Key Takeaways
- Decentralized Apps(DApps) offer a new way to build apps that a single company does not control. They give users more power and ensure that rules are fair.
- DApps use smart contracts to make rules. These contracts cannot be changed once they’re set.
- Many DApps reward users with special digital money called “tokens, ” which can be traded for real money.
Decentralized Apps (DApps) are becoming more popular. They let people build apps that a single company doesn’t control. Instead of relying on big companies to make the rules, DApps use smart contracts to ensure everyone follows the same rules.
DApps started as a way to send money directly between people, but now they’re used for all different things, like finance and social media. Many DApps reward their users with tokens, which can be traded for real money. This encourages people to use it and helps build a strong community. Here are some examples of popular DApps that reward their users:
The Brave Browser
Brendan Eich, the creator of JavaScript and a founder of Mozilla, started the Brave browser in 2016. With his experience, Brave quickly became popular because it offered new ways to use the internet.
Brave wants to change how online ads work. Unlike other browsers that follow users and show them specific ads, Brave protects user privacy and rewards users for their time. Brave uses special digital money called BAT Tokens, which lets users earn cash for seeing ads or supporting content creators.
This new method helps both users and content creators. By connecting advertisers and users directly, Brave removes the need for intermediaries, ensuring that the value of online content is shared fairly. The app is also free for both Android and iOS devices!
LBRY Credits
In LBRY, creators can share their work, such as books, songs, or movies. This is special because it lets creators keep control of their work and get paid directly by people who like it.
Mike Vine and Kauffman started it to make sharing content more accessible and fairer. Unlike big companies that control what people can share, LBRY gives creators more freedom. The platform uses its own money called LBRY tokens. People can use these tokens to reward creators for their work. Creators can earn money directly from those who enjoy their content. You can download this application on both Android and iOS devices for free!
Storm Play
Storm is a freelance site where freelancers can work from anywhere and get paid fairly. Storm only takes a small percentage of the freelancer’s earnings unlike other freelance sites.
Storm has a marketplace where businesses can hire freelancers and pay them with Storm Tokens, also known as ERC20 tokens. Storm Tokens are a special type of digital money that can be stored in a digital wallet called MyEtherWallet(MEW). Freelancers can then use these tokens to buy other digital or real-world money.
Businesses and freelancers need to download the Storm Play app on Google Play store to use Storm.
Sweat Economy
Sweat Economy is a popular fitness app that rewards users for staying active. The success of Sweatcoin inspired the app, and it has already gained over 150 million users. The more you walk, the more you earn in SWEAT tokens. To keep the value of these tokens high, the app gives out fewer tokens over time. By walking every day, you can earn up to 5 SWEAT tokens. It’s a fun way to get fit and get rewarded.
The app is currently available for free on Android and iOS devices!
Related Article: UTB Exclusive: An Interview With Oleg Fomenko, Co-Founder & CEO Of Sweat Economy
Sia Cloud Storage Platform
Sia is a digital storage platform similar to Dropbox or Google Drive. But it is special because it uses blockchain technology to keep your files safe. The idea for Sia started at a tech competition in 2013 and is now being developed by Nebulous Inc., a US-based blockchain startup.
Sia uses its own digital currency, Siacoin. People can earn Siacoin by renting out extra space on their computers to store other people’s files.
You can buy and sell Siacoin on particular websites and keep it in a digital wallet.
The app is currently available only on Android devices, and you can download it for free.
OpenSea
OpenSea is a popular online marketplace for buying, selling, and trading unique digital items called NFTs. These NFTs can be anything from digital art to virtual real estate.
OpenSea is a decentralized marketplace, meaning no middleman is involved in transactions. Buyers and sellers can directly interact, making the process more flexible and cost-effective.
The app is currently available for free on both Android and iOS devices!
Uprock
Uprock.com is a platform built on a decentralized data network (DePIN). It allows users to contribute their unused internet capacity to power Artificial Intelligence(AI) applications. In return, users earn cryptocurrency tokens. This model gives more people a chance to share data and participate in the growth of AI.
You can download the app for free on both Android and iOS devices.
Final Thoughts
DApps are new apps that a single company cannot control. This means users have more power and can trust that the rules are fair. DApps use a unique technology called smart contracts to ensure everyone follows the rules. Once they’re set, these contracts can’t be changed. DApps aren’t just for money. They’re used for different things, like social media, sharing files, and even fitness. Many DApps reward users with digital money called tokens, which can be exchanged for real money.
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