In this web30.news series on “How to Earn Crypto,” we’re bringing you a variety of platforms, apps, and methods to earn cryptocurrency while engaging with the Web3 world. Below, discover a rundown of streaming platforms where you can earn crypto simply by watching videos.
Platforms for Earning Crypto by Watching Videos
Explore the nine most popular platforms that reward you with cryptocurrency for streaming videos online.
Theta Network (THETA)
Theta Network (THETA) is a decentralized video platform that leverages blockchain technology. Its aim? To revolutionize how video content gets streamed and shared. Users can contribute their spare bandwidth and computing power via a peer-to-peer network to host and stream videos. Theta Network cuts out the middleman by delivering content straight from creators to viewers. Rewards come in the form of TFUEL tokens for activities like sharing bandwidth, watching videos, and sharing videos. Token holders also unlock perks such as premium content and exclusive events.
Livepeer (LPT)
Livepeer (LPT) is a blockchain-based protocol designed to decentralize the video streaming industry. With LPT tokens, users can take part in the network and earn rewards. By staking their LPT as transcoders, users process and encode video streams, earning rewards based on their contributions.
Verasity (VRA)
Verasity focuses on enhancing the video streaming industry with blockchain tech. It brings transparency and rewards to both content creators and viewers. By watching videos, joining reward programs, and viewing ads, users can earn VRA tokens. Content creators earn tokens based on engagement metrics like views, likes, and watch time. These tokens can be traded for other currencies or used to access premium content.
DTube
DTube is a video sharing platform built on Steemit, a blockchain-based social media and blogging platform. Similar to conventional platforms like Facebook and Instagram, DTube allows users to share and engage with content. What sets it apart is the ability to earn monetary rewards for active participation on the platform. Content creators and participants earn rewards in Steem or Steem Power, with blockchain technology ensuring content remains censorship-resistant.
AIOZ Network (AIOZ)
AIOZ Network (AIOZ) is a protocol tackling the high costs, poor user experience, and privacy issues in video streaming. It employs peer-to-peer network technology, decentralized storage, and AI for high-quality streaming sans central servers. Users earn AOIZ tokens for contributing valuable content, with content quality determined by a decentralized rating system.
MovieBloc (MBL)
MovieBloc aims to disrupt traditional entertainment distribution models by creating a decentralized platform where content creators engage directly with their audience. It provides a transparent, efficient, and fair ecosystem for both creators and users, with MBL tokens awarded for participation.
LimeWire (LMWR)
LimeWire (LMWR) is a blockchain-powered platform for sharing music and other content. Operating on a decentralized peer-to-peer model, LimeWire enables direct file sharing without intermediaries. Users earn LMWR tokens for watching videos, sharing files, and contributing to the network.
Contentos (COS)
Contentos (COS) focuses on revolutionizing content creation, sharing, and valuation on the internet. On Cos.TV, users earn COS tokens for watching videos and engaging with the platform. Holding the native token grants access to exclusive content and features.
MILC Platform (MLT)
MILC Platform (MLT) is a 2021-launched project transforming the entertainment industry, particularly in video and streaming. MLT serves as the currency for transactions, royalty payments, and content project investments. Users earn MLT for creating and sharing valuable content.
How to Earn Crypto by Watching Videos
Starting to earn cryptocurrency by watching videos is simple but requires a few steps to maximize your earnings. Follow these steps:
Choose a Platform
Research and select a video streaming platform that offers cryptocurrency rewards. Popular options include DTube, Theta Network, Verasity, and Livepeer.
Create an Account
Sign up for an account on your chosen platform. This typically involves providing an email address, creating a username, and setting a password. Some platforms may require additional verification steps.
Set Up a Wallet
To manage your cryptocurrency earnings, you’ll need a digital wallet compatible with the platform’s native tokens. Ensure your wallet is secure and back up your private keys.
Explore and Select Content
Browse available content on the platform and choose videos that interest you. Engagement can boost your earnings, so look for ways to interact with the content.
Watch Videos
Start watching selected videos. Many platforms reward users based on watch time, video quantity, or engagement metrics like likes and comments.
Engage with Content
Interact with the content by liking videos, leaving comments, or sharing content. Higher engagement levels often lead to greater rewards.
Opt for Advertisements (Optional)
Some platforms offer additional tokens for watching advertisements. Adjust your ad preferences to receive ads that match your interests.
Complete Tasks or Challenges
Some platforms have tasks or challenges for extra rewards. Completing these activities can significantly boost your earnings.
Check and Redeem Your Earnings!
Regularly check your wallet to track your earnings. Most platforms provide a dashboard where you can monitor your cryptocurrency accumulation.
Risks and Challenges
While earning cryptocurrency by watching videos is enticing, it’s important to be aware of potential risks:
Market Volatility: Cryptocurrency values can fluctuate rapidly, leading to potential gains or losses. Stay informed about market trends and consider converting earnings to stablecoins to mitigate volatility.
Platform Stability: Choose platforms with a solid reputation and track record to minimize the risk of unexpected shutdowns.
Privacy Concerns: Be cautious about sharing personal information and use platforms with robust privacy policies and security measures.
Fraud and Scams: Stick to reputable platforms and avoid schemes that promise unrealistic returns or require significant upfront investment.
Technical Challenges: Familiarize yourself with cryptocurrency basics and wallet usage to navigate potential technical issues effectively.
Earning cryptocurrency by watching videos can be rewarding, but it’s essential to approach it with caution and awareness of potential risks.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
