Besides RabbitHole, what other Web3 task management platforms are worth paying attention to?

Original Title: "Where to 'Move Bricks' in a Bear Market? A Review of Mainstream Web3 Task Management Platforms"

Written by: Allen, PANews

This article provides a detailed introduction to the current mainstream Web3 task management platforms, including RabbitHole, Project Galaxy, Layer3, Dework, Kleoverse, Noox, and others.

In the context of a tightening global liquidity environment, this round of the crypto bear market appears to be "particularly brutal." In addition to well-known industry institutions like Celsius, BlockFi, and Three Arrows Capital facing crises, the price of BTC has also fallen below the 2017 bull market peak, breaking previous historical patterns. Currently, "survival" has become the primary concern for all players. For most ordinary users who have not experienced a full bull-bear cycle, it is particularly difficult to endure their first winter without relevant experience. To address this, PANews has also detailed seven potential profit opportunities in a bear market and provided guides for stablecoin investment during a bear market.

Although the entire market is relatively quiet during a bear market, builders in the crypto world have not stopped moving forward. Similarly, ordinary users, aside from lying flat with empty positions, also have some low-cost opportunities to participate in the market, among which Web3 task management platforms provide similar exposure. Web3 task management platforms serve to connect project parties and users, similar to traditional task publishing platforms like 58.com, where project parties can attract users on the platform to participate by publishing tasks and offering rewards for promotional purposes. For new projects in their early stages with low fan bases, leveraging the traffic effect of Web3 task management platforms can achieve relatively better marketing results.

Users can also engage with various projects on the same platform through Web3 task management platforms and earn corresponding rewards by completing tasks, such as NFTs, POAPs (Proof of Attendance Protocol), airdrop qualifications, token rewards, etc. The costs and risks involved are relatively low. Additionally, users can accumulate proof of their on-chain and off-chain activities, which is beneficial for building their Web3 identity. Currently, in addition to the well-known RabbitHole, this article will introduce five major Web3 task management platforms.

RabbitHole

RabbitHole is an early Web3 task management platform that supports Web3 applications in publishing various game tasks, guiding users to interact with products to experience and familiarize themselves with the main features. Users can earn corresponding rewards, including XP (experience points), project tokens, NFTs, etc., after completing tasks. For example, in tasks published by Uniswap, users can receive rewards after completing any asset transaction and providing liquidity on Uniswap via Ethereum Layer 2 scaling solutions like Arbitrum or Optimism.

Currently, RabbitHole has also launched "skill credential" activities in different fields, including NFT, DeFi, and DAO, with different tasks in each field. Only after completing all tasks can users obtain corresponding on-chain credentials; for instance, there are three tasks in the NFT field. RabbitHole announced in February that it completed a $18 million Series A funding round, co-led by Greylock and TCG Crypto.

Although it supports projects in providing airdrops, RabbitHole itself does not distribute airdrops. Its official Twitter stated on May 9, "There will never be a RabbitHole airdrop. We focus on making Web3 more about contribution and value, not investment. If you're looking for a quick way to get rich, there are other places in Web3 that are suitable for you."

Project Galaxy

Project Galaxy aims to become the foundational platform for on-chain credentials in the Web3 world. After connecting their wallets, users can see ongoing task activities on the "Campaigns" page. Each task has detailed descriptions, including activity introductions, activity times, and eligibility for rewards. Users can click "Newest" to view the latest activities.

Currently, the rewards on the Project Galaxy platform are divided into NFTs and OATs (On-chain Achievement Tokens). For example, during the Arbitrum Odyssey cross-chain week, Arbitrum rewards an NFT, while the cross-chain protocol Hop Protocol rewards an OAT, representing the user's proof of using the cross-chain bridge Hop during the week. Users can use the NFT and OAT rewards not only to build their "Web3 resume" but also for participation rights in certain activities (such as project airdrops, whitelists, etc.). Project Galaxy creates a "Galaxy ID" for each wallet user, integrating the NFT, OAT, and on-chain credential information obtained on the platform. In January, Project Galaxy raised $10 million in funding co-led by Multicoin Capital and Dragonfly Capital. Previously, PANews also provided a detailed introduction to the Web3 infrastructure Project Galaxy. To celebrate PANewsDAO joining Project Galaxy, PANews launched the first OAT badge as proof of early support for PANewsDAO, with the activity running from June 27, 20:00 to July 11, 20:00. Detailed information can be found in the relevant channels on PANews Discord.

Layer3

Layer3 is an infrastructure platform focused on providing services for DAOs. DAOs can publish corresponding tasks and reward amounts on the platform to incentivize users to contribute to and solve problems for the DAO, providing exposure for users dedicated to contributing to the Web3 world. Layer3 completed a $2.5 million seed round of funding in September 2021, with investors including ParaFi Capital, Electric Capital, and Lattice Capital. Currently, Layer3 offers three types of products: Bounties, Contests, and Projects.

Bounties: This series has the lowest difficulty level, mainly consisting of incentive activities published by DAOs to understand products. Any user can participate, and after completing the corresponding tasks and passing Layer3's platform review, they can receive corresponding rewards (such as project tokens, XP, etc.). The activity ends when all bounties have been distributed.

Contests: The rewards in this series require competition among users to obtain. Simply put, a DAO publishes a task on the platform, and contributors submit their results within a specified time. After voting by the DAO community, the final winner is selected, who will receive corresponding token rewards.

Projects: This series often involves tasks that present certain challenges and require candidates to complete them over a longer period, so the rewards are higher than those of Bounties and Contests. DAOs first announce the tasks to be completed on the Layer3 platform, and contributors can apply to complete the project and submit relevant experiences. The DAO will then select suitable candidates based on relevant information (such as work experience, activity level, etc.), and both parties can communicate privately regarding the task. Users can receive compensation upon task completion.

Dework

Dework is a Web3 native collaboration tool where DAOs can organize internal and external teams to manage tasks and rewards transparently and help new members onboard. The overall process is that the DAO first publishes tasks, then platform users apply, and finally, the DAO assists in screening by reviewing their contribution history. As of July 5, the Dework platform supports 361 DAOs, including PandaDAO, Nation3, CityDAO, and others.

Users can log in via Discord, then bind their wallets, and click "Open Bounties" to find ongoing bounty activities. Additionally, users can filter tasks suitable for their skills, such as writing, research, translation, etc. The Dework platform will also recommend tasks based on the skills users provide.

Moreover, users can manage their task information, including bookmarked tasks, tracking recently published tasks by followed DAOs, viewing applied tasks, assigned tasks, completed tasks, and more. On June 1, Dework announced it had completed a $5 million funding round, led by Paradigm and Pace Capital, with participation from former Coinbase CTO Balaji Srinivasan and Polygon founder Sandeep Nailwal, among others.

Kleoverse

Similar to Layer3 and Dework, Kleoverse also aims to be a bridge between DAOs and contributors. Users can filter tasks on the Kleoverse platform by category (such as DeFi, Gaming, etc.) and public chains (such as Ethereum, BSC, etc.). As of July 5, Kleoverse supports over 600 DAOs, with more than 11,000 platform users. In January 2022, Kleoverse completed a $1.2 million funding round, led by byFounders, Sfermion, and others.

Noox

Noox is a decentralized achievement proof platform built on the Ethereum ecosystem. Users can mint corresponding NFTs, called "badges," after meeting certain conditions. Noox badges record users' on-chain behaviors, allowing users to visualize their activities. For example, through the SushiSwap badge, users can see their transaction counts on SushiSwap.

Noox badges are non-transferable and can only be obtained by verifying users' historical on-chain behaviors, allowing users to prove their on-chain activities in a permissionless, composable, and trustworthy manner. Currently, the minting fee for each badge is 0.002 ETH, and the fees collected by the platform will be deposited into the treasury to support future ecosystem development. Noox completed a $2 million seed round of funding in April, led by Collab+Currency, with participation from ElectricCapital, Sfermion, SamsungNext, POAP, and Alphanonce.

In addition to the above platforms, there are also DappBack, Crew³, and others in this field. Additionally, platforms like CoinMarketCap and some exchanges periodically hold "Learn to Earn" activities. Participating in activities on Web3 task management platforms can help users understand projects, accumulate on-chain credentials, and obtain potential rewards. For ordinary users who have not experienced bull-bear cycles, this can serve as a reference strategy during the bear market phase.