A brand new staking network called Social Network is going to change the world of cryptocurrency in a big way. Developed in collaboration with Earth Wallet, a platform for holding Bitcoin and Ethereum independently, Social Network plans to use an Ethereum Virtual Machine (EVM) and a mobile scavenger hunt based on NFTs to transform Bitcoin transactions, lower costs, and improve energy usage.

Set to be released on April 22, Social Network is unlike traditional social media platforms such as Facebook or Twitter. Instead, it focuses on developing a decentralized system that rewards users for being active on the network.

What did the CEO of Earth Wallet say?

According to Sukhveer Sanghera, CEO of Earth Wallet and Core Contributor to Social Network, the goal of the project is to turn social networks into a common good once again, with societal benefits taking priority over company profits.

Social Network is a huge step forward for Bitcoin, making it more accessible, efficient, and better for the environment. We are thrilled to welcome early users to join us on this journey to unleash Bitcoin as a tool for planetary healing, and see the advantages for themselves.

While Bitcoin fans might be tempted by the chance to own digital items through Social Network’s scavenger hunt based on NFTs, the main focus of the project is still to promote social and environmental well-being.

By giving users rewards for participating in outdoor activities, like the scavenger hunt, Social Network hopes to create a stronger bond with nature while also making Bitcoin transactions more efficient and sustainable.