- Multicoin Capital says future crypto users may earn tokens through online work instead of buying them.
- The Internet Labor Markets model rewards users with crypto for completing digital tasks or sharing resources.
A crypto investment firm called Multicoin Capital believes that the next major wave of crypto will be from earning digital tokens online rather than exchange buying. The form calls this model the Internet Labor Markets (ILM), where users complete online tasks for a decentralized network and receive crypto payments
Knishk Sengupta, a Multicoin Capital partner, says that this may change in the future of buying tokens into earning crypto by doing tasks on the blockchain network. Sengupta said that new users might receive their crypto payment as their income
How the Internet Labour Market Works
The Internet labor market works by having users perform small tasks and being paid in cryptocurrencies. These tasks include labeling data, sharing unused internet bandwidth, reporting local information, and testing the software. Blockchain technology helps these systems work more efficiently, and with the blockchain networks, the system can verify that the task is completed and send payments instantly using cryptocurrency
The concept builds on earlier crypto projects known as DePIN. These net rewards participants for contributing to the infrastructure. These projects have emerged from the Solana ecosystem. Multicoin Capital believes that the next phase will expand beyond hardware contributions to include human tasks and decision-making
If this model of the Internet labor market becomes widely adopted, then crypto would coordinate work across the globe. Instead of relying only on the investment, Twitter would support millions of workers earning tokens for the contributing services or resources
The model signals a major shift in people interacting with cryptocurrency, and rather than entering the ecosystem through token purchases, users may earn digital assets through online work.
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