Last week, Decrypt announced its revolutionary new token that gives our readers the chance to earn as they learn.
Since launch, we’ve seen over 35,000 readers download the app, create a wallet, and start earning tokens. But this was only the first step in Decrypt’s goal of building interactive ways to read and learn about crypto. The next step is Decrypt Drops.
Drops are batches of reader rewards. These are released on a weekly basis, giving readers the opportunity to earn different rewards at different times. The rewards are limited, so once they’ve all been earned, they’re gone!
We’re partnering with innovative companies who are sponsoring specific Drops during time-limited “seasons.” Drops will appear throughout each season.
In our first Drop, we’re focusing on NFTs (non-fungible tokens), the digital collectibles that have taken the internet by storm. In March, $240 million worth of NFTs have already been bought and sold, dwarfing the $200 million that were sold in all of 2020.
Our first NFT series is called “Connecting the Dots.” For this series, Decrypt has commissioned a group of talented artists to explore the decentralized world, connecting the dots between people, networks, and the technologies that will power the internet’s next chapter.
So, why NFTs?
Non-fungible tokens are everywhere right now and the market is white-hot. The NFT craze might soon cool, but the concept of digital scarcity is here to stay. We want our readers to learn about it firsthand—and the best way to do that is to get your hands on an NFT. Holding a first-series NFT is like carrying a membership card for Decrypt. It shows you're an O.G. reader and you’ve been with us from the start.
NFTs are our first form of rewards, but later on, the rewards could be just about any digital or physical item. Think about limited edition Decrypt swag, tickets to live events, special product features to customize your experience on Decrypt—we’re on the lookout for the coolest new ideas, toys, and technologies in crypto. Drops are a way for us to thank our loyal readers and introduce them to cool new concepts and products in the crypto space.
We also see Drops as a form of creative curation for our readers.
As of March 2021, there are 8,900 active cryptocurrencies and 36,739 markets where billions of dollars worth of currencies are bought and sold—not to mention the thousands of artists, musicians, creators, and companies pouring into this space.
That’s a lot of new stuff to try and digest. This is why Decrypt is going to do the hard work for you. With our Drops platform, our commercial studio aims to help tastemakers discover the newest trends shaping the decentralized world.
To get your hands on our Drops, download the Decrypt app and create your own wallet. Once you’ve done that, you earn tokens by reading, sharing, and reacting to articles in the app. Then, redeem your tokens for rewards.