Four Ways to Earn on Polygon
Despite its popularity, the Ethereum blockchain is not without its problems, namely slow transactions and expensive fees. Projects built on the blockchain inherit said problems.
To tackle these issues, platforms have been designed to improve transactions on the Ethereum network while taking advantage of Ethereum’s security and technology.
These platforms are called Ethereum scaling solutions. Polygon is a Layer 2 scaling solution, meaning it handles Ethereum transactions on its separate network.
Polygon uses $MATIC, its native cryptocurrency token, to incentivise development across its network, and as a result, we have seen dapps of all kinds built on the network. The more projects are launched on Polygon, the more valuable the MATIC token is.
Read on to discover four great Polygon projects you can earn with.
1. REVV Racing
REVV Racing is one of the blockchain gaming titles from the REVV Motorsport ecosystem developed by Animoca Brands.
REVV Racing is a play-to-earn arcade car racing game where players can earn $REVV, the native token of the REVV Motorsport ecosystem, by competing in races.
Earning on the game is pretty straightforward. First, you must create a game account with a MetaMask wallet and acquire some $REVV and $MATIC tokens. Next, you have to make a little investment by purchasing a verified car NFT on OpenSea. Watch a detailed guide here.
Once you’ve completed all the steps, you can participate in any of the numerous events to win $REVV.
Most play-to-earn games get criticism for their shoddy-looking designs, but REVV Racing actually has pretty decent graphics. Future updates will surely improve the on this already solid standard.
Yup is a decentralised social network that works atop existing web2 social media platforms and incentivises users to share their opinion.
Basically, you can rate anything on the internet, say a tweet or a Reddit post. When people give the same rating as you, you earn YUP tokens ($YUP) and influence. The more people agree with your opinion, the more your YUP earnings and influence grows. The more influence you have, the more earnings you can get from a rating.
You can redeem your $YUP for cash or hold them to earn more influence.
To get started, download the Yup web browser extension and sign up to see the overlay that lets you start rating stuff on the internet.
Move-to-earn is a category of web3 dapp that has gained much attention in the last year. Its projects try to encourage healthy lifestyles in users by rewarding them for exercising.
One such project on the Polygon network is Dustland. Dustland’s gamified approach to move-to-rewards users with $DOSE (its native utility token) and NFTs for completing workouts packaged as missions.
The project has released an app, Dustland Runner, which is still in the Alpha stage. The mobile app lets users burn in-app Energy units to earn rewards in daily running sessions (with GPS enabled). Dustland also has another app, Dustland Riders, in the works that would let users earn tokens from cycling.
An important note, however, is that users cannot withdraw their $DOSE earnings currently. Withdrawals won’t be possible until user Dustland KYC is introduced, an update the team says is coming soon.
Reminiscent of the Tamagotchi game of the late ’90s, Aavegotchi is a play-to-earn game where players collect, manage and interact with pixelated NFT ghost pets called Gotchis to earn GHST tokens ($GHST).
As to how you can earn $GHST in the game, there are several ways. One is rarity farming, which is training Aavegotchis to have the highest possible rarity. Another is by winning mini-games. You can also participate and vote in AavegotchiDAO to earn $GHST.
Finally, you can always sell your beloved Gotchis on the Aavegotchi bazaar for $GHST, which you can redeem for cash.
These are just a few of the many ways you can earn on the Polygon network. New, exciting projects are launched all the time. Keep up with the latest ways to earn at web3earner.com and our communities: