What value do Web3 curators provide? What are the projects related to this?

In the context of Web3, the meaning of Curator is inclined towards digital curation. Recently, there have been some discussions about Web3 Curator on Chinese Twitter. This article is a guide to talk about the curator project KurateDAO’s practice, and put forward some superficial thoughts.

Introduction

According to Wikipedia, a curator is an independent worker who arranges for art galleries, museums, libraries, or other commercial units to match artists and venues for exhibitions, or decide how cultural relics are presented.

In the information age, the concept of digital curation has been extended.

Digital curation is the selection, preservation, maintenance, collection and archiving of digital assets. Digital curation builds, maintains and increases the value of digital data repositories for current and future use.

In the context of Web3, the meaning of Curator is inclined towards digital curation. Recently, there have been some discussions about Web3 Curator on Chinese Twitter. This article is a guide to talk about the curator project KurateDAO’s practice, and put forward some superficial thoughts.

KurateDAO

According to the official description, KurateDAO is a Web3 application database based on blockchain and community curation, which proposes the concept of “Curate to Earn”, and announced on March 8 this year that it has received $6.85 million in seed round financing led by Polychain Capital.

KurateDAO was founded in 2022 by Michael Fischer to manage the world’s information using cryptoeconomic gaming. Michael is a Ph.D. in Computer Science from Stanford University with a focus on Artificial Intelligence.

There are four types of roles in KurateDAO:

  • The database was initially created by Curator and the content access rules were proposed. Curator can be an individual or a DAO;
  • Scout contributes content that complies with the rules in the database, and the revenue obtained depends on the number of views of the content;
  • Viewers need to pay Token or watch advertisements when viewing the database content, and these fees will be stored in the national treasury;
  • Verifier can filter the contents of the database, as explained further in the procedure below.

70% of the treasury revenue is allocated to Scout, 20% to Curator, and the remaining 10% as network fees.

The process of adding content to the database is more complicated:

  1. A adds the content to the database and pays 1 Token;
  2. If other users do not agree with this part of the content (considering factors such as quality or relevance), they can pay double Tokens, for example, B pays 2 Tokens to remove the content added by A;
  3. C can pay 4 tokens, keep the content added by A, and so on, until the timeout or no one continues to bet. Tokens staked by the losing party will be allocated to the winning party;
  4. In another case, if the tokens in the staking pool exceed a certain threshold preset by Curator, the content will be sent to Curator for adjudication. The victor still gets the Token distribution, but needs to pay a portion to Curator and pay the network fee.

In any curation system, Curators often have a small number of people, and there are thousands of pieces of data. The asymmetry in size makes Curators lack energy and resources to maintain, which often becomes the bottleneck of the system. The introduction of this betting mechanism is to introduce other participants in the operation and maintenance process, and to show the optimal result to Curator.

After Curator clarifies the rules of a database, Scout determines whether the added content conforms to the rules, that is, bets on “Whether Curator will accept this part of the content”. This is a mechanism that encourages contributors to submit “correct” content and penalizes submission of “wrong” content.

Personally, I think the mechanism of KurateDAO is slightly complicated. There are two issues to consider:

  • The gambling mechanism presupposes that there are always people participating in the gambling. Just like the defect in the collateral liquidation mechanism of MakerDAO in the early days, setting the starting price to 0 DAI presupposes that liquidators will always participate in the auction, but when extreme market conditions cause on-chain congestion, liquidators are often unable to bid. The pressure on Curator cannot be relieved if no one is involved in the bet.
  • Readers pay to read content, and paying is a barrier for many. For example, for the “Salt Selection Member” launched by Zhihu, and the paid reading of WeChat public account, some people think that they have to pay, so they simply don’t read it. It is good to introduce an incentive mechanism, but where the wool comes from and whether it is sustainable may require further consideration.

Whether such a mechanism will work in practice remains to be seen, but KurateDAO offers at least one idea: broadening participation, reducing the maintenance burden for curators, and providing an incentive mechanism.

Closing Thoughts

Accessibility of high-quality information

In the era of information flooding, high-quality information is buried, resulting in low accessibility or high cost. For example, if you want to learn blockchain, the search engine often presents some irrelevant content, coupled with the interference of miscellaneous information, for newcomers, screening and judging high-quality information not only requires good information retrieval ability , but also need to understand the blockchain, obviously there are certain thresholds. If there are authorities or industry insiders as Curators, the threshold for obtaining high-quality information can be relatively lowered.

Good and sustainable incentive mechanism

In fact, there are already a lot of spontaneous, unpaid contributors to quality content in the Web3 space. But in the long run, “power generation with love” is unsustainable after all, and long-term operation requires incentive mechanisms as guidance. Contributors screen and sort out high-quality content, and readers benefit from it and pay for it, thereby incentivizing contributors to provide better content and forming a positive feedback loop, which is similar to creator incentives.

Some forms of Curator

Personally, I believe that Lianwen’s “Weekend Recommended Reading” and “Lianwen Featured” are actually the early forms of article Curator; on Twitter, Mirror Curator DAO has also made a lot of accumulation, and the article weekly has been updated to 21 issues. Received $6,556 in donations on Gitcoin. In addition to the selection of articles as a carrier, Curator’s model can be referred to for content platforms involving information selection, maintenance and archiving, such as organizing Job Board, news flashes, research topics, investment and financing weekly reports, and so on. Further imagination, Curator may even be derived to replace Web3 media in the future.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/what-value-do-web3-curators-provide-what-are-the-projects-related-to-this/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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