What is the secret behind monetization on the blockchain?

In recent years, the usefulness of blockchain has extended far beyond trade and transactions. Blockchain has emerged as an innovative solution to create a sustainable digital economy. Through new economic models, this unique technology allows users to stimulate their digital activities and generate passive income.

Blockchain has great potential to create a sustainable financial ecosystem, especially for low-income populations, who do not have access to a sound centralized financial infrastructure. 3air is one such project that has recognized this potential and aims to create a coherent digital economy in Africa – harness the power of blockchain technology.

3air revolutionizes the token-based incentive model

In the language of modern psychology, a token economy is known as a behavior management framework that reinforces human behavior through systematic rewards or tokens. In the modern DeFi space, the term reflects a similar concept.

Many projects use this core concept of token economy on the blockchain, to engage users with a wide range of digital activities, be it playing games, learning, performing tasks or broader economic activities such as betting, lending or borrowing assets.

3air revolutionizes this concept by bringing multiple core DeFi services within one platform distributed on the blockchain network – thus increasing accessibility and connectivity between communities. How do they do this?

3air uses its proprietary technology to provide broadband connectivity wirelessly to those without access. They achieve this by engaging existing broadband users to share their connections through an internet network and then distributing the connections to those without broadband access in Africa. In exchange for sharing their connections, users receive rewards or incentives in the form of 3air’s native token.

It’s like Uber for broadband. Users who get a wireless broadband connection from 3air also get access to the DeFi platform. From there, they can access a wide range of DeFi services on a single platform to generate passive income. Whether it’s games to earn money, learning how to earn incentives or stakes, the platform provides all the tools to create and manage your wealth in the digital space.

This is how 3air aims to create a sustainable token economy.

3air’s play-to-earn (P2E) model: How does it work?

Conventional games to earn money have a certain complexity that limits effective user experience. Playing a single game can become repetitive, and the opportunity for continuous incentives narrows over time. There is also the fact that such projects have a rather small-scale onboarding process.

Also, users cannot always play multiple P2E games on a regular basis, because each game has its own distinct model, requiring different wallets and different assets. 3air solves this problem by offering multiple P2E games on its platform, creating a single hub for blockchain games.

Users do not need to switch between multiple applications or wallets, they can play all games on the platform using the 3air token and continuously build up their passive income. This is critically useful for lower economic regions such as Africa, where internet connectivity is limited.

By providing them with a wireless broadband connection and a single platform for all P2E services, 3air is establishing itself as a central infrastructure for all digital activities. This approach solves the critical problems of digitization in Africa.

Learn to Earn (L2E): stimulating learning activities

To generate wider passive income opportunities across Africa, the project also stimulates learning activities on the platform. Users can earn rewards by learning various digital skills and knowledge available on the platform.

Many African countries have high crypto ownership but lack the infrastructure to learn about the underlying technology and strategies of blockchain, cryptocurrency and other DeFi elements. 3air solves this problem by offering infrastructure, learning materials and incentives for learning. The platform also stimulates organizations or individuals who offer their knowledge and skills as teaching services to others.

It is a one-stop solution for learning, earning, gaming, betting, accessibility and other important DeFi services.

Increasing the adoption and utility of blockchain

Reward-based DeFi projects are the future of blockchain. Users do not want the utility of crypto and blockchain to be limited to trading such as the stock market. Instead, they want a strong digital ecosystem that can provide new economic opportunities through decentralized assets.

This trend will continue and only get stronger as we enter the web3 age. More reward-based models such as P2E and L2E are sure to emerge, which will increase the utility of blockchain.

Projects such as 3air work towards this vision. For example, the project is built on the SKALE blockchain. So having a mesh of different DeFi services on a single blockchain significantly improves its utility and reach. Users not only get access to incentivized services through the blockchain, but also get access to general digital services such as monthly subscriptions, digital identities, Internet and TV.

So the secret to monetization on the blockchain is knowledge, awareness and accessibility.

There are hundreds of blockchain projects out there, but which one you choose determines how sustainably you can generate a passive income from this space. Platforms such as 3air that provide a coherent ecosystem, easy access, high utility and package services should always be prioritised.