The U.S. Department of Defense (DoD) is set to test blockchain technologies. This groundbreaking move could potentially boost the crypto market. This initiative could enhance the legitimacy of major cryptocurrencies like $BTC , $ETH , and $BNB , solidifying their roles as stable secondary market currencies. 

Blockchain Integration for Security
The initiative explores blockchain's potential to secure sensitive military data, improve logistics, and enhance communication, showcasing the technology's tangible and high-stakes applications. Integrating decentralized blockchain by such a significant entity underscores the transformative potential, inspiring broader use cases across various sectors.
Senate Committee Involvement
The Senate Committee discussed the initiative with the Secretary of Defense. There is solid legislative interest and support for incorporating innovative technologies into defense strategies. Potential defense applications include secure data sharing, supply chain integrity, and cybersecurity.
Testing and Evaluation 
The DoD will conduct tests to assess the practicality and effectiveness of blockchain technologies in real-world defense scenarios. These tests will help determine how blockchain can be integrated into existing systems and identify any potential challenges or limitations.
Impact on the Crypto Community and Ecosystem
Bullish Trend for the Crypto Market
As of now,
Global Market Cap: Approximately $1.27 trillion124h Trading Volume: $11.75 billion1Bitcoin Dominance: 54.63%2Ethereum Dominance: 17.89%3BNB Dominance: 4.2%

Increased Legitimacy: The DoD's interest can significantly boost the legitimacy of blockchain and cryptocurrencies like $BTC , $ETH , and $BNB , attracting institutional and governmental trust.
Positive Sentiment: This move is likely to generate positive sentiment within the crypto community and among investors.
Web3 Ecosystem Growth
Innovation and Adoption: The DoD's testing and potential implementation of blockchain could drive innovation within the Web3 ecosystem.Broader Use Cases: Successful integration of blockchain in defense could inspire other government agencies and large enterprises to explore similar applications.
Enhancing Cybersecurity: Exploring Potential Blockchain Solutions for the DoD

One potential solution that could benefit the DoD is Polygon ID, a blockchain-based identity solution developed by Polygon Technology. It utilizes zero-knowledge proofs to enable secure and private identity verification, significantly enhancing cybersecurity measures. This technology is particularly relevant for organizations like the U.S. Department of Defense (DoD), which requires robust and secure identity management systems.
Based on my observations within @DAO Labs and the Polygon Hubs, Polygon ID exemplifies the kind of innovative solutions that could be explored to enhance cybersecurity in high-stakes environments like the DoD. While it has not been chosen yet, its capabilities highlight the potential applications of blockchain technology in securing sensitive data.
As #SocialMining has emerged as one of the most stable forms of earnings in the crypto field. The increased funding and innovation could also lead to new profitable opportunities. Social mining, like at DAO Labs, is a steady income through community engagement that is unaffected by market fluctuations. I've personally earned various cryptocurrencies like $KAVA, $WAXP, $AVAX, #MATIC, #TONCOIN, and $USDT by participating in DAO Labs' 6 Hubs. It's a resilient way for anyone to earn in the crypto world, regardless of market ups and downs.
Conclusion
The Department of Defense's exploration of blockchain technology is not merely an experiment; it serves as a guiding light for the future of digital security and decentralized systems. Through the integration of blockchain, the DoD is not only improving its operations but also laying the groundwork for a more secure, transparent, and innovative technological environment. This endeavor holds the potential to inaugurate a new era where blockchain technology becomes essential in both government and commercial sectors, fostering widespread adoption and progress that benefits the entire cryptocurrency ecosystem.

As a @DAO Labs #SocialMining enthusiast, I closely follow $ETH , $BTC and altcoins such as $BNB , #AVAX✅ , #MATIC✅ and #KAVA that are already buzzwords among the discerning investors and traders. Eric Balchunas of Bloomberg seems very sure that July 18 2024 will be the date for the spot Ethereum ETF launch. $ETHE, $CETH, $ETHA and $ETHV are already named but Invesco Galaxy, Franklin, Bitwise, and PRO Shares III have also either registered or updated their registrations.

Source: SEC EDGAR, July 13, 2024, for educational purposes only
So, what does that mean? Who and what are these? If you are asking yourself these, you are not alone. As  I am a beginner myself, I have been trying to understand through reading and research. Let us explore together to see if we can make sense of all these names and figures.
To start  with, the Dramatis Personae:
SEC, or the Securities and Exchange Commission. Currently chaired by Gary Gensler, SEC is responsible for looking after investor interests by policing the securities markets.
Ethereum. After Bitcoin, the most important cryptocurrency. In addition to its native Ether coin, its blockchain includes decentralized apps (Dapps) and non-fungible tokens (NFTs). (Let me know if you would like to know more about these, and I will write a separate article.) Since 2022, Ethereum has been using a system of coin creation called Proof of Stake (Basically, if you want to validate someone’s work, you need to stake your own coins first and this collateral is proof of your good faith, as you would lose more than you gain). This PoS makes it faster.
ETF.  Exchange-traded fund. Simply means you can use it to trade on the exchange markets.
Spot ETFs (Exchange-Traded Funds). If you hold a spot exchange-traded fund, you actually hold an asset. These could be cryptocurrencies, stocks, commodities or bonds. So, your asset price will reflect the current immediately available price of the asset.
Strategy ETFs (or Thematic ETFs). If you hold a strategy asset, you do not actually hold the asset. You use other trading tools, such as a futures contract. So the value of your asset will NOT reflect the current immediately available price of the asset.

Eric Balchunas (on X, @EricBalchunas): A senior ETF Analyst for Bloomberg, Eric Balchunas is known for accurately predicting some key ETF-related events.
$ETHE – Grayscale Investments’ product tied to ETH. Not an altcoin.
$CETH – 21Shares Core Ethereum ETF is another product tied to ETH. Not an altcoin.
$ETHA – iShares Ethereum Trust ETF is a third product tied to ETH. Not an altcoin.
$ETHV – VanEck's Ethereum ETF is yet another product tied to ETH. Not an altcoin.

So, these are our key named players. What do they do? Why should you care?
Cryptocurrencies are finally looking like they are here to stay, and more and more of the key players from previously skeptical sectors want a piece of the action. Following the success of Bitcoin ETFs, analysts such as the inimitable Mr Balchunas predict “ETH could capture up to 20% of the assets under management (AUM) that BTC ETFs have ”(See Source 5). Additionally, Spot ETFs are expected to open the crypto markets to investors who are not allowed to trade in crypto, such as 410(k) and IRA investors.
Are there disadvantages in spot Ethereum ETFs? Like with everything else in the world, yes. You cannot get staking rewards for your investment. Since these rewards themselves could be sizable, it is a choice you will need to make.
We as the Social Mining Community know that BTC is digital gold, and that ETH EFTs will break the door wide open for the altcoins we love and trust - BNB, AVAX, MATIC, KAVA, TON. Social Mining is for all markets bearish or bullish, but we do have our own projects that we root for.
It is an exciting time. With a potential Solana ETF move in the works, it could get truly lively. And, you. How will you go forward? What is your next move? Do tell!

Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
Sources:
SECNerdwalletNasdaqCointelegraphCryptopotato

A movement for a more transparent and decentralized Internet is globally attracting more attention and these days, people are becoming more privacy-aware of their online identities and data.

Just recently, celebrities are getting involved more in Web3, news captured Messi and Ronaldinho posting about a meme coin through their social handles, even as an African, our own Davido (Afro beat singer), was linked to one Solana meme coin which later became a discussion on social media. With all these happenings, coupled with the Airdrop tapping bot taking over people's time on telegram, people are now more aware of the power of Web3. However, some are just doing what their friends ask them to do without getting an in-depth of what the advantage of Web3 is and how one can benefit from it when the market is in the opposite direction say Bearish Market ( On bearing condition).
Web3 Spotlight
Today, TON Blockchain has become known to all through the social media app called Telegram. The Telegram airdrop bot after the launch of $NOT now makes everything that is not even real (Airdrop) become real to all and everyone is just tapping with the hope of getting results soon. Telegram uses TON Blockchain and a lot of Apps have been launched through this network recently Tabi Network launched its airdrop bot on Telegram to become the first layer 1 to do this. We are in an era of using a telegram bot to position one right when considering crypto market conditions.
Web3 technology is open source as we can see from TON Technology using TONcoin unlocking freedom with decentralized finance becomes seamless for all. Yes, the Crypto Market is volatile, we see Bitcoin's $BTC price action at a 1.4% rise in the one-hour candle of today however, it's still 21.4% far down when considering its All-Time-High four months ago.
Be Bullish In Bearish Condition
In the crypto world, diversifying action is one of the key strategies people use to scale through unbearable market conditions. As we know, in #Web3Social , you own your data, so selling it to earn a reward for yourself positions you for a stable flow of income provided you connect with a genuine platform and understand how it works. This is not too technical. For example, DaoLabs is the proprietor of the Social Mining SaaS that incentivizes fair governance and quality content curation from communities and networks of any organization. #AvalancheAVAX Blockchain has been using this since 2021 and users who have connected to the hub since the launch are still very much bullish.
Additionally, the introduction of DAOVERSE (#DaoLabs hub) encourages social miners to stay put in what they do because the hub rewards in stable coins which means earning through Social Mining at DAOLabs is ever stable provided the platform is still active. Note, that you need only Twitter and at least 50 followers to activate your position and start earning for life...... Are you not bullish in bearish conditions?
Web3 activities are recorded on the blockchain, no wonder Point Apps is gaining attention through the reward model introduction to the crypto market. If you have interacted with Solana, Ethereum, Binance, and more Apps in decentralized finance and visited platforms with points activities model, you must have recorded some rewards for yourself.
In conclusion, Web3 has grown to a level that people don't need to talk about the bearish condition of the market, though this condition exists, people have grown with the technology launching unique utilities for their community to scale through unbearable market conditions. You can check #SocialMining with DAOLabs and learn more about this.
#Megadrop
What Is Social Mining?: https://docs.daolabs.com/social-mining-docs

In these days when the #Bitcoin market is stagnant, our eyes are on the #Binance screen, $BTC , $ETH and $BNB prices. We are waiting for this stagnation to pass 😊
While I thought Bitcoin would exceed 70k, it fell to 54k levels. What were the reasons for this? In fact, there is no reason to fall so much, but people we call whales use some news to create an atmosphere of fear and fuel sales to collect #BTC cheaper.

The news used this time was the repayments of MT Gox and the news that the German government would sell, which started immediately afterward. MT Gox is an old story anyway. I researched the German government's sales and would like to share it with you.
Earlier this year, the German Federal Criminal Police Office (BKA) seized 49,857 BTC from the operators of Movie2k.to, a privacy site shut down in 2013. Since mid-June, the government has sold more than 10,000 of these BTC, which has put downward pressure on Bitcoin's price.
To mitigate the negative effects of this situation, Tron founder Justin Sun offered the German government to buy BTCs off-market.
In addition, some observers think that Germany's sales are a geopolitical mistake. The Blockware Intelligence newsletter noted that it is a strategic blunder for governments to sell a scarce asset like bitcoin because fiat currencies can be easily printed.

According to @Arkham 's data, Germany currently holds 39,826 BTC worth $2.2 billion, which could create potential selling pressure. This represents about 9 percent of Bitcoin's daily trading volume and could cause price turbulence.
Ki Young Ju, CEO of CryptoQuant, stated that the Bitcoin market is affected by psychological operations.
Analyst Alex Krüger suggested that the German government is in the final phase of BTC sales and that the market can absorb these sales.
Daan Crypto, on the other hand, thinks that the weight of government sales in the market will decrease over time.
These sales have affected the price of Bitcoin, and BTC is currently trading at $ 57,200, down from $ 65,000 when the sales started, which means a drop of about 11 percent.
According to a report I received this evening, after today's transactions, only 4925 BTC worth $ 285 million remained in wallets linked to German authorities. When assets began to be sold three weeks ago, the wallets held 50 thousand BTC worth $ 3 billion.

I have already mentioned that such news is used as a selling opportunity. In the medium and long term, the crypto market will continue its upward journey again.
In such stagnant times, the most reliable way to make money in this market is #SocialMining As a member of the platforms offered by @DAO Labs , you can prepare content and earn income.
I hope to write an article with better news next week...

In the dynamic landscape of decentralized autonomous organizations (DAOs), DAOVERSE emerges as a vibrant force, offering individuals an unparalleled opportunity to harness the potential of Social Mining and monetize their social media engagement. Within DAOVERSE, individuals are empowered to transform their digital interactions into tangible rewards, forging a new path to financial independence.

DAO Labs Social Miners play a crucial role in putting communities to work and adding value to projects. DAO Labs harnesses the power of Social Mining to generate digital footprints and spread public awareness. This innovative approach incentivizes effective and organized User-Generated Content (UGC), benefiting both centralized and decentralized organizations.

Total Workforce: 264,852 Social Miners

Contributions and Impact
Tasks Submitted Since 2018: A remarkable 1,054,301 tasks have been submitted by social miners, showcasing their dedication and active participation in various projects.Rewards Paid to Social Miners: Over US$ 1,084,878 has been distributed to social miners in project tokens, USDT, BUSD, and gift cards, recognizing their valuable contributions to the ecosystem.Active Social Media Accounts: There are currently 182,212 social media accounts in active and organic duty, amplifying the reach and impact of DAO Labs across platforms.Staked by Social Miners: At its historical peak, social miners have staked a combined total of US$ 156,010,984 in our platforms, demonstrating a strong commitment to the ecosystem.

Bringing Growth to Projects
From Multiversex to Harmony, Nem, Symbol, Injective Protocol, Avalanche, Daoverse, Polygon, Kava, Wax, TON, and Telos, DAO Labs Social Miners have contributed to the growth and engagement of various projects. On average, they contribute 40.42% to DAO Labs Community Contribution.

Key Metrics
X-Accounts on All Platforms: 93,304
Reposts: A total of 2,672,458 reposts have been made by social miners, amplifying the reach of projects.Engagement: Social miners have generated 75,384,836 engagements to project accounts, demonstrating their active involvement and support.Total Impressions: Content shared by social miners has reached an impressive 926,185,588 impressions, leaving a lasting impact on audiences.Unique Posts: There have been 75,657 unique posts dedicated to hubs projects, further solidifying their presence and relevance in the social media sphere.

Roles and Distribution
Social miners contribute across various roles, utilizing their expertise and preferences to benefit projects:
Influencer: 25.7%Marketing: 21.8%Blockchain Enthusiasts: 21.8%Content Writer: 14.7%Graphics Designer: 9.3%Developer: 2.9%Content Translator: 2.9%Strategic Partner: 2.2%Web Designer: 1.1%

To Get Started
Create an Account: Sign up on DAOVERSE HUB using Twitter, Gmail, or manually.Connect Your Wallet: Link your wallet to your DAOVERSE HUB Profile and make sure you set up a DAOVERSE Mainnet Network for seamless transactions.Connect Your X Account: Connect your X account to DAOVERSE HUB for better engagement. Having at least 50 followers on X boosts your impact and rewards potential.
By following these steps, you can join the Social Mining community on DAOVERSE, contribute to its success, and earn rewards.
Anyone can be part of the vibrant #DAOVERSE community and can contribute to the growth and success of blockchain projects worldwide.

#SocialMining

Web3 adoption grows daily with innovations that open users to real-world interaction. Users with the right information are connected to more opportunities that increase their daily rewards in the web3 space, however, #SocialMining information is still a discussion that needs clarity so that more people can benefit from the great opportunity that is locked up in that ecosystem.

Social Mining, Open Source For Crypto Rewards
Social media mining is not just about gathering and collecting information, it's about the use of information gathered to make informed decisions and drive actions. This process is a game-changer for various sectors of a business and users connecting and interacting on this radar are highly rewarded.
TON Network as Case Study
TON, a decentralized and open internet created by the community using technology designed by Telegram sealed up a partnership with #DaoLabs which birthed TON Hubs, a Social Mining platform dedicated to TON ecosystem growth and community building. The hub rewards every registered user's work with TON points which is then converted to $TON. The concept of Social mining with DaoLabs started with the top-ranked blockchain in the industry but until 2022 (when the document was released with the DAOVERSE), social mining understanding looked complex for many Web2 users.
How Does This Work?
The TON Hub is based on the Twitter (X) program. This is an automated social media marketing tool that allows eligible social mining users to earn just by promoting every TON announcement through the user's X(Twitter) account. To enjoy the rewards of promoting for TON as a freelancer, there is a need to register and connect your Twitter account to TON Hub.
Key Note: Impression on your content, right mention and approved hashtags re the incentive mechanisms.
The mining reward is not complicated due to the arrangement in place. Social miners in DaoLabs are +20,000 and daily they promote different projects that connect with DaoLabs collectively, this increases the visibility of such projects (TON a case study) and gets points in return.
Social Mining Advantage
The advantage of social mining is in two forms.
1. To Business Using It:
This helps businesses understand the sentiments of customers better.
It provides real-time insights into public opinions and increases brand awareness.
To Individual
Job creation and employment opportunities are the number one advantage.

Social Mining Challenge
It looks like everything is perfect with Social mining however, some factors affect the growth of this idea:
Single Data Source: The majority of projects use Twitter to collect data due to user engagement right there, but gathering data from multiple sources offers unique insights and a combined view that can provide a more comprehensive understanding. We have seen DAOLabs using Reddit.Spammers: Due to the open-source system that the majority of social mining platforms engage in, there is a lack of control over their users. DAOLabs from time to time, double-check their user's activities and sanction anyone that goes against their terms and conditions.
Starting your journey with Social Mining is open to anyone interested and you can unlock great opportunities from there through the project you promote. Study more about social mining and drop your questions if there are any.
#freelancing
#earmoneywithwritting

The world population today if we consider the use of social media platforms increases daily and businesses are not joking with this tool because of its importance to their business in creating awareness which grows their userbase and community.

Now, Let's dive into what Social Mining really is. 

According to #DaoLabs , Social Mining is a multi-chain community building and governance ecosystem that consists of different areas and entities: Social Mining SaaS, DAO Labs, DAOVERSE, and Social Mining Governance.

This article will simplify all the key points above but before then, to simplify what Social Mining is, we can say it deals with the process of mining social data. Majorly, it involves three things which are:

Collection of Data

Processing of Data

Analysis of Data

These three line items are obtained from social media platforms like Twitter, Instagram, Telegram, and Facebook to mention but a few, to reveal meaningful patterns and draw conclusions that become actionable information.

As we know, data represents, connections, products, people's attitudes, and services, what is important is the functionality of the social media platform.

Now back to the baseline of the key points mentioned earlier, DAO Labs is the proprietor of the Social Mining SaaS.

Social Mining SaaS is the core product of DAO Labs' software suite, DAO Governance Solution for Digital Business, natively compatible with multiple blockchain infrastructures, including Ethereum, BSC, Polygon, NEM, and Symbol.

Additionally,  Social Mining SaaS functions as a governance layer to incentivize decentralized developments and collaborations, maximizing the potential and outputs of any organization's networks and communities.

Now we can now say Social Mining is a DAO governance solution that incentivizes fair governance and quality content curation from communities and networks of any organization.

How It Works

The working of Social Mining can be well understood using the Twitter Program of #DaoLabs as an illustration.

What is DaoLabs Twitter Program?

DaoLabs Twitter Program is an automated social media marketing tool that allows eligible Social Mining users to earn by promoting the project via their Twitter accounts. This simply means there is a need to become a Social Miner before you can start Social Mining.

DaoLabs as an ecosystem has Five Social Mining platforms which are DAOVERSE, AVALANCHE HUB, POLYGON HUB, KAVA HUB, and WAX HUB. This simply means, Top blockchains in the industry are using Social Mining SaaS as their marketing tool which users can take benefit of through free registration.

Furthermore, DaoLabs' Twitter Program features"the following for its operation:

Twitter API connection

Engagement & impression-based incentive mechanism, featured tweets, and auto-adding hashtags & mentions

Hence, Social Miners get rewarded through the above-mentioned.

How To Use It

Following DaoLabs' Twitter Program, prospects (newbies to social mining) need to have a Twitter account and connect it to any of the social mining platforms mentioned earlier (DYOR on DAOVERSE). The baseline of your followers on Twitter should be at least 50.

You can mine your reward daily through your activity like Tweets, Retweet, and completing special tasks announced by the team.

Call To Action

Social Mining is increasing and businesses, especially Top blockchains in the industry are interacting with this suite to decentralize their reward system for their supporters which gives fair rewards based on the activities carried out. Take a moment to do more research on DaoLabs and Social Mining.

Disclaimer: I am not a financial advisor, see this article as a piece of information that can help you in your personal research.

#SocialMining

#OnlineJobs

#Freelancing

One of the major problems in Nigeria that have affected both the government and the people of the country is unemployment because it has an unimaginable proportion in the state and despite this proportion rate, there are vacancies in government organizations/ministries and you need to know someone before you can unlock this opportunity even same does happen in private organizations.

Annually, institutions of higher learning release graduates and they add to the existing stock of the unemployed. In this situation, our government appears to be helpless and overwhelmed by the menace, and during the preparation of the last presidential election, there comes a slang popularly used by the Nigerian youth "JAPA" which simply means relocate because of the state of the country's economy. The majority of the youths relocated and they are still relocating, but does this solve the state of the country in terms of unemployment? Absolutely Not!
Other Exposure In The Country
Undergraduates in the country are now acquiring entrepreneurial skills to become self-employed and self-reliant before their graduation day and the majority already have one or two jobs remotely paying their bills.When you look at the definition of entrepreneurship, it's difficult to define because it has different meanings to many. Some look at it from the angle of innovation, again it looks like taking risks on something and it also means starting, owning, and managing a business. No matter the definition you give to it, it is your understanding that determines your stand in your action.
The Future of Work In Nigeria
Entrepreneurship is the future of work in Nigeria but what type of work can one venture into and build the future on?Technology is increasing on a daily basis and some of the youths are not developing their self in this area. I see multiple Nigerians open a POS stand, a place to withdraw, deposit, and pay bills. Aside from the number of people already in this business, can this stand the test of time? Absolutely Not, that's why we see some adding convert your fiat currency to digital currency to their business because they already understand what the future holds in the decentralized market.
Let's Dive Into Some Sustainable Work
1. Social Mining: This is still new to many in Nigeria. The idea was first released by DAOLabs, though there are social media platforms that allow one to earn via their content creation, all these platforms do not give an open means of earning like DAOLabs. The idea around Social Mining is allowing users to get rewards for all their engagement on social media. With digital dollar rewards DAOLabs introduced in 2021 via DAOVERSE, participants on the platform earn points on their Twitter content promoting the brand and the points are converted to Dollar. You only need to promote anything you know about and add the appropriate hashtag then build engagement on your content.Note: You keep getting rewards for your content as the impression of the content increases.You can start Here or visit the official website of the project. Reach out to me, if you need help.
2. Ambassador Program:In the blockchain/crypto industry, the ambassador program is one of the best jobs one can secure and earn rewards awesomely. Apart from earning, it allows one to have access to new features and products of a project, get rewards for online engagement like meetups and also reward for every successful connection that you facilitate with an influencer and many more. Nigerians are positioned for this type of job with different projects and it's paying them largely. You can leverage Zealy.io or follow me through my article, I will release from time to time some ambassador program.The reward for every idea you suggest for a contest activity that gets selected.Earn special rewards for completing your targets.
3. Content CreationThere are a lot of web3 platforms, that reward your content on their platform. We have the likes of Steemit.com, Hive.io, Publish0x.com, Binance Feed and many more.....Creating content might be easy for those who already understand the rudiment around content creation, and why those who are still new might struggle to succeed in that area, however, there is a way around it.Start your journey by creating a Tweet for a brand, Thread on leofinance, you increase the number of your words and start creating an article.
4. Crypto Bounty/AirdropThere are a lot of bounty programs evolving in the world of crypto and Nigerians are positioned for it, though some don't know how to execute the bounty program. Dework is one of the platforms that requires contributors for different bounty programs and if you are a contributor, you can earn rewards daily, weekly, or monthly depending on the project you are working on. We also see some Nigerians devoted their time and resources to search for Airdrop on a daily basis. Not that Airdrop is not good, but 80-90% of Airdrop programs are scams especially if it doesn't require you to execute a task before you get it.
As we look at the future of work in , I will need to stress this, grabbing a skill (graphic design, content creation, marketing, program developer, data analysis etc..), will highly position you for opportunities. Nigerian youth are now entrepreneurs, freelancers, social media managers and more to sustain their living due to the state of the country's economy.

One of the revolutionary technology in the 21st century is Blockchain and it has received an enormous growth due to the solutions it brought to a real-world situation.

You can imagine, how the world shares money and information, and several use-cases attached to this tech this baffle many, while some want to learn about the tech, others try to counter it, and being a decentralized system, it is difficult to tackle as it lacks centralized authority when it comes to control.

Let's Talk About Social Mining In Blockchain

The evolution of social media is called social mining, which can also be called data mining because it has to do with data on social media. As we know, data can be quantified, and that is why is sellable. Yes, many companies are making a lot of money through this without thinking about the people that generate all this data for them. They also manage your content because of its centralized system which can be managed and controlled by an entity.

Now, the #DaoLabs introduced a virtual-voting system on the activity of social media users, monetizes the engagement on the activity, and generates revenue/income for those users in a fair mode on a recognized social media platform. DaoLabs come up with this solution to create jobs and opportunities for everyone, no matter their status, an opportunity to become stakeholders with their individual share defined by the quality of effort and time channeled into the project. This is huge.

In 2019, Avalanche blockchain tested this solution and still using it as one of their marketing tools which brings awareness to their ecosystem and rewards the user that engages in that promotion or activity.

More Advantages of Social Mining In Blockchain

Before revealing more advantages of #SocialMining in blockchain, understanding where this solution is applicable is important.

Checking through the DaoLabs official website by doing your own research will give you an overview of how to begin and where but everything you are doing is through your personal social media handle and it is free to register. However, DYOR.

🍟 More Advantages

💎 Fair Reward System: You receive your reward based on your activities executed.

💎 Equality of Opportunity (No gender barrier): Everybody is equal.

💎 Distribution of Wealth: You keep earning in as much your content keeps generating engagement.

Blockchain Projects Using Social Mining At DaoLabs

#Avalanche Blockchain

#Polygon Blockchain

#KAVA Network

#WAX Blockchain

All these four social mining platforms a single user can from there, including the social mining platform for DaoLabs (DAOVERSE). This simply means, there are five social mining platforms at the moment.

I will conclude to say, Social Mining is leveraging on a network of contributors bringing in their diverse skill sets to make a product successful. Take some moment to carry out research on Social Mining and drop your comment on this post for assistance.

Note: I am not a financial advisor, take this article as an educational piece that requires more research on a personal note.