Published on April 16th, 2022 📆 | 8616 Views ⚑
0You Can Now Earn NFTs by Learning About Blockchain Technology
A gamified educational platform from Stellar Development Foundation (SDF) lets people earn non-fungible tokens (NFTs) by learning about blockchain technology in general and Stellar ($XLM) Network in particular.
Stellar is âan open-source network for currencies and paymentsâ, and it âmakes it possible to create, send and trade digital representations of all forms of moneyâdollars, pesos, bitcoin, pretty much anything.â Stellar ârelies on blockchain to keep the network in sync, but the end-user experience is more like cashâStellar is much faster, cheaper, and more energy-efficient than typical blockchain-based systems.â
Stellar network, which was launched in 2014, has âa native digital currency, the lumen, thatâs required in small amounts for initializing accounts and making transactions.â
Here is one use case for Stellar:
âYou can create a digital representation of a U.S. dollarâon Stellar youâd call this a âdollar tokenââand you can tell the world that whenever someone deposits a traditional dollar with you, youâll issue them one of your new tokens. When someone brings that âdollar tokenâ back to you, you promise to redeem it in turn for one of the regular dollars in that deposit account.
âEssentially, you set up a 1:1 relationship between your digital token and a traditional dollar. Every one of your tokens out in the world is backed by an equivalent deposit. So while people hold the tokens, they can treat them just like traditional money, because they know that theyâre exchangeable for traditional money in the end.â
The original Stellar Quest platform, which was created by SDF ecosystem evangelist Tyler van der Hoeven and launched in October 2020, was aimed at developers and it featured live challenges (such as creating and funding a Stellar account). For completing each challenge, you would get awarded a badge and some $XLM tokens.
According to a blog post published by SDF on April 11, Stellar Quest Learn wonât function much differently than the existing Stellar Quest site,â and âyouâll still be able to play quests at any time, in any order.â With Stellar Quest Learn, âyou can go at your own pace,â and finishing each quest âearns you a unique, fresh NFT badge (coming soon!) that youâll be able to display, or boast about, in your Stellar Quest profile.â Five quests are available now, and SDF plans to âadd new sets regularly.â
Users of Stellar Quest Learn earn NFTs by âcompleting modular quests that leverage Stellarâs API and SDKsâ. They unlock and receive NFTs after each quest that they complete. They are also able to display their NFT badges in their Stellar Quest profile.
The SDF blog post went on to say that the existing Stellar Quest Live, âwhere quests are live and timed events that are hosted periodically,â will still be around:
âWe will continue to host live events periodically as a separate and supplemental experience to Learn. Face-off against other developers to solve new and unique timed challenges on the Stellar network.â
As before, $XLM rewards will be available for completing live quest events.
In other words, the original Stellar Quest has been âsplit into two main components: Stellar Quest Live and Stellar Quest Learn.â
Disclaimer
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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