The cryptocurrency community is buzzing with discussions about Arbitrum’s Reputation NFTs and the possibility of using them for claiming retroactive airdrops in the future. The Reputation NFT system, introduced by ArbitrumDAO, is set to go live on Arbitrum soon, as analysts from TogetherCrew have received a grant to work on this project. This system aims to measure and verify the social media activity of Arbitrum enthusiasts to calculate their context within the community. The non-transferable NFTs will be minted for free via the TogetherCrew UI and will be used for governance rewards and as a portable credential.
The Reputation NFTs will be created by contributors who will participate in conversations on platforms like Discord, Discourse, Telegram, and Github. The algorithm will analyze these interactions and social graphs to determine the level of context someone has within the community. This Sybil-resistant approach can be used for rewards and as proof of membership/participation. The exact list of social media platforms eligible for analysis has not been disclosed yet, but the project is fully funded through grants.
Arbitrum recently launched a massive gaming Catalyst Program, aimed at driving adoption of Arbitrum, its L3 development framework Orbit, and its language-agnostic SDK Stylus in the Play-to-Earn and GameFi sectors. The program received 225 million ARB tokens and is focused on immediate adoption of the platform in the gaming industry. The timeline for the activation of the Reputation NFT system has not been revealed yet, but the platform behind it has already created similar systems for Aave and other actors in the crypto market.
The controversial proposal of using Arbitrum’s Reputation NFTs for claiming retroactive airdrops has sparked a debate within the cryptocurrency community. The Reputation NFT system, introduced by ArbitrumDAO and incubated by RnDAO, aims to measure the social media activity of Arbitrum enthusiasts to calculate their context within the community. The non-transferable NFTs will be minted for free via the TogetherCrew UI and can be used for governance rewards and as a portable credential.
The Reputation NFTs will be created by contributors who participate in conversations on platforms like Discord, Discourse, Telegram, and Github. The algorithm will analyze these interactions and social graphs to determine the level of context someone has within the community. This approach is Sybil-resistant and can be used for rewards and as proof of membership/participation. While the exact list of social media platforms eligible for analysis has not been disclosed yet, the project is fully funded through grants.
Arbitrum’s Reputation NFT system is set to go live soon, as TogetherCrew analysts have received a grant to work on the project. The system aims to measure and verify the social media activity of Arbitrum enthusiasts to calculate their context within the community. The non-transferable NFTs will be minted for free via the TogetherCrew UI and can be used for governance rewards and as a portable credential. The platform behind the Reputation NFTs has created similar systems for Aave and other actors in the crypto market, and the exact timeline for the activation of the Reputation NFT system has not been revealed yet.
Arbitrum recently launched a massive gaming Catalyst Program focused on driving adoption of Arbitrum, its L3 development framework Orbit, and its language-agnostic SDK Stylus in the Play-to-Earn and GameFi sectors. The program received 225 million ARB tokens and is aimed at immediate adoption of the platform in the gaming industry. The controversial proposal of using Arbitrum’s Reputation NFTs for claiming retroactive airdrops has stirred up a debate within the cryptocurrency community, with many questioning the implications of such a move. As the community awaits further details about the Reputation NFT system and the criteria for claiming retroactive airdrops, it remains to be seen how this new proposal will impact the future of cryptocurrency.
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