You Can Now Earn NFTs by Learning About Blockchain Technology

A gamified academic platform from Stellar Improvement Basis (SDF) lets folks earn non-fungible tokens (NFTs) by studying about blockchain expertise generally and Stellar ($XLM) Network particularly.

Stellar is “an open-source community for currencies and funds”, and it “makes it doable to create, ship and commerce digital representations of all types of cash—{dollars}, pesos, bitcoin, just about something.” Stellar “depends on blockchain to maintain the community in sync, however the end-user expertise is extra like money—Stellar is far quicker, cheaper, and extra energy-efficient than typical blockchain-based programs.”

Stellar community, which was launched in 2014, has “a local digital foreign money, the lumen, that’s required in small quantities for initializing accounts and making transactions.”

Right here is one use case for Stellar:

“You may create a digital illustration of a U.S. greenback—on Stellar you’d name this a “greenback token”—and you’ll inform the world that every time somebody deposits a conventional greenback with you, you’ll difficulty them certainly one of your new tokens. When somebody brings that “greenback token” again to you, you promise to redeem it in flip for one of many common {dollars} in that deposit account.

“Primarily, you arrange a 1:1 relationship between your digital token and a conventional greenback. Each certainly one of your tokens out on this planet is backed by an equal deposit. So whereas folks maintain the tokens, they’ll deal with them similar to conventional cash, as a result of they know that they’re exchangeable for conventional cash ultimately.“

The unique Stellar Quest platform, which was created by SDF ecosystem evangelist Tyler van der Hoeven and launched in October 2020, was geared toward builders and it featured reside challenges (akin to creating and funding a Stellar account). For finishing every problem, you’d get awarded a badge and a few $XLM tokens.

Based on a blog post revealed by SDF on April 11, Stellar Quest Learn gained’t operate a lot otherwise than the prevailing Stellar Quest web site,” and “you’ll nonetheless be capable of play quests at any time, in any order.” With Stellar Quest Study, “you’ll be able to go at your individual tempo,” and ending every quest “earns you a novel, contemporary NFT badge (coming quickly!) that you just’ll be capable of show, or boast about, in your Stellar Quest profile.” 5 quests can be found now, and SDF plans to “add new units commonly.”

Customers of Stellar Quest Study earn NFTs by “finishing modular quests that leverage Stellar’s API and SDKs”. They unlock and obtain NFTs after every quest that they full. They’re additionally capable of show their NFT badges of their Stellar Quest profile.

The SDF weblog put up went on to say that the prevailing Stellar Quest Reside, “the place quests are reside and timed occasions which are hosted periodically,” will nonetheless be round:

“We are going to proceed to host reside occasions periodically as a separate and supplemental expertise to Study. Face-off towards different builders to unravel new and distinctive timed challenges on the Stellar community.“

As earlier than, $XLM rewards will likely be obtainable for finishing reside quest occasions.

In different phrases, the unique Stellar Quest has been “cut up into two most important parts: Stellar Quest Reside and Stellar Quest Study.”

Disclaimer

The views and opinions expressed by the writer, or any folks talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a threat of economic loss.