.
Instead, XWORLD focuses on building a solid business foundation with strong monetization capabilities, which makes it easier to scale over time. With 5.4 million users and 600,000 daily active users, XWORLD's flywheel model is already proving its effectiveness.
The Path to Mass Adoption
To achieve mass adoption, Web3 needs more than just great technology. It requires products that people actually want to use, combined with an efficient growth strategy. XWORLD's model shows that by borrowing strategies from Web2-like the ROI flywheel — and applying them to Web3, it's possible to achieve sustainable growth.
Mass adoption doesn't depend on whether a product is labeled as Web2 or Web3. Instead, it's about whether that product meets users' needs and whether the company behind it has a solid growth strategy in place. With its focus on game and application distribution, XWORLD is uniquely positioned to lead the way toward mass adoption.
Conclusion
Mass adoption is within reach, but only for companies that understand how to blend Web2 growth strategies with the unique advantages of Web3.XWORLD's integration of the ROI flywheel into its growth model is a perfect example of how this can be done effectively. By focusing on user acquisition, retention, and monetization, XWORLD is creating a scalable model that will drive Web3 into the future.
As the industry evolves, it's clear that the next big wave of Web3 growth will come from those who can attract users without them even realizing they've entered the world of Web3. XWORLD's success in applying the ROI flywheel model offers valuable lessons for any Web3 project looking to achieve mass adoption
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BTC will break $32K soon?Vitalik is heading for AI | Web3 News
BTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’
Bitcoin( $29,691) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close.
In an optimistic longer-timeframe view, trading team Stockmoney Lizards predicted that resistance immediately above $30,000 would soon crack.
Updating a chart fractal comparing BTC/USD in 2023 to its 2020 breakout, analysts argued that the time for significant upside is now. An approval of the United States’ first Bitcoin spot price exchange-traded fund (ETF) would form the clinching factor.
“31/32k will break soon,” part of accompanying commentary read.
“P.S.: Many of you will once more say: ‘But 2020 was after halving, here we are before’ — answer: doesn’t matter. This year mass adoption / ETF approval will be THE driver.”
Ethereum Cofounder Vitalik Buterin Confirms Plans for AI
Ethereum cofounder Vitalik Buterin has shared new revelations that show a possible integration with artificial intelligence (AI) in the mid- to long term. Responding to community members in an ask-me-anything (AMA) session hosted on the decentralized social protocol Warpcast, Buterin said AI remains one of the thoughts that has filled his mind for the past two weeks.
While Vitalik Buterin was not detailed about the specific things he thought about, he said he is considering the ways in which the Ethereum community could productively engage on AI-related issues. Some of the issues he highlighted include X-risk, a concept that showcases how humanity can be harmed on a massive global scale.
In recent times, proponents have been citing how possible Blockchain technology can coexist with AI. Drawing on the revolutionary technology underpinning both concepts, a combination of AI and blockchain has been tipped as a futuristic solution to some of the world’s biggest challenges to date.
While there are a number of crypto projects exploring AI solutions to date, Buterin’s assertion of the concept lends another perspective, considering the role he plays in the broader digital currency ecosystem. The possible timeline of any potential engagement was not revealed, and from his actions, we might expect a detailed blog post in this regard in the future.
‘Magic: The Gathering’ creator’s crypto game lands on Epic Game Store
“Magic: The Gathering” creator Richard Garfield has helped design a blockchain game, and it is launching on the Epic Game Store.
The Dungeons & Dragons-style fantasy card game Garfield created became a massive hit, fostering an ecosystem of players who for years actively bought, sold and traded the game’s physical cards. Garfield is now hoping his digital card game “Brawlers” will also capture gamers’ imaginations.
The player-vs-player game was co-designed by Garfield and developed by fledgling web3 gaming firm Tyranno Studios, which focuses on creating titles on the WAX blockchain.
“Just like traditional physical card games, Brawlers allows people to purchase card sets and use them to play with others, simultaneously retaining full ownership and control over their assets to easily trade or exchange them,” Garfield said in a statement. “This opens up many new opportunities for developers to build successful web3 games with living and breathing economies where each player is a full-fledged participant and avoids all the pitfalls of exploitative microtransactions.”
Refik Anadol NFT collab with Brazilian tribe yields $3.9 million in a week
Cutting-edge artist Refik Anadol’s latest digital art collection dubbed “Winds of Yawanawa” may be the one lone bright spot in an otherwise dim NFT market.
The project, a collection of “data paintings,” has generated $3.9 million (2,493 ether) in sales over the past week, according to OpenSea data. The eruption of interest in Winds of Yawanawa, a collaboration between the Brazilian indigenous community Yawanawa and Anadol, comes amid a broader NFT market downturn that has seen trading volumes plummet by more than 90% since a bull run bolstered by excitement for mostly low-resolution picture-for-profile NFT collections like Bored Ape Yacht Club and CryptoPunks.
One popular NFT watcher took to X to highlight both the success of Winds of Yawanawa and how large of a portion of overall trading the collection accounted for in a day’s worth of trading.
“Winds of Yawanawa did 451 ETH of volume on OpenSea yesterday, about 25% of the total ETH volume on OpenSea,” posted @punk9059, director of research at Proof Collective, an organization that supports blockchain-powered art. “What’s striking is partially how much [Winds of Yawanawa] is doing, but also how little else is trading.”
Magic Eden’s Tokenized Collections Program Debuts with 100 Physically-Backed Pokémon Cards
Last week, the renowned cross-chain NFT platform, Magic Eden, introduced its groundbreaking Tokenized Collections Program in collaboration with Collector Crypt, a pioneer in bringing physical collectibles to the Web3 space. The program’s inaugural drop, featuring 100 graded Pokémon cards, is set to launch today, Wednesday, October 18, exclusively on the Magic Eden Launchpad.
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