With the rise of Web3, social capital and social relationships have become increasingly important. Users’ demands for decentralization, data privacy, and new business models continue to grow. INTO, as a globally renowned Web3 social application, has successfully met these demands. Since its launch, INTO has become a leader in the Web3 industry, achieving remarkable results in just about 10 months. It boasts over 12 million registered users globally, with over 900,000 completed SBT digital identity users and a daily active trading volume ranging from 600,000 to 1.3 million transactions, making it the social platform with the highest user base and activity among current Web3 social competitors. INTO’s data capitalization model has continuously brought new opportunities to users, developers, and projects.
The Core Features of Web3: Decentralization and Data Privacy
In the evolution of the Internet, we have witnessed three important stages: Web1, Web2, and now Web3. Each stage has brought unique characteristics and changes, and Web3 represents the latest milestone in Internet evolution, combining open protocols, community governance, and decentralized networks.
In Web3, open protocols are at the core of Internet infrastructure. Unlike in the past, Web3 protocols are transparent, open, and decentralized, providing users and developers with greater participation and control. This means that functions such as data transmission, identity verification, and transactions are no longer controlled by a single entity but are achieved through consensus mechanisms and smart contracts. At the same time, Web3 advocates for a community-driven operational model, making users participants in the network rather than just consumers. Through decentralization, power is distributed to a wider range of participants, reducing the control of a single entity over the network. This model encourages user participation in decision-making, collaborative content creation, and sharing the benefits of the network.
In Web3, individual data ownership and privacy protection become more important. Blockchain technology and encryption methods enable data to be securely stored and transmitted, while also making it easier for users to control their own data and decide whether to share it with third parties. This transfer of data ownership gives individuals greater autonomy and privacy protection.
INTO upholds the core principles of Web3 by adopting a decentralized architecture, where user data is no longer centrally stored on servers but distributed across the network. This means users have better control over their data, free from manipulation and surveillance by centralized platforms. INTO has established a transparent incentive mechanism where users are rewarded for participating in social activities or providing valuable content. This incentivization model makes users feel that their social actions have tangible value, leading to increased engagement and interaction. Moreover, the allocation process of these rewards is transparent, allowing each user to understand how rewards are generated and distributed, thereby enhancing trust in the platform. Additionally, INTO provides strict data privacy protection mechanisms, ensuring that users’ personal information is not misused or leaked. This decentralized and data privacy-focused design provides users with a safer, more autonomous social environment.
Data Capitalization: Empowering the Entire Web3 Industry
In the era of Web3, data is considered a valuable asset as it drives the development of various applications and services. The INTO platform aims to capitalize on user data using blockchain technology and principles of cryptoeconomics, and extend this concept to the entire Web3 industry. A significant aspect of Web3 is decentralized finance (DeFi), which liberates financial services from traditional centralized institutions. Through smart contracts and blockchain technology, DeFi platforms offer trustless financial services, including lending, trading, stablecoins, and more. This decentralized financial system makes financial services more inclusive and open.
Web3 also heralds the rise of decentralized applications (DApps). These applications run on blockchains, execute code through smart contracts, and perform various functions, from social networks to games to financial services. The emergence of DApps makes application development more open and innovative, allowing users to directly participate in the development and operation of applications.
Data capitalization is the process of converting data into tradable assets or value. In the Web3 environment, user-generated data is a valuable resource that developers, businesses, and individuals can leverage. Through data capitalization, users can benefit from their data while having more control and transparency. INTO, as a Web3 social platform, is committed to maximizing user data ownership and value, thereby creating more opportunities and value for the entire Web3 industry. It enables everyone to participate in platform ecosystem construction and shared development opportunities.
Through a series of ecosystem development projects such as newcomer tasks, social nodes, star experts, city nodes, star plan, and global nodes, INTO makes it easy for users to earn $TOX token incentives and participate in the construction of the platform’s ecosystem.
To date, INTO has already made significant breakthroughs in Web3 data capitalization. Its decentralized nature, data privacy, transparent incentive mechanisms, decentralized governance, openness, and interoperability are not only innovations in business models but also redefine internet values, showcasing a fairer, more transparent, and sustainable future for social networks.
How INTO integrates social capital with the Web3 economy
Interaction and collaboration are at the core of Web3’s ethos, and they are also the starting point for INTO’s design of social features. INTO encourages openness and interoperability, allowing users to connect their social capital with other Web3 applications and services. This connectivity creates a broader Web3 ecosystem, fostering economic prosperity and innovation.
Leveraging the network effects of Web3 technology, INTO expands the roles of individuals and organizations in its ecosystem, creating engaging social experiences for users. Through initiatives like the Star Plan, Pioneer Plan, and subsequent city nodes, INTO ensures that every community user plays a crucial role in driving adoption, participation, and governance. This community involvement provides measurable benchmarks for the healthy expansion of the INTO ecosystem.
Encrypted data storage and privacy protection: The INTO platform utilizes blockchain technology to ensure the secure storage and privacy protection of user data. Data is encrypted and stored in a distributed network, with users having encryption keys to control access permissions to their data.
Incentive mechanisms and reward systems: INTO establishes incentive mechanisms and reward systems to encourage active participation in the data capitalization process. Users can earn platform tokens or other rewards by sharing data, participating in data transactions, providing data verification, and more.
Data governance and transparency: The INTO platform adopts a decentralized data governance mechanism, allowing users to participate in decision-making regarding the platform’s development direction and data usage rules. This transparency and democracy help build trust and drive the continuous healthy development of the platform’s ecosystem.
Additionally, the INTO platform empowers users with ownership and control over their data, enabling them to fully realize the value of their data and receive corresponding rewards. By providing trusted data sources to developers and businesses, the INTO platform fosters more innovation and development. Developers can use user data to build smarter, more personalized applications and services, enriching the entire Web3 ecosystem.
The data capitalization model of the INTO platform provides more rights to data owners, helping reduce data monopolies and misuse, and promoting the establishment of a fairer and more sustainable digital economic system.
In conclusion, INTO’s success lies not only in providing decentralization, data privacy, and new business models but also in its transparent incentive mechanisms, user data ownership, decentralized governance, and openness and interoperability, making users more willing to establish and maintain social relationships on the platform. This decentralized model breaks the monopoly of traditional social platforms, providing users with more revenue opportunities. Overall, the transformation of social capital into economic value drives the development of the Web3 economy. As a representative platform, INTO plays a pivotal role in fostering the growth and innovation of the Web3 ecosystem. Its commitment to openness, security, and active community engagement enables us to reimagine the fundamentals of the Internet and pursue a more equitable and sustainable digital future.
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About INTOverse
INTO is a pioneering Web3 social protocol, leveraging blockchain and AI technology. It offers features such as crypto wallets, SocialFi, the SoulBound Token (SBT), AI tools, and more. INTO’s mission is to create a globalized Web3 social network, fostering an open, free, engaging, compatible, and secure communication environment for users worldwide.
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