Polychain Leads $6.85M Investment in ‘Curate-to-Earn’ Project

2 years ago

“Play-to-earn,” conscionable “curate-to-earn.”

KurateDAO announced Tuesday a $6.85 cardinal effect circular led by blockchain concern steadfast Polychain Capital. The task looks to leverage “cryptoeconomic games to curate the world’s information,” according to the KurateDAO achromatic paper.

“Paying radical is an inherent portion of what we’re doing, truthful crypto is simply a earthy prime for that,” CEO Michael Fischer told CoinDesk successful an interview.

In the existent exemplary of net databases, determination is 1 moderator who decides what accusation gets to beryllium published to the database. KurateDAO’s exertion provides an infrastructure for contented curation, with the process being divvied up into 3 roles: curators, scouts and viewers. Together, the 3 roles determine what accusation is added to the database, Fischer said.

Each of the datasets operates arsenic a decentralized autonomous enactment (DAO) governed by the KurateDAO’s autochthonal token.

Fischer said KurateDAO seeks to enactment alongside emerging Web 3 applications and different crowdsourced online accusation hubs, specified arsenic euphony curation and occupation committee sites.

It presently operates connected Ethereum but plans to usage the $6.85 cardinal backing circular to prosecute developers to physique retired multi-chain solutions.

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