Will Acara become the new power in Web 3.0, making social more attractive?
Whether it is Elon Musk’s acquisition of twitter that will soon introduce Web3 features, or the previous change of Facebook’s name to Meta All in Meta Universe. It’s proof that Web 3 has created a worldwide technology and business wave. Who can finally claim the top spot in the bustling era of Web3 nuggets? Mirror and Acara’s forms of information governance, with their seemingly different paths, are moving in a clearer direction, with human beings embracing web 3.0.
Acara Dao recently announced that it has completed $5.6 million in fundraising, with the lead agency. The investment institutions will be announced at the end of the fourth quarter.
Acara is a comprehensive information governance platform based on Web3.0. Combined with real-world hot events predictions, users interact with on-chain creations while building a soul network digital identity, ultimately forming a DeSoc-style ideal state.
Acara adopts an innovative economic model where betting is mining, allowing users to win USDT that can be bet on the wrong side, in addition to being rewarded with ACR tokens when participating in the governance of the type of information they are interested in. Acara perfectly illustrates the basic model of a DAO in the future society, where Predictors participating in the event who can also be event initiators. Users can earn a portion of the total amount of bets placed by initiating events. The goal of Acara is to allow users to create their own information, to build a visual social graph that can be read by various dapps according to their own preferences, i.e. to create a protocol (infrastructure) for all web3 social networking.
The data in Acara is a user-owned, open social graph that can be plugged into any application. Thus, by building your own digital soul network, which is composable and decentralized, users can continuously expand the reach of their personal social universe by creating outstanding experiences.
The Acara testnet will debut on the BSC chain, where POC holders are members of DAO and can initiate hot topics on a global scale, and ordinary users can initiate smaller topics within their own meta-universe. We will see Can Acara stand out in the year of Web3 where there are many projects.
I have been writing about Cryptocurrencies and Blockchain technology since 2013. My work has been featured in major publications such as The Wall Street Journal, Forbes, and Business Insider. I’m a thought leader in the space and I speak at industry events on a regular basis. I’m a co-founder of the Bitcoin Foundation.