The hesitance that people experience about Web3 is essentially rooted in the same feeling of losing their money. Explaining how many of such challenges can be turned into a journey of development, Babatunde Ogunoye – the tax official from Ondo State, Nigeria – has proved that creativity and determination are the keys to success. He was initially concerned about the risks of blockchain, but in 2022, due to the #SocialMining project created by #DAOLabs , Babatunde saw a new opportunity.
He lost money via Web3 betting apps and decided to consult his friend, Benrock, who introduced him to Social Mining, which pays for value addition instead of gambling. For Babatunde, this approach worked like a revelation. “I could not gamble with my money, but I did manage to find a way to make some by adding value, ” he said.
The driving force for success was creativity. Social Mining, he said, employs new content to popularize blockchain concepts, and thus create trust. Babatunde received 2250 $RWA tokens through Initial Labor Offering ( #ILO ) for tangible contribution. This gave him the acknowledgement he needed and solidified his belief that what he was doing through blockchain was right in building inclusive communities.
The ILO model, in the opinion of Babatunde, suggests how there is a transition from speculation to collaboration. Thus, indicating that it promotes efficiency by insisting on investing effort and not capital while at the same time extending an opportunity to blockchain projects. This story shows how Social Mining increases active contributors from the total followers and sustains robust environments.
When you listen to Babatunde’s story, it becomes nearly impossible to view Web3 as mere digital infrastructure — it is community and purpose. Social Mining is, thus, an easy and, at the same time, responsible way of engaging with blockchain if a person is willing to invest time and skills into it.
