Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum price set for $8k breakout, top Bitget analyst predicts

18/09/2025

Markets Weigh Labor Risks, Inflation, and Liquidity Bets

18/09/2025

Avalanche Foundation Adds U.K. Lawmaker Chris Holmes to Board

18/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum price set for $8k breakout, top Bitget analyst predicts

    18/09/2025

    Wall Street Bank Citigroup Sees Ether Falling to $4,300 by Year-End

    18/09/2025

    Ethereum positioned to replace Wall Street infrastructure, yet remains undervalued by investors

    18/09/2025

    Major Bull Tom Lee Shares His Updated Bitcoin (BTC) and Ethereum (ETH) Prediction! Reveals Time Required for a Rise!

    18/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Telegram’s Pavel Durov Celebrates as TON-Based NFTs Show Stunning Price Spike

    18/09/2025

    200+ Digital Artists Redefine Blockchain Creativity

    18/09/2025

    LimeWire Acquires Fyre Festival, Plans Fresh Start With a Crypto Spin

    16/09/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    Ethereum price set for $8k breakout, top Bitget analyst predicts

    18/09/2025

    Markets Weigh Labor Risks, Inflation, and Liquidity Bets

    18/09/2025

    Avalanche Foundation Adds U.K. Lawmaker Chris Holmes to Board

    18/09/2025

    Hex Trust Adds Custody and Staking for Lido’s stETH, Expanding Institutional Access to Ethereum Rewards

    18/09/2025
  • Blockchain

    Avalanche Foundation Adds U.K. Lawmaker Chris Holmes to Board

    18/09/2025

    UBS, PostFinance and Sygnum Conduct Cross-Bank Payments on Ethereum

    18/09/2025

    Griffin AI Launches No-Code Agent Builder for Web3 and DeFi

    18/09/2025

    LinkLayerAI Taps ATT to Boost Web3 Adoption with AI-Powered Incentives and dApps

    18/09/2025

    Hua Jian and Renhe Launch OTC Drug RWA Platform to Modernize Supply Chains

    18/09/2025
  • DeFi

    Hex Trust Adds Custody and Staking for Lido’s stETH, Expanding Institutional Access to Ethereum Rewards

    18/09/2025

    Revolutionary Taiko Chainlink Integration Unlocks New DeFi Horizons

    18/09/2025

    L2 Closures and $100M GHO Push Spark Debate

    18/09/2025

    Botanix Launches Yield-Bearing Bitcoin Standard

    18/09/2025

    ETH Exit Queue Gridlocks As Validators Pile Up

    18/09/2025
  • Metaverse

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025
  • Regulation

    Markets Weigh Labor Risks, Inflation, and Liquidity Bets

    18/09/2025

    Gemini IPO Hype Fades With 12% Drop; Stock Under Pressure?

    18/09/2025

    Tether, Tokenization Pioneers Unveil Startup Focused on GENIUS-Aligned Digital Dollars

    18/09/2025

    Analyst expects crypto ETFs to double on new SEC rule

    18/09/2025

    Forward Industries Eyes $4B to Buy More Solana

    18/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row

    18/09/2025

    Gemini Crypto Exchange IPO Pops 14% as Winklevoss Twins Predict $1M Bitcoin

    18/09/2025

    Futu Securities Brings Solana Retail Trading to Hong Kong

    18/09/2025

    World’s Largest Crypto Exchange by Trading Volume Launches Airdrop for New Universal ZK Rollup Protocol

    18/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    ‘Pixelverse’ Expands From Telegram With AI Agent Game on Farcaster

    18/09/2025

    Blockchain Games Break Into the Mainstream

    17/09/2025

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Here’s why Bitcon mining stocks Bitfarms and IREN are surging

    18/09/2025

    Bitcoin mining stocks outperform BTC as investors bet on AI pivots

    16/09/2025

    DL Holdings to Enter Bitcoin Mining Through Convertible-Bond Deal

    16/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Pakistan invites global crypto firms to apply for operating licenses: Report

    18/09/2025

    Bank of England’s Proposed Stablecoin Ownership Limits are Unworkable, Says Crypto Group

    18/09/2025

    “It Would Shoot First and Ask Questions Later”

    18/09/2025

    Italian, French, and Austrian Regulators Propose MiCA Changes to EU Crypto Oversight

    18/09/2025

    Ethereum price set for $8k breakout, top Bitget analyst predicts

    18/09/2025

    Markets Weigh Labor Risks, Inflation, and Liquidity Bets

    18/09/2025

    Avalanche Foundation Adds U.K. Lawmaker Chris Holmes to Board

    18/09/2025

    Hex Trust Adds Custody and Staking for Lido’s stETH, Expanding Institutional Access to Ethereum Rewards

    18/09/2025
  • MarketCap
NBTC News
Home»GameFi»Bitcoin Layer-2 Social Network Offers Rewards for ‘Touching Grass’ in NFT Game
GameFi

Bitcoin Layer-2 Social Network Offers Rewards for ‘Touching Grass’ in NFT Game

NBTCBy NBTC04/04/2024No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin and its proof-of-work algorithm have long been criticized for its excessive energy consumption by environmental groups. A new Bitcoin layer-2 staking network called Social Network aims to change this using an Ethereum Virtual Machine (EVM) and an NFT-based mobile scavenger hunt tied to its mainnet launch.

While some Bitcoin fans may jump at the chance to own another digital collectible, Social Network—a network for earning staking rewards, not a “social network” in the Facebook/Twitter-like sense of the term—says its aims are more socially beneficial.

“Social Network is one of the projects we’re contributing to the most right now, which is trying to create a new decentralized social network incentive system that essentially makes social networks a public good again—and less about making private companies a lot of money,” Earth Wallet founder, CEO and Core Contributor to Social Network Sukhveer Sanghera, told Decrypt in an interview.

Launching April 22, Social Network, developed in partnership with Bitcoin and Ethereum self-custody platform Earth Wallet, aims to enhance Bitcoin transactions, lower costs, make the network more energy efficient, and get crypto users out of the house and into nature.

“Essentially, the way you can become a part of Social Network and this movement that we’re hoping to create is by going and touching grass,” Sanghera said. “So, you can download Earth Wallet today, and it will route you to your closest park where you can catch a Regens character and you can become a part of this fair launch,” he said, likening the project to Niantic Labs’ wildly popular Pokémon Go.

As Sanghera explained, upon visiting a park, players will see a “touch grass” button upon opening the Earth Wallet app. Tapping this button switches the app to an augmented reality (AR) mode, revealing region-specific NFT characters that users can attempt to capture by pressing and holding on them. Additionally, the distribution of these NFTs varies according to the population density and energy consumption in different countries or areas.

Exciting news! Bitcoin Blocks #9 & #78 are now home to Regens! 🧡

Check your claim 👉 https://t.co/9BHzkfeYhu

Congratulations to the top 108 early builders, leaders, testnet Bitcoin stakers, and engaged community members for making history with us! 🎉

Guaranteed claims will be… pic.twitter.com/wNrGW9h74C

— Social Network (@socialnetworkL2) March 28, 2024

With a background in aerospace engineering, Sanghera said he first saw a need for an environmentally friendly option for cryptocurrency after seeing how much energy it took to be a profitable Dogecoin miner in 2014.

“It’s still a problem today that we’re still using a ton of energy for things that could be used elsewhere,” he said. Underpinning Social Network is the eBTC token used for staking rewards paid out from layer-2 transaction fees.

According to Sanghera, Social Network recently completed the launch of 369 Regens on Bitcoin block 9. Block 9 is significant because it was mined by Satoshi Nakamoto in 2009. Sanghera explained that this distinction is important to ensure the Social Network remains a decentralized, leaderless movement, and the protocol stays aligned with its core mission and values.

Social Network opened early access to its global fair launch to 10,000 testnet contributors and 369 Bitcoin Regen holders on April 1, and next will open it to the public on April 14.

While Regens utilizes the Ordinal inscription protocol, Sanghera said he understood why some in the Bitcoin community said the popular digital collectibles protocol is not the best use of the Bitcoin blockchain. Some Bitcoin maxis have gone as far as calling inscriptions spam on the network.

“They have valid concerns about Bitcoin Ordinals; I think the software is poorly architected,” he said. “I agree bringing media on Bitcoin is good; it adds more utility and use cases, but the architecture of Ordinals is spamming Bitcoin nodes. There’s better ways to do it, and that’s what we’re solving with Social Network.”

As Sanghera explained, Social Network intends to promote a fair global distribution and reiterate the project’s commitment to aligning technology with healthier incentives for the internet. Sanghera does, however, acknowledge that getting Bitcoin maximalists onboard with using an Ethereum-based solution is an uphill battle.

“I think maximalists are a little bit toxic to society in general,” he said. “If they want to see Bitcoin become a global monetary system, then they need to open their eyes and look at the world and the problems that the world has—and try to solve some of the societal issues that are going on. Because money is just a tool that we use to build a better society.”

Despite this, Sanghera emphasized a tremendous respect for Bitcoin Core developers, and is optimistic that environmentally conscious Bitcoiners will see the value in what the Social Network and Earth Wallet are attempting to do—and come onboard.

“Bitcoin is supposed to be the future of money,” Sanghera said. “And for that to be true, it needs to be beneficial to all of society, not just a small subset of finance people.”

Edited by Andrew Hayward


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

‘Pixelverse’ Expands From Telegram With AI Agent Game on Farcaster

18/09/2025

Blockchain Games Break Into the Mainstream

17/09/2025

DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

16/09/2025

Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

14/09/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum price set for $8k breakout, top Bitget analyst predicts

18/09/2025

Markets Weigh Labor Risks, Inflation, and Liquidity Bets

18/09/2025

Avalanche Foundation Adds U.K. Lawmaker Chris Holmes to Board

18/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.