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In the rapidly evolving world of web3, a new player is making waves: Salad Ventures. This innovative organization, headquartered in Singapore, is a pioneer in the X-2-Earn (X2E) ecosystem, leveraging blockchain technology and unique growth strategies to supercharge web3 projects.
In the following article, we’ll delve deeper into the workings of Salad Ventures and explore their unique approach to integrating play, learning and work in the web3 space. We’ll also discuss their various projects and the impact they’re making in the digital world. Stay tuned for an enlightening journey into the world of Salad Ventures.
Key Takeaways:
Salad Ventures has already made significant strides in the web3 space. As of May 2023, over 2.5 million NFT rewards have been minted by Salad’s community members, and together with its network of ecosystem partners, Salad’s reach exceeds 6 million savvy web3 users globally.
The genesis of Salad Ventures traces back to early 2021. It started as a humble play-to-earn (P2E) guild, now known as Apollo Squad. This guild brought together over a thousand adept players, equipping them with the necessary tools to flourish and earn within the P2E sphere.
The leadership of Salad Ventures is a blend of seasoned entrepreneurs and crypto enthusiasts, with a diverse team of over 20 members hailing from various parts of the globe, including Singapore, Malaysia, America, Europe and the Philippines. Its core team members bring a wealth of operational experience to the table, having been associated with industry leaders, innovative startups and agencies that have collaborated with Fortune 500 companies.
Salad Ventures is more than just an organization building an X-2-Earn ecosystem. It’s laying the foundation for a revolution in the web3 world. The team is committed to creating incentive models via blockchain technology that reward play, learning and work, fostering a more equitable digital world. By spearheading these initiatives, Salad Ventures aims to redefine the future of these essential aspects of life.
Salad Ventures' mission is to enable new economic opportunities through integrated web3 ecosystems. They achieve this by building and backing preeminent projects that form the foundation of the new web3 economy.
Salad Ventures operates on the principle of three main pillars: play-to-earn (P2E), learn-to-earn and work-to-earn, as embodied respectively in their primary products of Arcaden, Apollo Academy and Maslow, a decentralized labor exchange (DLX) set to launch in 2024. This approach is designed to create a cyclical effect benefiting both users and partners.
Salad Ventures focuses on the three key aspects of life of work, play and education. The organization has developed a sustainable model that allows users to earn while engaging in these activities.
For partner projects, Salad Ventures offers a comprehensive ecosystem. Projects can leverage Arcaden for user acquisition, Apollo Academy for user education and Maslow for job provision as they scale. This integrated approach allows projects to benefit from the interconnectedness of the Salad ecosystem.
The World of Arcaden - G3M NFT Series is a collection of G3M NFTs with varying rarity levels that can be earned by completing different tasks, such as social media engagement, app testing and event participation. The complexity, frequency and duration of the task dictates the rewards, with more demanding tasks providing greater rewards. Collectors can mint Purple G3M NFTs and upgrade them to higher tiers through a process known as forging. They can also compete in leaderboards for extra rewards. The G3M NFT Series is based on the BNB Chain, and uses the BEP-721 token standard. G3M NFTs can be traded or bought on marketplaces like OpenSea.
The G3M NFT Campaign is open to everyone, but the forging feature is exclusively available to those who have completed Know Your Customer (KYC) verification and possess the Salad Passport (explained further below). This is to prevent the minting system from being exploited.
To encourage collectors, a leaderboard system will be implemented, with rewards distributed monthly. The leaderboard and reward system add an extra dimension of engagement and competition, motivating collectors to enhance their G3M collection's rarity and value through forging and other methods. Only wallets with the Salad Passport minted are eligible to participate in the leaderboards.
The leaderboard's prize pool will be influenced by various factors, such as the number of active participants, new users (number of Salad Passports minted), G3M NFTs trading volume, and campaign partnerships and sponsorships. This will be determined on a monthly basis.
Arcaden is an online casual games arcade that supports a play-to-win approach. It allows users to deposit Salad Ventures’ G3M NFTs in exchange for credits, which can be used to play games and win prizes that include rare NFTs. The platform is designed to be accessible to a broad user base, offering a chance to earn rewards without significant investments or specialized skills. Arcaden also plans to further incorporate its NFTs into the platform, creating a gamified experience with additional utility for NFTs.
Apollo Academy, formerly known as Salad Academy, is an educational platform that initially focused on GameFi topics. It has since expanded its curriculum to cover all aspects of web3, including DeFi, TradeFi, NFTFi and more. The content is co-created by A2 Alpha Partners, who are founding and higher management members of notable web3 projects. The academy is intended to be free for all, ensuring wide accessibility.
Maslow is a decentralized labor exchange that plans to use NFTs as credentials to verify the capability, reliability and honesty of both employees and employers on the platform. It combines the best features of traditional platforms like Upwork and Fiverr with the benefits of blockchain technology. Transactions and payments are facilitated via smart contract technology, allowing workers and clients to transact securely and efficiently without intermediaries.
The platform focuses on the gig economy, the freelancer market and the full-time/part-time job market. Maslow aims to create a more transparent, fair and cost-effective solution for both workers and clients by leveraging web3 technology.
In December 2022, Salad Ventures launched the Salad Passport, which is a soulbound token created in partnership with Galxe. This initiative was designed to offer various earning opportunities to Salad community members, known as the #SaladFam.
The minting of the Salad Passport requires KYC verification to prevent exploitation of earning opportunities. This process ensures that the user is genuine, and is interested in exploring the earning opportunities provided.
The Salad Passport, which was minted by over 20,000 users within the first three months of launch, serves as the primary key to access the evolving Salad X2E ecosystem. As Salad Ventures progresses toward its vision for the future of work, it’s committed to building its own infrastructure for the future web3 work economy and collaborating with partners to provide income-earning opportunities via blockchain.
The Club Salad Access Pass - Genesis Edition is a token of gratitude from Salad Ventures to its community for their unwavering support as they aim to become the ultimate ecosystem for all things X-2-Earn in the web3 realm. The Genesis Pass was exclusively reserved for existing community members to mint, and its launch was strategically carried out through live events with active community members.
These passes are strictly limited to only 200 copies, and there won’t be any other passes with the same level of benefits and utility available in the future.
Pass holders receive priority access to all virtual and in-person events hosted and co-hosted by Salad Ventures. These include, but are not limited to:
Salad Ventures’ journey has been marked by significant milestones. It raised a seed round of $2 million, led by Multicoin Capital, followed by a substantial round of $13.5 million in February 2022. This round included an impressive lineup of investors such as C2 Ventures, Crossbeam Venture Partners, Foundation Capital, Gemini Frontier Fund, Winklevoss Capital and Polygon Studios. Notable angel investors like Santiago Roel Santos, Jack Herrick and Anthony Pompliano also joined the cap table.
Salad Ventures embarked on its journey in the second half of 2022, marking the first phase of its road map. The company introduced the Salad Passport (the official soulbound token for Salad Ventures), which was minted by over 28,000 users by March 2023. Concurrently, Salad launched the G3M NFTs campaign, resulting in over 1 million NFTs minted by the same date.
During this period, Salad also conceptualized and built Arcaden and Maslow, and developed GuildOS:Core. The company also rebranded Salad Academy to Apollo Academy, expanding its educational offerings.
In the first half of 2023, marking the second phase, Salad continued to refine and develop Maslow and formed partnerships with over 100 A2 Alpha Partners through Apollo Academy. The company also launched the public beta version of Arcaden.com, and introduced new NFTs and mechanics to the World of Arcaden.
The second half of 2023, marking the third phase, will see Salad Ventures generate the SALD token and distribute it to the growing community and backers. The company will also improve Arcaden by integrating it with MetaMask and allowing SALD tokens to be staked to earn Arcaden credits. The project will also introduce Dynamic NFT features for the Base Character Profile Picture NFT in the World of Arcaden.
The first half of 2024, marking the fourth phase, will see the launch of the Arcaden Marketplace, powered by the SALD token. This phase will also see the beta launch of Maslow.
SALD is the native token of Salad Ventures. The token is designed to unlock Salad's products and innovations and serve as a governance token, allowing holders to participate in shaping Salad Ventures' future. This could involve voting on new games for the Arcaden platform, educational content for Apollo Academy, changes to the Maslow platform, potential partnerships and community initiatives.
The token distribution is designed to reward and incentivize various stakeholders in the Salad ecosystem. There’s a maximum supply of 1.68 billion SALD tokens, allocated according to the following distribution:
SALD launched on Jul 19, 2023 at the price of $0.093132. It quickly rose to a peak of $0.099404 before crashing to its initial all-time low of $0.084822. It then recovered and hit an initial all-time high hours later on the same day at $0.107883. SALD price hit a new all-time high on Jul 21, 2023 at $0.132211 and reached a new all-time low on Jul 24, 2023 at $0.071592. It is currently priced at $0.089813 as of Jul 25, 2023.
Wondering where you can land your hands on some SALD tokens? Look no further, as Bybit now offers the SALD/USDT Spot trading pair! In order to get started, you’ll need to first sign up for a Bybit account and fund it with cryptocurrency before navigating to the SALD/USDT Spot trading page.
To celebrate this listing, Bybit is holding three exclusive events for users to win from a total prize pool of 75,000 USDT and 4,200,000 SALD.
The first event is exclusively for new users, and is being held from now through Aug 1, 2023, 8AM UTC. The first 1,250 new users to complete the following steps will each receive 50 USDT:
The second event is for all existing users who have created an account before Jul 18, 2023, 8AM UTC. You’ll be able to earn 10 USDT just by depositing a minimum of 8,400 SALD, or depositing 100 USDT and buying SALD with your Bybit account from now through Aug 1, 2023, 8AM UTC. Please note that the rewards will be distributed on a first come, first served basis to the first 2,500 users.
The third event is for all users: Stake to earn up to 333% APY, and win a share from the 4,200,000 SALD prize pool from now through Aug 2, 2023, 11:59PM UTC.
All you need to do is to first stake up to a maximum of 150,000 SALD with Flexible Savings, and start earning interest from the next day. The yield earned from the previous day will automatically be deposited to your Funding account — and will continue to be deposited daily until the last day of the event, as long as your tokens are still staked. If you’d like to withdraw your earnings, you can simply unstake your assets any time.
Given its role within the Salad ecosystem, SALD, the native token of Salad Ventures, presents an intriguing investment opportunity. The token's utility as a governance token allows holders to participate in shaping the future of Salad Ventures, which includes voting on new games, educational content and platform changes. This active involvement in decision-making processes can potentially increase the token's value as the platform grows and evolves.
Moreover, the Salad ecosystem is built on three main pillars: play-, learn- and work-to-earn. This diversified approach could potentially attract a wide range of users, thereby increasing the demand for SALD tokens. The platform's focus on providing earning opportunities for its users, coupled with its commitment to education and work, could make it a compelling choice for those interested in the X2E space.
However, as with any investment, it's important to exercise caution. The cryptocurrency market is known for its volatility, and the value of SALD, as with any other cryptocurrency, can fluctuate significantly. While SALD presents potential investment opportunities, it's crucial to conduct thorough research and consider your own risk tolerance before making an investment decision.
As always, it's recommended to only invest what you can afford to lose.
Overall, Salad Ventures represents an intriguing blend of blockchain technology, gaming, education and work, offering a unique proposition in the rapidly evolving web3 landscape. As the platform continues to grow and innovate, it will be fascinating to see how it shapes the future of the X2E space.
#Bybit #TheCryptoArk