Source: Unsplash for Verasity
Blockchain-based media companies like Verasity are compensating users, creators and advertisers with cryptocurrency.
called a CRNC token, to reward content creators.
Novaes cited YouTube as an example of a company that may want to consider it, given controversies surrounding its pay structure.
“You can only treat creators so badly,” Novaes said, adding that billions of people turn to the platform to listen to music for free, rather than subscribe to Spotify or Apple Music.
Each of Current’s Ethereum-backed CRNC Token is valued at 24 cents. The first thousand users will be live in a few months, as the company continues to roll out.