Data Ownership and Financial Freedom shaped by Social Mining
As we celebrate DAOversary, we take a deep dive into the journey of DAO Labs with none other than its visionary CEO, @MalteChristensen. In a historic SocialMiner of the Hour session, he addresses the community, answering some of the most pressing questions.
From its origins to the present, DAO Labs has redefined the landscape of Social Mining, ILOs (Initial Labor Offerings), and Web3 engagement.
In this article, he shares the inspiration behind DAO Labs, its evolution, the real-world impact of Social Mining, and what lies ahead in this ever-evolving digital ecosystem. And if you prefer a deeper understanding of all the topics in this article you may check the whole transcript of this interview here.
The Origins of The DAO Labs
When asked about the inspiration behind DAO Labs, he emphasizes that it sprung out of necessity. He highlights a critical issue in today’s digital landscape: data ownership and organization of user-generated content (UGC). Contrasting a massive pool of creators who contribute valuable content without recognition or compensation to botted AI content flooding all major social platforms.
“We wanted users to become their own data banks, to have organized control over their output and create a value exchange benefiting everyone.”
“Most projects don’t care about the persona behind the wallet holder. Staking was just about how long and how much. We initially thought users should benefit based on achievement rather than just financial power. We also saw the need to organize social media engagement effectively. Now, we know we’ve only scratched the surface of what’s possible.”
This groundbreaking approach rewarding users based on contributions rather than wealth has transformed Social Mining into a sustainable and inclusive system.
The Unexpected Impact of Social Mining
Social Mining has grown into a massive ecosystem, and its impact has been greater than anticipated.
“Some people actually started to quit their unwanted jobs. Not because they won big in an allocation but because they stabilized their work output and income streams on Social Mining V1 and for a while we stabilized our payment outputs and achieved synchronicity. Clearly we need to work on that.”
It’s not just about one-time wins, it’s about creating an alternative, sustainable source of income. Social Mining has also played a pivotal role in major crypto projects, raising funds for MultiverseX, providing a base for Avalanche to host community and 1300 developers who participated in the AVA Cascade Testnet program, it provided the KOL round for Injective, a Multichain HUB for NEM with $150,000,000 staked and more.
But beyond its technical success, its true power lies in the way it brings people together.
“I think what gets me the most is the diversity of the product, V1 might be bulky, it might not be the best looking but it understands and interprets data and it brings people together.”
Challenges Behind DAO Labs
Many see the rewards, but few realize the complexity of running DAO Labs. When asked about behind-the-scenes challenges, he reveals:
“The extent of data processing and us choking on it. The ultimate challenge is to create an interchanging flexible product that can be used by millions of users and keeps a balance of coordinated quality content while aiding virality and improving the statistics of the user account.”
Balancing high-quality content with engagement, managing millions of users, and maintaining virality, all while keeping the platform fair and beneficial is an ongoing challenge.
He also acknowledges the constant battle between genuine commitment and mass efficiency, proving that DAO Labs is more than just a business, it’s a movement.
“97% of crypto traffic is fake. While Western economies can afford decadence, emerging economies battle inflation, corrupt wages, and gender gaps. Social Miners, who are often overqualified and underpaid, are the best bet.”
A New Era with Autonomys Network and ILO Innovations
The latest Autonomys Network ILO offers miners a groundbreaking opportunity. Unlike traditional IDOs, this ILO introduces a flexible TGE (Token Generation Event) and vesting tiers, allowing users to compete for better rewards based on performance.
“Autonomys is a new use case for the ILO. The difference here is the vesting mechanic we can apply. Since we are testing different use cases while on RWA we received LP token for distribution, on Autonomys we will pioneer flexible TGE - and flexible vesting tiers for Pledge Pool and ILO participants. So users will be able to compete through their work for a higher % of TGE and vesting unlock.
“You are responsible for your TGE unlock and subsequent vesting”, he added.
This innovation gives participants greater control over their earnings, making Social Mining even more rewarding for those who actively contribute.
The Future of Web3 and DAO Labs' Role in It
When asked for a bold prediction about the future, Malte shares a vision of financial freedom:
“SocialFi will gradually create more jobs, all social media platforms will soon have a wallet associated with the accounts. There will be more financial freedom outside the establishment of institutions or banks. This development can't be stopped”
“Bear markets don’t affect Social Mining HUBs. Miners might even profit more by accumulating points and converting them when the market dips to then sell when it normalizes”
DAO Labs is positioning itself at the forefront of this evolution, working on a next-generation mobile app that will unify Social Mining V1 and V2, introducing “Data DNA on-chain”, a concept that could revolutionize personal data ownership.
Community Questions: Addressing the DAO Labs Ecosystem
After the core discussion, Malte took questions from the DAO Labs community, diving into key concerns and future plans.
1. The True Purpose of DAO Labs and Social Mining’s Global Impact
A community member asked how DAO Labs shaped Malte’s personal and professional growth. His answer was eye-opening:
“97% of crypto traffic is fake. While Western economies can afford decadence, emerging economies battle inflation, corrupt wages, and gender gaps. Social Miners, who are often overqualified and underpaid, are the best bet.”
DAO Labs was never just about IDOs. It was about creating a sustainable work ecosystem, where real contributors receive fair compensation regardless of market conditions.
2. The Long-Term Vision for ILOs
ILOs are not just a new funding method, they are a revolution in project participation. Unlike IDOs, which focus on quick ROI, ILOs turn users into stakeholders.
“We wanted to find a way to improve the system of IDO sales. An IDO banks on the idea that these projects are oversubscribed and users tend to DEX and CEX to pick up the token they couldn't during the community sale. It also registers their wallet amounts. After TGE nobody cares, it's a short lived hope for easy ROI.”
“IDOs are outdated. The ILO makes a person a shareholder. Users build reputation, grow their following, and receive long-term benefits based on actual contributions.”
This shifts power from speculators to contributors, ensuring a more stable and engaged ecosystem.
3. The Development of Social Mining HUBs
A question from the community highlighted concerns about HUB usability and technical improvements. Malte acknowledged these challenges:
“V1 and V2 are written in different languages by different developers. Some HUBs are older and need complete relaunching. We are working to unify them.”
He also addressed validation concerns, ensuring that miners receive fair rewards on time.
4. Expanding Beyond Crypto: Traditional Advertisements?
Could DAO Labs integrate brands from outside the crypto industry? Malte sees potential in fashion, sports, and automotive industries with high social media visibility.
“Flashy, original UGC from millions of fans goes unnoticed. If organized properly, these industries could fit perfectly into Social Mining.”
This could open doors for mainstream adoption, bringing Web3 incentives into real-world industries.
5. Resilience During Market Crashes and Global Uncertainty
A crucial question was raised about DAO Labs’ resilience in extreme challenges like bear markets and global crises. Malte’s response was reassuring:
“Bear markets don’t affect Social Mining HUBs. Miners might even profit more by accumulating points and converting them when the market dips to then sell when it normalizes”
More importantly, DAO Labs prioritizes miners’ interests above all. Many team members started as Social Miners themselves, proving that the platform is built by the community, for the community.
A Movement, Not Just a Platform
The DAO Labs is not just a crypto project, it is a transformative movement that puts power back into the hands of real contributors.
“SocialFi will gradually create more jobs, all social media platforms will soon have a wallet associated with the accounts. There will be more financial freedom outside the establishment of institutions or banks. This development can't be stopped”
From giving people financial freedom to revolutionizing Web3 engagement, its journey is just beginning. With innovations in ILOs, SocialFi, and beyond, DAO Labs is leading the way into a new era of decentralized work and opportunity!
Join the Social Mining community today and discover the endless possibilities that await!
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