web3 Monetization
Often the time people spend on social media is similar to working a full-time job. How do you make money from that? Web3 is a blockchain technology which solves this issue, by monetizing social networks with cryptocurrency. Web3 creates a platform for people to sell their data at personal level and allows advertisers to buy ads without violating our privacy or civil liberties. This means that users gain an opportunity to make money and advertisers get enough quality, verified information about their target market in order to create more effective advertising campaigns. Learn how Web3 can help you to make money.
It is hard to imagine that people who are not working may make money from their work on the web. But it is very possible, and with Web3 we can do it in an unprecedented way. The problem of data monetization has always been a tough one, but with the advent of blockchain technology this problem has become less important than ever before: accessibility, transparency, security and speed – all these features already had an impact on our lives and produce much more exciting changes than access to new revenue streams. Blockchain is also changing how we monetize our hobbies every day.
The main idea behind the model of monetization with Web3 is that users sell their personal data, which advertisers want to purchase, directly on blockchain. It represents a great opportunity for us to earn money from our activity, because these actions are valued in a cryptocurrency like Web3 tokens.
For example, among these there will be a set of activities that we perform on social media: sharing links to pages and groups, posting a post with the hashtag #x_topic_or_term , polling on questions distributed in the network like #x_question . These actions can be profitable for individuals and advertisers alike. The model for using such data will be based on the concept of micro-transaction, which is an idea that has existed since the beginning of the web, but this time it is possible to realize and develop on blockchain. The structure and rules of these transactions will be determined by other users themselves (in a decentralized manner).
It is worth mentioning that some people develop their own application or plugins that they sell directly to advertisers. To do so, they use their own browser, collected user data and social media accounts to develop different products; marketing campaigns are promoted through these tools.
A single user may monetize more than one type of actions during one day on social media, so there will be a variety of different transactions between users and advertisers. This will make it easy to collect the required data, such as user behavior patterns, the interests of potential customers, etc.
Web3 will solve the issue of privacy and data security. The user’s personal data will not be available to any third parties. Data about transactions and interaction between users and advertisers is also stored on the blockchain, so that this information can also be trusted.
At the same time there are a lot of ways in which Web3 can help advertisers with their campaigns: more effective marketing strategies with less money spent; increasing their sales; building a more customer-oriented company; improving brand loyalty; reducing costs from customer acquisition.
The benefits of Web3 are not just for business owners and investors, but also users who will manage their income with the help of cryptocurrencies. For example, they can use it to buy a product or service that they like or invest it in another cryptocurrency.
It is important when monetizing social media with the help of Web3 tokens to understand one thing: there are no guarantees that our efforts will bring us profits. You need to have good strategy, information about your target market, be patient and make out which types of advertising on social media give higher revenue.
Conclusion:
Most users do not know how to make money from their social media activity, but with Web3, there is a better opportunity to earn money on social networks. It is important to remember that with new technologies like blockchain, the world of data monetization is becoming more transparent and reliable. By investing in these technologies, you will be able to develop your own business, making the most of a unique opportunity for monetization on the web.
source: https://www.linkedin.com/pulse/web3-monetization-dr-rehan-altaji/
