Layer3 Introduction:
Layer3 is a Web3 bounty platform that allows anyone from anywhere in the world to contribute to Web3 by completing corresponding tasks and earning points or token rewards. DAOs and decentralized communities upload tasks in the form of bounties, competitions, and projects on the platform, while users explore the community and complete tasks to earn crypto rewards. DAOs and communities collaborating with Layer3 can trigger payments using ERC-20 tokens of their choice. Layer3 aims to help the world embrace work in Web3 by providing simple and intuitive tools for both projects and users to complete tasks.
Layer3’s goals are:
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To make working in Web3 a reality for everyone.
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To help people find their tribe in Web3 by providing the tools for participation.
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To provide effective tools for completing work in Web3.
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To make decentralized work a reality.
Layer3 positions itself as the connector of the Web3 world, where users and project teams can access the resources they need through the platform. Users can find high-quality projects on the platform, and project teams can post tasks to find quality users to participate in the projects or assist with work.
Funding:
In September 2021, Layer3 raised $2.5 million in seed funding, led by ParaFi Capital, with participation from Electric Capital, Lattice Capital, 6th Man Ventures, Red Beard Ventures, and Mirana Ventures. Angel investors Balaji Srinivasan, Kain Warick of Synthetix, and Jai Bhavnani of Rari Capital also supported the round.
Co-founder and CEO Ariya Khojasteh and Co-founder and COO Brandon Kumar come from well-known companies in traditional industries, and most team members are crypto-native influencers on Twitter.
Layer3’s partners include prominent DAOs, platforms, and protocols within the space, such as PoolTogether, Index Coop, Dune, Global Coin Research, Superteam, Beanstalk, Zapper, Braintrust, Polygon, 1inch, MODA DAO, and Synthetix.
On the Layer3 platform, contributors earn and are rewarded mainly through three types of tasks:
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Bounty Tasks: Earn tokens or XP instantly by using Web2 platforms and Web3 protocols.
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Competition Tasks: Compete with other contributors to earn XP and governance tokens. This is similar to a crowdsourcing platform where participants complete specific tasks, and the winners of the bids receive a prize, but it takes longer.
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Project Tasks: Project teams post tasks related to their projects, and users contribute to the Web3 community through long-term application interactions and influence, earning more rewards. The entry threshold is higher than in competitions, but the rewards are also greater, making it ideal for people with professional skills to participate.
Competitions and projects may require skills such as design, writing, development, and translation. Depending on your capabilities, it provides a way to increase income during a bear market.
Layer3’s advantages over other products:
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Clearer categorization compared to other platforms, making it easier for users to find the right sections.
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Addressing the core needs of both project teams and users, bridging the gap between projects and their target users.
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A simple, intuitive interface with well-curated content.
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A strong, execution-oriented team.
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Regularly updated detailed roadmaps and Twitter content, allowing users to quickly access project progress.
Layer3 is a project worth long-term attention. It is highly likely that the platform will distribute tokens in the next cycle, so it is recommended that users engage and interact with the platform to position themselves for future airdrops.
