twitter.com/socialnetworkL2″ target=”_blank” rel=”noopener”>Social networkA new bitcoin Layer 2 staking network will launch on April 22 to address concerns about bitcoin's energy consumption.
Developed in collaboration with Earth Wallet, a self-custody platform for bitcoin and ethereum, Social Network seeks to improve the efficiency of bitcoin transactions and reduce associated energy costs.
Unlike traditional social networks, Social Network focuses on creating a decentralized incentive system to promote environmental commitment.
Source: Social NetworkHow does the Social Network work?
Users can get involved by participating in outdoor activities, specifically visiting parks and interacting with the Earth Wallet app.
Sukhveer Sanghera, CEO and Senior Contributor of Social Network, explained: “Basically, the way you can be a part of Social Network and this movement that we hope to create is by going out and touching the grass. So, you can download Earth Wallet today and it will take you to the nearest park where you can catch a Regens character and be part of the launch of this fair.”
The app features an AR mode where users can capture region-specific nft characters by tapping the “touch grass” button. These nft characters, called Regens, are distributed based on factors such as population density and energy consumption in different areas.
The project has opened early access to select contributors and bitcoin Regen holders, with plans to open it to the public on April 14.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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