CurateDAO Launches Curation on Avalanche
CurateDAO Launches Curation on Avalanche, CurateDAO’s “curate-to-earn” protocol is on Avalanche.
Users of the protocol construct boards like to Pinterest and get AVAX tokens when other users deem them useful. With a smart contract, boards may pay curators and content providers a portion of their earnings.
Already, CurateDAO Launches Curation on Avalanche offers a wide range of curated lists: high-quality Web3 apps, security vulnerabilities, codes for NYC bathrooms, secret speakeasies, lists of metaverse governance books, job boards, futuristic sneakers, and much more.
CurateDAO has launched on the Avalanche C-Chain, with plans to move to a Subnet to accommodate growth. Blizzard the Avalanche Fund has made a strategic investment in CurateDAO.
Fundamentally, CurateDAO is a community-created curation protocol that rewards curators and data scouts for high quality contributions. Here’s how it works:
- A curator mints a curation and defines the guidelines for what information should exist in the curation. Anyone can be a curator.
- Scouts find information for the curation using its guidelines.
- The curator decides which elements are accepted into the curation. If the curator makes bad decisions, scouts should no longer contribute to that curation.
- The curation earns money over time either through advertisements, affiliate links, paid subscriptions, or benefactors.
CurateDAO improves the Web2 data curation model in key ways. For one, to attract high-quality data, CurateDAO passes revenue and ownership of the curation to the people that did the work to build the curation. Contributors earn recurring AVAX payments as the curation becomes popular.
The relationship between data, voting, and tokens made Avalanche the natural choice for the protocol’s underlying blockchain. Using a blockchain creates new obstacles, such as transaction fees and throughput requirements. Avalanche has the uptime, security, low transaction fees, and sub-second finality for CurateDAO to run smoothly.
About CurateDAO
CurateDAO is a new protocol that uses a prediction market to curate large datasets. At a high level it is a new type of database for end-user facing web3 apps. The next wave of web3 apps will be more user facing and require a database. CurateDAO is easy for developers to set up and helps them to build web3 apps more quickly.
About Avalanche
By calculating the shortest time to finality, Avalanche is the blockchain industry’s quickest smart contracts platform. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
