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Leading Decentralized Freelance Marketplace, CryptoTask Moves To Tezos
CryptoTask, a ‘DeFree’ application with over 35,000 users and over 100 daily sign-ups, has chosen Tezos to accelerate its decentralized marketplace for the future of work.
By: Lee Evans
7 July 2021
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CryptoTask Moves To Tezos
Today, CryptoTask, the largest decentralized freelance market, announced it will migrate to the secure and upgradable Tezos blockchain. CryptoTask will further develop its decentralized freelance marketplace features using the scalable and energy-efficient solutions of Tezos blockchain.
“It’s a memorable day that we have been waiting for months now. CryptoTask on Tezos will disrupt freelancing as we know it. The platform and our users will hugely benefit from the Tezos blockchain through low gas fees, smarter smart contracts, and low energy consumption. We can’t wait for our users to see and feel the change Tezos is bringing to our freelance marketplace,” shared Ivan, Co-Founder of CryptoTask.
With over 35 000 users, a sign-up rate of 100 users daily, 100+ daily transactions, and high-quality job ads, CryptoTask is among the fastest-growing decentralized freelance marketplaces.
To maintain its growth, CryptoTask demanded a secure and scalable solution to support the seamless user experience with the marketplace. With its secure and upgradable nature, the Tezos protocol is the perfect solution for the CryptoTask platform.
Building on Tezos will allow the CryptoTask team to further develop essential features like automated instant payout settlement, P2P job matching, FIAT on-ramps, and opening accessible digital wallets. As the complexity of our platform grows, we are delighted to base our smart contract infrastructure on Tezos.
The global pandemic has increased the demand for freelance marketplaces that can seamlessly connect employers to experienced freelancers; however, issues in the two-sided marketplaces around transparency, cost, and reliability have slowed the growth of these platforms beyond the demand for them.
CryptoTask currently operates with 0% fees for all users, with a transparent escrow payment system. Unlike other job boards specializing in blockchain-related openings, CryptoTask is inclusive and attracts companies and specialists from different fields across regions and continents.
Tezos is one of the first and longest running Proof of Stake blockchains. Network activity on Tezos has grown 1,200 percent this year due in part to its energy-efficient design and ease of use.
Tezos has verified and tested smart contracts that can handle the complexities that builders demand. Tezos has undergone six network upgrades to reduce gas fees, improve token standards, increase transaction speed, and more.
Upgrades on Tezos are made possible by on-chain governance where continuous improvements are proposed, adopted, and deployed without forks.
CryptoTask is the first fair freelance marketplace. We strongly believe in creating a more just freelancing ecosystem, and help freelancers do what they do best while enabling them a stress-free environment where they can earn more and be paid faster.
We are solving online freelancing problems by utilizing smart contracts enabling very low fees, scalable dispute resolution systems, instant payments, and more.
Our main advantages are scalability and focus on high-quality UX so that users have no need to install 3rd party plugins and wallets. We are the biggest job market powered by blockchain with 30,000 users.
Disclaimer
Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.
Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.
User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.
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Etherlink, the Tezos blockchain’s latest Layer 2 solution, is set to redefine the landscape of decentralized applications (DApps) with its upcoming mainnet launch in March 2024. This EVM-compatible, optimistic rollup distinguishes itself from other external Layer 2 platforms like Arbitrum, Optimism, and Polygon, due to its unique enshrinement within the Tezos blockchain.
Starting on December 6 with an exhibition, panels and performances at the Nautilus Hotel, curatorial platforms, partners and marketplaces from around the world will co-curate contemporary digital art minted on Tezos. Over 50 works will be shown, ranging from historical pieces to contemporary editions sold during the event, with a portion of the proceeds going to the Trevor Project, an American nonprofit organisation raising funds for suicide prevention amongst LGBTQ+ youth.
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