What can Effect Network be used for?

Effect Network is nearing the delivery of the most anticipated element of the project: an SDK (software development kit) and a significant mainnet release. With this exciting upcoming event, everyone of us working with Effect can look forward to a whole new era. It’s also time for a new, fresh design for our branding.

With that in mind, I’d like to give a brief overview of our platform and discuss what it can accomplish and how it may benefit projects and businesses in a variety of industries.

The platform can be thought of as a decentralized launchpad for connecting requestors and workers. Jobs and tasks that require human intelligence can be crowdsourced by individuals and businesses. Through Effect Network they can access our qualified global human force and save time, hassle, and money.

Have you ever heard of Amazon Mechanical Turk? Similar in some ways, except that’s a centralized platform that uses FIAT money, whereas Effect uses its utility token $EFX to operate in a decentralized ecosystem.

Effect Network has a plethora of applications, as evidenced by our first Hackathon, which saw an outpouring of innovation and excellent case studies for the platform.

Let me give you some examples of uses per industry:

Every day, there are new NFT projects on the market. A new trend is to generate them using artificial intelligence, which makes them simple to make but difficult to categorize. If they’re not labeled, users will miss them on the marketplace when searching for specific characteristics.

Effect Network can help NFT projects by labeling their art.

• Web3 translations

Yes, it can be used as a typical translation system; but, as a web3 firm, we’re considering translation for the Metaverse, where language barriers will be broken. There is a great deal of work to be done in this field because it involves not just translating one language to another, but also slang, inside jokes, dialects, accents, and so on.

By bringing competent translators to the table, Effect Network can make a significant contribution to the space.

• Marketing

Another fascinating application for our WorkForce is for marketing agencies, freelancers, or even brand owners to use it to enhance their engagement across several platforms. This can range from liking or commenting on social media posts to increasing the amount of people who click on a link in order to improve SEO rankings. Wherever you need people to interact with your brand so that the algorithm can help you!

One of our Hackathon participants submitted an AMAZING concept called “EYEFX.” Its purpose is to determine where the user’s eyes spend the most time on the screen. Isn’t it incredible? EYEFX utilizes human intelligence for machine learning to track OUR EYES! Machine intelligence can already measure how long we stay on a webpage, but EYEFX uses human intelligence for machine learning to track OUR EYES! This allows content writers and designers to gain a greater understanding of how to improve their websites.

• E-commerce

Have you ever used Shein, AliExpress, or another comparable platform to shop for thousands of products? You know how sometimes you find something you like but forget to put it on your wishlist or cart, so you go straight to Google and type in terms like “blue tupperware” or “purple silk dress” and nothing comes up? That’s because these stores have such a large inventory that it’s impossible to annotate all of the product characteristics. Even for tiny businesses, labeling is a pain. But don’t worry, the Effect Force can take care of it!

AI has numerous applications, and it is quickly becoming the standard in this modern century. The most cost-effective choice is crowdsourcing, and Effect offers the greatest quality on the market.

One of the most essential purposes for Effect Network is for corporations and initiatives to use the platform to tap into the power of our WorkForce, who get paid in $EFX for completing tasks. This increases our token’s liquidity and worth. You can also help the project expand by referring users to our site as a member of our community!

Keep in tune for upcoming updates by following us on social media and #LetsGetBuilding!