Jan 13, 2025
Ibiam Wayas
UBA Finance, or Universal Basic Asset, is building a SocialFi network and a Decentralized Identity (DID) system with privacy safeguards in the Web3 era.
SocialFi app uses the concept of UBI, and through the examination and analysis of users and their relationships, it transitions the user relationships that initially existed off-chain onto the chain.
Cryptocurrency mining is often associated with expensive, specialized hardware that consumes a significant amount of energy. This high entry barrier discourages many potential miners.
However, UBA Finance has managed to attract a broad user base by offering a more accessible alternative. Users can mine crypto using their smartphones on the app.
All that’s required is to visit the official website, register an account using an email address, or connect to a cryptocurrency wallet browser.
For SocialFi developers, UBA offers a chance to tap into the relationships and influence of its user base to bypass the initial stages of user acquisition.
GameFi developers, on the other hand, can utilize the UBA network and user labeling functions to conduct product activities such as customized tasks, joint NFTs, etc.
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