SOCIALFI

#defi
#GameFi
#SocialFi
#Metaverse
DeFi, GameFi,
SocialFi Metaverse
In the context of the metaverse, DeFi
(Decentralized Finance),
GameFi
(Gaming Finance),
and SocialFi (Social Finance) are
emerging as key
components that drive the development and expansion of this
virtual universe.
These elements must work in unison to ensure the metaverse's scalability
and functionality.
-DeFi
represents the reimagining of traditional financial systems on the
blockchain, enabling peer-to-peer financial transactions without
intermediaries.
In the metaverse, DeFi facilitates financial activities such as lending,
borrowing, staking, and yield farming through decentralized platforms,
enhancing liquidity and enabling efficient trading .
-GameFi
integrates blockchain technology into gaming, introducing
ownership, scarcity, and value to in-game assets.
This allows gamers to monetize their digital prowess and invest in virtual
economies.
In the metaverse, GameFi enables players to earn and trade digital assets
that hold real-world value, creating a thriving economy within the virtual
space .
SocialFi, on the other hand, redefines social interactions by empowering
users with ownership, privacy, and control over their personal data.
Blockchain-based reputation systems enable users to build trust and
credibility, fostering new forms of community and collaboration within
the metaverse .
Together, these components ensure the existence and scalability of the
metaverse alongside blockchain networks, smart contracts, virtual
reality, and other decentralized platforms.
For the metaverse to scale as an open-source ecosystem, perfect coordination between DeFi, GameFi,
and SocialFi is essential.
Each of these elements plays a distinct role:
DeFi handles the financial aspects,
GameFi manages the experiential
aspects, and
SocialFi addresses the credibility issues involving economic actors.
This integration is crucial for creating a vibrant, inclusive, and prosperous
metaverse experience
#Write2Earn

In the rapidly evolving landscape of Web3, Friend3 emerges as a trailblazer, set to disrupt traditional social media platforms and their monetization strategies. Democratizing Social MonetizationFriend3's primary mission is to decentralize social monetization. It reimagines the way content creators and communities interact and profit from their contributions. This is achieved through an innovative approach that includes customizable pay-per-group communities and a decentralized donation mechanism. By empowering content creators to earn automated passive income, Friend3 motivates them to produce high-quality content and foster thriving communities. However, it doesn't stop there.Economic Inclusion for AllFriend3's vision goes beyond content creators, as it offers regular users the opportunity to monetize by joining groups early. This inclusivity paves the way for a more diverse and financially empowered ecosystem.Decentralized Governance and SecurityTo ensure transparency and effective governance, Friend3 follows a community-driven decision-making process. Moreover, all transactions on the platform are secured by audited and open-source smart contracts, guaranteeing a transparent and secure experience for all users.Broad ApplicationWhile Friend3 is initially positioned as a social interaction platform, its pricing group mechanism can be applied to various other rights-based scenarios, extending its impact across multiple domains.Robust PartnershipsFriend3's journey is bolstered by support from industry giants like BNB Chain . These strategic partnerships contribute to its sustained growth and ecosystem development.At the heart of Friend3's innovative approach are Pricing Groups, which encourage high-quality content production, offer decentralized pricing, and inject liquidity into various membership structures. Friend3's decentralized application framework generates income primarily from transactions and donations within communities, fostering a self-sustaining ecosystem.In the face of competition, Friend3 stands out due to its unique features, including customizable pricing curves, innovative SocialFi elements, strong partnerships, and an unwavering commitment to security.Friend3's marketing strategy is built on collaboration with the BNB ecosystem, network expansion, cross-promotion with partners, and an expansion to other social platforms like Discord and Telegram.The $F3 token plays a central role in the Friend3 ecosystem, serving various functions, including access control, payment, governance, staking, incentives, ecosystem support, and reducing transaction fees.With an ambitious roadmap ahead, the Friend3 team, with its diverse experience in technology, finance, and community engagement, is well-equipped to drive the platform's evolution and success.Friend3 is poised to revolutionize the social monetization landscape with its customizable pay-per-group communities, decentralized monetization, and a wealth of innovative features. Backed by strong partnerships, a solid marketing strategy, and a dedicated team, Friend3 is positioned to become the next generation of social media in the Web3 world. As the SocialFi revolution continues to gain momentum, Friend3 is at the forefront, reshaping the future of social monetization.#Friend3 #SoFi #socialfi #ChainGPT #CGPT /Partnership

Socrates, a pioneering Web3 social media platform, has attracted a substantial number of users engaging in debates and earning rewards on the platform over the past few months. Last month, Socrates issued its governance token, SOC, and conducted two airdrop events to express gratitude to early active users. With much anticipation, SOC will be available on BitMart, MEXC, BingX, and LBANK. The SOC/USDT trading pair will be officially available for trading at 07:00 (UTC) on January 29, 2024.
Upholding the core principles of GameFi and SocialFi, SOC is set to unlock new possibilities for its holders. Future SOC holders will have the unique opportunity to upgrade their NFT Pioneer Pens with different attributes, adding more excitement to the entire Socrates platform. This enhancement will enable users to develop their own reward strategies, making SOC even more appealing to a broader audience. As the platform continues to evolve, it is evident that SOC is not just a cryptocurrency but a dynamic ecosystem fostering engagement, creativity, and user-driven development.
More About SOC
SOC is the governance token for Socrates, which is an ERC-20 governance token native to the Ethereum Mainnet chain. The platform empowers its token holders with the authority to influence its developmental trajectory through voting on pivotal governance decisions, updates, and proposals. SOC stands as the cornerstone of a system designed to revolutionize communication and idea exchange, positioning itself as a leader in integrating blockchain principles with social interaction.
Based on ERC20, SOC has a total supply of 100 million (i.e. 100,000,000). The SOC token distribution is as follows: 51% to Socrates community members, 25% to the Socrates Ecosystem Foundation, 15% to the founding team, 5% for marketing, and 4% to early-stage investors.
The SOC token is poised for its debut on LBank, BitMart, BingX and MEXC at 7:00 UTC on January 29, 2024. Users who are interested in SOC can easily buy and sell on LBank Exchange now.
Token address: 0x3250577E12b9469915C1Fa3a71C22817Ca44C4D9 https://etherscan.io/token/0x3250577E12b9469915C1Fa3a71C22817Ca44C4D9Token decimal: 18Token Supply: 100,000,000 SOC
To learn more about Socrates (SOC), please visit our Website, follow our X (Twitter), and join our Telegram.
About Socrates
Socrates is the world’s first SocialFi Debate-to-Earn platform, revolutionising how individuals engage with social media. Merging the best of Social-Fi and Game-Fi, the platform offers a unique opportunity for users to earn rewards through participating in multiple-choice Q&As, debates, and sharing knowledge. It encourages free thinking and battles misinformation with an intuitive interface that supports open debates on diverse topics, from politics to entertainment.
Socrates is dedicated to empowering individuals to voice honest opinions and share diverse perspectives. The platform features an incentivised ecosystem where interactions contribute to the prize pool of each question, rewarding meaningful contributions and popular discussions. Utilising decentralised blockchain technology, it ensures transparency, security, and privacy, enhancing user experience while reducing spam.
As a global, community-focused organisation, Socrates breaks geographical barriers, driven by members from various sectors in fintech, web3, and crypto. Committed to expanding access to unfiltered dialogue, Socrates shapes a future where every voice is heard and valued.
Learn more at socrates.com.
Reference: https://nftstudio24.com/socrates-soc-token-makes-a-splash-in-crypto-markets-with-exchange-listings/
#SOC #cryptonews #socialfi #GamingRevolution #Socrates

SocialFi: Redefining Social Media with Decentralized Finance
Social media has become an undeniable force in our lives. But what if users had more control over their online presence and could directly benefit from their content and interactions? Enter SocialFi, a revolutionary concept that merges the power of Decentralized Finance #DeFi with social media, creating a more equitable and user-centric online experience.
What is SocialFi?
#SocialFi short for Social Finance, is a transformative concept that empowers individuals by allowing them to monetize their social interactions. It disrupts the traditional social media model where platforms hold the power and users simply consume content. Here's what sets #socialfi apart:
Tokenized Social Capital: Your social influence and engagement are translated into tangible value through tokens.Blockchain-based Data Storage: Information is secured and transparent, mitigating manipulation and censorship.Decentralized Governance: DAOs (Decentralized Autonomous Organizations) give users control over protocols, reducing reliance on centralized decision-making.
How Does SocialFi Work?
Imagine a social media platform where creators can directly engage their audience and earn rewards for their content and interactions. This is the essence of SocialFi. Similar to Patreon, creators can bypass intermediaries and build a direct relationship with their supporters.
Uniquely, SocialFi leverages elements like:
#NFTs (Non-Fungible Tokens): Content creators can own and monetize their work through NFTs, fostering digital ownership.DAO Governance: Users participate in platform governance through DAOs, ensuring a more democratic and user-driven ecosystem.
SocialFi vs. DeSoc (Decentralized Social Networks)
While both SocialFi and DeSoc aim to create a decentralized social media landscape, their primary focus differs. DeSoc prioritizes user-owned identities and data control, whereas SocialFi emphasizes monetizing social interactions. Both offer content hosting and audience engagement, but SocialFi introduces the financial aspect.
Why Does SocialFi Matter?
Existing Web2 platforms have limitations. They centralize control, limit individual brand value, and raise concerns about censorship, privacy, and data monetization. SocialFi, rooted in #Web3 principles, offers a solution:
Tokenize Your Influence: Convert your social capital into a measurable token, giving it tangible value.Empower Users: Transition from passive participants to active contributors who can monetize their content and influence.Decentralized Curation: Mitigate censorship by shifting content moderation to a collective responsibility.
The Future of SocialFi
SocialFi holds immense potential to reshape online interactions. It empowers users, facilitates commerce between creators and audiences, and promotes a more democratic and transparent online environment. As SocialFi evolves, we can expect a shift towards a user-centric social media landscape where ownership, control, and value creation are placed firmly in the hands of the users.

The gas for the task sign-in mint may not be enough. The official has previously subsidized the gas with cyber. The cyber coins under the cyber network in the wallet cannot be directly exchanged. Cross-chain exchange is required. The detailed tutorial is as follows:
(Like + follow to prevent getting lost, otherwise you won’t be able to find it later)
Step 1: After entering the event page, link your wallet and click claim in Exclusive Rewards. (Claim the gas as a subsidy to the cyber network)

Step 2: Click the subscript in the upper right corner and select CYBER Bridge.

Step 3: Select the OP network and click Max. (You need to have ETH as gas in the OP network. If you don’t have it, you can withdraw some ETH from the Binance exchange to the OP network)

The convergence of blockchain technology’s transformative potential with the gaming industry’s limitless creativity is quietly heralding a disruptive shift in the realm of Web3 gaming. However, to unearth and realize the potential value of Web3 gaming, relying solely on a single technology or platform is far from sufficient. It calls for an open, symbiotic, and sustainable ecosystem, calling for fundamental shifts in values ​​and behavioral logic among participants.
Social interaction, as the most successful business model in the Internet field, encompasses people’s daily social, shopping, work, business, gaming, finance, video, and live streaming activities, forming a diverse ecosystem. By creating the first batch of user traffic based on Web3 social interaction, developing gaming ecology to bring users new social and entertainment methods, further increasing user stickiness, and bringing more users and traffic to INTO, it continuously empowers the ecosystem. INTO not only provides the necessary technical and economic infrastructure for Web3 gaming but also opens up an innovative path for the integration and development of gaming ecology. During social interaction, it can realize the aggregation of social finance, social e-commerce, social gaming, social media, and other ecosystems, thereby achieving stronger user stickiness and activity.

Opening the Door to Change: Unveiling the Innovative Path of Web3 Gaming
When it comes to Web3 gaming, initially game developers and platforms typically reap the majority of profits, while players’ contributions often go unrewarded. This imbalance dampens players’ enthusiasm and hinders the healthy development of the gaming ecosystem.To tap into the true potential of Web3 gaming, we need to completely overhaul how value is distributed, making sure that everyone involved gets a fair share for their contributions.
Secondly, the prevailing model for producing game content is predominantly a top-down, one-directional approach, which can suppress player creativity and diminish their sense of involvement.This leads to problems such as homogenization of game content and rigid gameplay, weakening the innovation vitality of the gaming ecosystem. To fully unleash the creative potential of Web3 gaming, the method of content production must be fundamentally reconstructed, allowing every player to become a co-creator of the gaming world.
Finally, in traditional gaming ecosystems, game assets and value are difficult to freely flow across game and platform boundaries, severely constraining the prosperity of the gaming economy. To build a highly connected, dynamically circular Web3 gaming economic system, the path of value circulation must be fundamentally reconstructed, allowing game value to be efficiently allocated and appreciated on a larger scale. INTO’s first Web3 game Phantom Arena, where both wins and losses yield value returns, is set to start closed beta testing in early April. Each game requires holding Phantom Arena NFTs to participate, with only 10,000 NFTs initially issued, making them scarce resources with significant value appreciation potential.
The earlier you own a Phantom Arena NFT, the earlier you have a social node and access to early game dividends. However, the initial batch of NFTs is limited in release, and acquiring Phantom Arena NFTs later on will only be possible by buying them on the NFT marketplace or by hatching Phantom Babies.
The Phantom Baby hatching model aims to achieve shared ecological traffic, incentivize and mobilize active participation in all projects in the INTO social ecosystem, empowering their project tokens with value again, and attracting more ecological projects to join the INTO ecosystem and Match public chain, bringing in more user traffic into the INTO ecosystem market, once again forming a traffic aggregation effect, and further promoting the prosperity and development of the entire INTO Web3 social ecosystem system.
Currently, the Star Project of the INTO platform has attracted communities of 30 projects globally. This Phantom Baby hatching plan will once again empower the community with value and attract more projects, guilds, and DAOs to join the INTO ecosystem.
In summary, these problems are difficult to solve in the current network environment. To reconstruct the value system of Web3 gaming from the perspective of the ecosystem, a truly open, shared, and sustainable gaming new ecosystem must be built through systematic changes in technology, mechanisms, culture, and other aspects. This ecosystem will completely overturn the traditional value logic of games, enabling every participant to become the protagonist of the gaming world, providing fertile ground for every idea to be realized, and ensuring maximum circulation and appreciation of every value. This is the fundamental starting point and foothold for INTO to reconstruct the Web3 gaming ecosystem.

INTO Reshaping the Gaming World: Exploring the New Landscape of Web3 Gaming
The new ecosystem of Web3 gaming reconstructed by INTO is a value-centric, player-centric, creativity-oriented, and co-building-oriented ecosystem. In this system, the game is an open, dynamic, and continuously evolving value network. In this ecosystem, INTO’s Web3 game Phantom Arena is compatible with three public chains: Match, BSC, and ETH. The game features built-in NFT generation, an NFT marketplace, equipment exchange, NFT pools, and offers multiple players the opportunity to engage in real-time battles in chosen arenas to attain top rankings and win various rewards.
Firstly, by introducing blockchain and tokenomics, INTO’s gaming ecosystem will feature a transparent, fair, and trustworthy value distribution mechanism. Under this mechanism, every participant’s contribution, whether playing games, creating content, or providing computational resources, will receive corresponding token rewards. These rewards not only reflect the immediate value of participants but also represent their long-term commitment and trust in the gaming ecosystem. Through this approach, INTO achieves fair distribution of game earnings among all participants, stimulating intrinsic motivation for participation and contribution.
Secondly, by introducing DAO mechanisms, INTO hands over the decision-making power of the game to the player community. In this ecosystem, every token holder can equally participate in the governance process of the game, including proposing, discussing, and voting. These proposals may involve modifications to game rules, allocation of development resources, arbitration of disputes, and more. Through DAO, the development direction and major decisions of the game will be jointly determined by community members. The “community-driven” governance model guarantees that the game’s development is consistently aligned with the players’ interests and needs, thereby actualizing true player autonomy.
Ultimately, this ecosystem facilitates the reconfiguration of game value exchange. INTO creates an open, interconnected value network that seamlessly integrates in-game value with external value circulation channels.Within the ecosystem, players can freely trade, lease, and stake their game assets (such as NFTs, tokens, etc.), facilitating value flow and appreciation. Outside the ecosystem, INTO also supports cross-chain value transfer and cross-platform identity authentication, allowing players’ assets and identities to migrate freely between different games and platforms. Through this approach, INTO greatly expands the space for game value circulation, enabling every piece of value to find the best path to realization.
INTO drives the construction of a new ecosystem for Web3 gaming

INTO’s drive towards the construction of a new ecosystem for Web3 gaming can be summarized as a “three-in-one” ecological restructuring strategy. These four dimensions are respectively the value reconstruction at the technical level, the incentive reconstruction at the economic level, and the governance reconstruction at the community level. They support each other, promote each other, and together build INTO’s Web3 gaming ecosystem.
Firstly, at the technical level, by utilizing blockchain technology, INTO builds a secure, transparent, and trustworthy value infrastructure. Specifically, INTO utilizes the characteristics of blockchain such as distributed ledger and smart contracts to digitize and tokenize game assets. Each virtual item within the game, such as equipment, props, characters, etc., is mapped to a unique NFT. These NFTs represent the real ownership of players over game assets and can be freely traded, leased, pledged, etc., similar to real-world assets, achieving value reconstruction.
Secondly, at the economic level, INTO designs a mutually beneficial token economic model to build a fair, efficient, and sustainable value distribution mechanism. In this system, INTO’s gaming ecosystem will use $TOX, and players can earn $TOX by contributing in the game, such as gameplay duration, achievement levels, content creation, resource sharing, etc. These $TOX tokens are not only immediate rewards for player contributions but also basic credentials for participating in game governance and sharing game earnings. In this model, every game action of players is a process of creating value and can receive corresponding economic returns, greatly stimulating players’ enthusiasm and creativity, providing a continuous source of intrinsic motivation for the prosperity of the gaming ecosystem.
Lastly, at the community level, it is through shaping values and establishing behavioral paradigms to build an open, inclusive, and innovative gaming culture ecosystem. INTO advocates core Web3 values such as “decentralization,” “co-creation and sharing,” and “player sovereignty,” deeply embedding them into game design, community building, economic models, etc. Guided by these principles, INTO actively promotes the openness of game creation and gameplay, encourages player participation in the production and governance of game content, advocates for shared mechanisms for resources and earnings, promotes the fair distribution of game benefits among all participants, and consistently upholds the principle of player interests first, respecting and safeguarding players’ sovereignty rights over their game assets and data.
It can be foreseen that as INTO’s ecological restructuring continues to deepen, a truly meaningful Web3 gaming new ecosystem, a new type of gaming economic form characterized by player-centeredness, creativity orientation, and co-building and sharing, will accelerate under INTO’s leadership. The rise of this new ecosystem will not only redefine the direction of the gaming industry, it will also offer a clear and impactful example of what the digital economy era will bring.

[>>> READ ORIGINAL ARTICLE <<<](undefined)

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.
Website | Twitter | Discord | Telegram

#socialfi #web3crypto #Web3SocialMedia #INTOverse #IntoTheFuture

In this digital age, data has become an intangible wealth, and the ways in which we control and utilize data are undergoing profound changes. When we talk about big data, we often focus on its vast scale, high value, and wide-ranging applications. However, we rarely ask: where does this data come from? And where will it go? Under the traditional internet model, user data is monopolized by platforms, leaving users in an exploited position in data production. This unequal data production relationship not only violates users’ data rights but also hinders the full realization of data value.
However, the emergence of Web3 technology offers the possibility to reshape data production relationships and build a new type of big data ecosystem. The principles advocated by Web3, such as decentralization and user-controlled data, align perfectly with INTO’s concept of “user data sovereignty.” INTO is building a new Web3 big data ecosystem where users have autonomous control over their data, and data value returns to users, all based on Web3 technology. Through systematic reshaping of data rights, circulation, application, distribution, and other processes, a completely new mechanism for the socialization of data operations is being constructed. This mechanism, centered around users, adheres to the principle of compatible incentives, guided by open collaboration, and aims for value sharing, painting a beautiful picture of a new Web3 big data ecosystem.

Traditional Data Hegemony Encounters Decentralization Revolution
In the earlier days of the internet, ‘big data’ typically meant that massive corporations had exclusive control over vast quantities of data. Taking advantage of their platform’s reach, these companies harvested and stockpiled extensive user data in various ways, essentially building vast data kingdoms. Much of this data was gathered without users fully realizing it, as they engaged in online activities. Although users benefited from the services these platforms provided, they were, in essence, supplying their personal data to them without clear intention or reward.
The relationship between data production and control is significantly lopsided. On one side, users, who generate data, can’t manage their own information or reap any financial benefits from it. Their data ends up being a means for platform-driven profit and monopolistic power, with users essentially serving as unpaid data miners. On the flip side, the tight grip that these platforms have on data can lead to a slew of issues, including privacy invasions and the mishandling of data, which seriously compromise user rights.
Even more concerning is that this monopolistic data model impedes the full realization of data value. Since data is controlled and locked by platforms, it is difficult for other entities to access and utilize this data, limiting its circulation and application. This not only results in inefficient data utilization and wastage but also stifles innovation and collaboration based on data. Data should be a public resource driving social progress, but under the shadow of monopolies, it becomes the private property of giants to exploit for profit.
Faced with this unequal and irrational data production relationship, Web3 offers a completely new solution. The decentralization principles advocated by Web3 fundamentally undermine the foundation of centralized platform data monopolies. In the world of Web3, users can utilize decentralized infrastructure such as blockchain and IPFS to autonomously store, manage, and circulate data.
In this model, users transition from passive data providers to data owners. They can autonomously decide how to store and use their data, as well as choose to share data for compensation, thereby benefiting from the value of the data. This means that users not only regain control over personal data but also become beneficiaries of data value.
Meanwhile, decentralization also paves the way for data to flow freely and be used collaboratively. In the Web3 ecosystem, data isn’t hoarded by platforms but is accessible in an open and transparent environment. This shift facilitates the sharing and trading of data among various parties, leading to the creation of more inventive applications and services that leverage this data. As a result, the inherent value of data is unlocked and magnified across a broader spectrum.
Web3 introduces an entirely new toolkit for reshaping the way we create and handle data. It empowers users with ownership over their data, heralding a groundbreaking shift away from the old ways of data dominance. This transformation is about safeguarding user rights and unlocking the true worth of data. It signifies the dawn of a new big data age — an age where data is genuinely owned by the collective. INTO recognizes this momentous shift and aims to be at the forefront, leading the charge in establishing the Web3 big data ecosystem.

Web3 Big Data Ecosystem: Decentralization, Equity Restoration, Privacy Protection
The Web3 Big Data Ecosystem is a data ecosystem built on Web3 technologies such as blockchain, decentralized storage, and privacy computing, distinguishing itself from traditional centralized big data systems with the following core characteristics:
Firstly, the Web3 Big Data Ecosystem is highly decentralized. It utilizes blockchain technology to construct a data network, achieving distributed storage and processing of data. In this network, no single node can control or manipulate the entire dataset, greatly enhancing the security and reliability of data. Decentralization also empowers users with direct control over their data. Users can control their data assets through private keys, enabling autonomous storage, management, and circulation of data.
Secondly, the Web3 Big Data Ecosystem restores data rights. In this ecosystem, users are no longer passive data contributors but the primary beneficiaries of data value. Through token incentives and smart contract technology, users can earn economic rewards through data sharing and transactions. This “earn money with data” model returns the channels and power of data monetization to users, reshaping the distribution pattern of the data economy and allowing ordinary users to truly share in the wealth of data.
Thirdly, the Web3 Big Data Ecosystem achieves unprecedented privacy protection. An intuitive approach to privacy protection is anonymization, where users’ names, phone numbers, IDs, etc., are processed anonymously, becoming a string of characters that cannot be reverse-calculated, while only meaningful data for analysis is retained. For example, zero-knowledge proof technology allows verification of data authenticity without disclosing data content; homomorphic encryption technology enables direct computation and processing of data in encrypted states. Through these technologies, even during data sharing and transactions, user privacy can be well protected. Data can circulate securely between different entities without worrying about privacy breaches.
Finally, the Web3 Big Data Ecosystem demonstrates unprecedented openness and inclusivity. Data barriers between different entities are broken down, allowing data to freely circulate and exchange on a larger scale. This will greatly promote the optimal allocation of data elements, stimulating more innovative applications and services based on data. At the same time, openness also implies the possibility of more value creation. Anyone can derive new business models and service scenarios based on shared data.
This is the essence of the Web3 Big Data Ecosystem. INTO embarks on the journey of building a new Web3 big data ecosystem based on profound insights into this essence, innovating with technology and mechanisms, reshaping data production relationships, empowering every data entity, and ensuring that the value of data benefits all participants.

Return of Data Value: INTO Leads the Way in Web3 Big Data Innovation
INTO, a trailblazing project in the Web3 space, is forging a novel path in the creation of the Web3 big data ecosystem with a blend of technological advancements and innovative approaches. This strategy can be encapsulated by a “four-in-one” model: consisting of on-chain data, smart distribution, privacy protection, and value feedback. These four aspects are interwoven, supporting and enhancing each other to embody INTO’s comprehensive vision for establishing a robust Web3 big data ecosystem.
Firstly, INTO utilizes blockchain technology to achieve “on-chain data,” providing decentralized infrastructure for the big data ecosystem. In the INTO ecosystem, each user’s data is encrypted and stored on the blockchain, forming a distributed database. The immutability and distributed recording of the blockchain ensure the security and reliability of data storage. Moreover, on-chain data also implies the confirmation of data ownership. Each piece of data is bound to the user’s digital identity, thus achieving native protection of data ownership.
On-chain data lays a solid technological foundation for the Web3 big data ecosystem. Building on this foundation, INTO further enhances the efficiency of data circulation and utilization through the “smart distribution” mechanism. Smart distribution refers to the use of smart contracts and token incentives to achieve intelligent matching and automatic trading of data among different entities.
Specifically, data demanders can express their data needs by deploying smart contracts and attaching corresponding token rewards. Data suppliers, on the other hand, can choose suitable contracts to provide data based on their own data resources and preferences. The entire process is executed automatically by smart contracts, ensuring the efficiency and fairness of data transactions. Meanwhile, token incentives also stimulate the enthusiasm of all parties to participate in data circulation, unlocking greater value in societal collaboration.
Of course, the premise of data sharing and trading is privacy security. INTO fully leverages various privacy computing technologies to construct a solid “privacy protection” barrier. For example, INTO adopts technologies such as differential privacy and secure multi-party computation to achieve data fusion and analysis across organizations while protecting the original data from leakage. Even in the process of sharing data, users’ privacy remains intact.
Lastly, INTO has implemented a thoughtfully crafted “value feedback” mechanism that redirects the value generated by data back to the users, ensuring a fair distribution of data dividends. Within the INTO ecosystem, users are not only granted full ownership of their personal data but also stand to gain financial benefits through various means such as data authorization and data staking in the future. This ecosystem empowers users with both complete control over their data and the opportunity to reap the real-world value it generates, actualizing the tangible value of data ownership and its associated benefits.
INTO’s approach to big data represents a deep reassessment of traditional data production dynamics and a visionary investigation into the evolution of the digital economy. As INTO continues to grow and refine its offerings, it is expected to play a significant role in constructing a digital society that is equitable, open, and transparent, ultimately contributing to a more promising digital future for all.

[>>> READ ORIGINAL ARTICLE <<<](undefined)

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.
Website | Twitter | Discord | Telegram

#socialfi #web3crypto #Web3SocialMedia #INTOverse #IntoTheFuture