The crypto craze has taken the world by storm, attracting a wide variety of individuals to the industry. While there are seasoned experts and experienced users, there has also been a massive influx of new and amateur participants seeking to get in on the action.
As a beginner, it is crucial to have a strong foundation and in-depth understanding of the various aspects of the industry. This will allow you to make informed and responsible financial decisions that can prove to be profitable in the long run.
It’s essential to approach the world of crypto with a curious and open mind, willing to learn and adapt to the constantly evolving landscape. By taking the time to educate yourself on the basics and staying up-to-date with industry news and trends, you can position yourself for success in this exciting and dynamic field.
In this article, we will dive into the world of crypto platforms and introduce you to an exciting new project – Layer 3. This platform is dedicated to providing access to the latest web3-centric products and resources, allowing users to stay informed and up-to-date on the latest developments in the industry.
What is Layer 3?
Unlocking the true potential of web3 requires a deep understanding of its underlying technologies and the various applications that power it. Layer3 is an innovative protocol designed to help anyone to explore the exciting world of web3 in a unique and engaging way.
Through their curated Quests, Layer3 offers an effortless and interactive exposure that guides users through the intricacies of web3, irrespective of how advanced or amateur they are in terms of their aptitude level. According to the platform, “Quests show users how to use and further explore Decentralized Finance (DeFi), Web3 Gaming, Web3 Social, Layer2 Scaling Solutions, and everything in between.” We will discuss more on this further in the article. With Layer3, users can discover new and innovative projects that are shaping the future of the industry. Their intuitive platform makes it easy for anyone to dive into the exciting world of web3 and stay ahead of the curve.
The Layer3 ethos is driven by an insatiable curiosity and an unyielding determination to unlock the true potential of web3. They approach every discovery and exploration with a fresh perspective and an accepting nature that enables immense growth. Their team is dedicated to pushing the boundaries of what’s possible in the world of web3, constantly seeking out new and innovative ways to harness its power
Quests on the Layer 3 platform
As we mentioned earlier, Quests form an important part of the Layer 3 narrative. Now let’s delve deep into what they entail.
What are Quests?
Layer3 constantly works on finding and achieving the best possible way to truly discover and understand web3. That’s why they have developed Quests, a groundbreaking new feature that in a unique manner amalgamates two principles. What Layer 3 does in Quests is that it merges both on and off-chain functionalities to serve their purpose. This allows them to provide an extremely efficient guidance regarding web3 offerings to the users of the platform.
With Quests, users will embark on a journey that takes them from beginner to expert, as they complete a series of carefully crafted steps that are designed to help them understand and navigate the complexities of web3. And with Layer3’s instant verification system, users can rest assured that they’ll never miss a beat. This is because, with Quests, each step in the journey is unlocked only once the previously required activity is achieved.
Why should you perform Quests?
When you perform the Quest on layer three, you get a chance to earn many points and acquire NFTs. in addition to this, it is also highly likely that Layer 3 will very soon come up with its own token. Even though nothing has been confirmed yet, analysts and experts speculate that this token is quite possible to launch very soon. In fact, we also believe that through their FAQs the platform has also hinted towards this update
With this token launch, we can expect an airdrop for the users as well. For this possible upcoming Layer 3 airdrop, participating in Quest could be a primary way to get your hands on the free tokens at the time of the launch. The more XP you will collect through performing these quests, the more will be your chances of getting this Layer 3 airdrop.
Want to learn about more upcoming airdrops? Check this list
What working mechanism do Quests use?
Layer3’s Explore page allows users to choose from a variety of Quests that pique their interest. These Quests involve a combination of actions, such as “answering a quiz, making a swap, or minting an in-game sword”. After the user successfully finishes the task, Layer3 immediately checks and confirms that the user has concluded each step. After that, it opens the next action in the Quest.
As users progress through the Quest, they earn Experience Points or XP which can be used to acquire unique rewards. As an incentive users could also get some sort of “Achievements and Commemorative NFTs” that are off-chain. With each completed Quest, users expand their knowledge and skills in the web3 space, all while earning exciting rewards.
How do Layer 3 Quests work?
Quests are interactive challenges or missions that users can choose to participate in by visiting the Explore section of a web3 product. Once a user selects a quest, they are presented with a series of tasks or actions that they must complete to progress through the quest.
As the user completes each task, Layer3 (or similar service) verifies that the user has completed the action before unlocking the next task. This verification process ensures that users cannot skip ahead or cheat their way through the quest.
Users earn experience points (XP) for completing each task in the quest, which can be used to level up their avatar or unlock other features in the product. Additionally, users may receive off-chain achievements or commemorative NFTs for completing certain tasks or reaching specific milestones in the quest.
Overall, quests provide users with an engaging and rewarding way to explore and interact with web3 products, while also helping product developers to incentivize user engagement and grow their user base.
How to perform Quests?
Start your journey to the exciting world of web3 by visiting layer3.xyz and clicking on the sign-in button.
- Connect your preferred wallet by clicking on the “Connect wallet” button. Layer3 supports and provides options to connect to popular wallets like MetaMask, Coinbase Wallet, and WalletConnect.
- Once you have connected your wallet successfully, you will be taken to another page. This is the dashboard of Layer 3 referred to as the Explore Page. This page offers a wide range of quests to choose from, and you can view the number of points associated with each quest.
- Select the quest that captures your curiosity, or choose an individual bounty from the list.
- Thoroughly go through the quest’s summary where you will be able to view all the steps required to complete the quest.
Now start performing the first task as described and instructed. As you complete a step, it will show a tick mark against it. Finally, once you are done with all the challenges, it will indicate “Completed”.
What kind of tasks you are asked to perform?
You are shown some information, and based on that you are asked questions. You need to select the correct answer. Even if you answer it incorrectly, there is no penalty. Until your answer is correct, you can’t progress on Quest.
You are also asked to perform some tasks like buying NFTs, holding Matic or AVAX on their respective chain etc. While doing so, you get to learn how to buy NFTs, how to swap on decentralised exchanges etc.
What are XP and how do they work?
Experience points (XP) are awarded to users for completing quests on Layer3. The amount of XP earned is based on the difficulty of the quest and the number of steps required to complete it. The more challenging the quest, the more XP the user will receive.
XP also determines a user’s level on Layer3, which is displayed on their user profile and the Layer3 leaderboard. As users accrue more XP and level up, they gain access to exclusive quests, giveaways, and rewards.
In addition to earning XP through quests, users can also earn XP by clicking the “GM” button on Layer3 once every 24 hours. This provides users with another way to level up and unlock rewards. Overall, XP is a key component of the Layer3 ecosystem and is used to incentivize user engagement and growth.
Other tabs on Layer 3
Under the Achievements tab, you can view your progress and see what tasks you have completed. In addition, you can also see your GM streak, and track your progress according to each chain like Optimism, Arbitrum, Polygon etc.
Under the leaderboard section, you get access to the overall ranking and also see what position you hold.
Why should you collect more XP points?
The more XP points you hold, there is a higher chance of you getting an airdrop in future. Although Layer 3 team clarified they would not be launching any token this week, however, they did not comment anything on future. There is a high possibility of layer 3 airdrop, and higher XP points may get you higher rewards.
To summarize, XP is earned by completing quests on Layer3, with the amount earned based on the difficulty and steps required to complete each quest. XP affects a user’s level on Layer3, which can be viewed on their profile and the leaderboard. As users accumulate XP and level up, they gain access to exclusive giveaways, quests and rewards.
Expanding your knowledge of the crypto industry includes understanding the various platforms available to discover new and promising projects. This is an essential aspect for any investor or enthusiast looking to stay ahead of the curve.
Through Layer 3, users can discover new and innovative projects and gain deeper insight into the underlying technologies that power them. With a user-friendly interface and a wealth of information at your fingertips, Layer 3 is the perfect resource for both beginners and seasoned experts alike.
Disclaimer: When completing quests and bounties on Layer3, users should be aware that they alone have control over the amount of gas, transaction fees, or cryptocurrency they are willing to spend. It is important to exercise caution and not spend more than what one is willing to lose. Layer3 Quests are not financial advice, and users should conduct their own research on each protocol before proceeding.