CryptoQuant founder Young Ju believes the internet will shift from monetizing attention through social media and ads to a more collaborative labor system in the next five years. He envisions decentralized, tokenized, or smart contract-based user compensation models where crypto analysts, content creators, and data curators collaborate for information production, paid transparently through blockchain and smart contracts. Although experts see potential in this model, challenges like widespread adoption of crypto, infrastructure development, and user resistance to paying for information need to be addressed.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
He noted that crypto analysts, content creators and data curators online will move beyond monetizing attention to collaborating with different entities for information production. This will rely on the systems already created by blockchain and smart contracts to facilitate transparent payments for such contributors.
It depends on the field. Right now, the essence lies in quantifying attention on the Internet, but in five years, I believe it will evolve into a labor contract facilitating collaboration in the production, distribution, and acquisition of information on the Internet., Chief Executive Officer of X Corp, believes the X Money account could later provide P2P payments. It might integrate crypto payments into the"everything app" vision of the platform.
Switching to such a model would require widespread global adoption, particularly in the use of crypto. This is not limited to users but also to different platforms. Additionally, users already used to"free access to information" might resist this move.In addition, tech experts maintain that the infrastructure needed to support such changes might prove overwhelming.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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