In crypto.news’ “Earning Cryptocurrency” series, readers are introduced to the various platforms, applications and methods through which they can participate in the Web3 space and earn cryptocurrencies. Read on for a list of streaming platforms that pay with cryptocurrency and instructions on how to earn cryptocurrency by watching videos.
A platform where you can earn cryptocurrency by watching videos
Let’s take a look at 9 of the most popular platforms where you can earn cryptocurrency while watching videos online.
Theta Network (THETA)
Theta Network (THETA) is a decentralized video platform built on blockchain technology. The Theta Network aims to transform the way video content is streamed and distributed. The platform uses a peer-to-peer network where users can share their unused bandwidth and computing power to stream and host videos. Theta Network delivers content directly from creators to viewers without the involvement of traditional streaming services. Rewards for sharing bandwidth, watching videos and sharing videos are paid in native TFUEL tokens. Token holders will also have access to premium content, exclusive events, and other benefits.
Live Peer (LPT)
Livepeer (LPT) is a blockchain-based protocol designed to decentralize the video streaming industry. LPT tokens allow users to participate in the network and earn rewards. Token holders can stake LPT to transcoders on the network. These transcoders are responsible for processing and encoding video streams. By staking LPT tokens, users receive rewards based on their contribution.
Authenticity (ASK)
Verasity is a platform focused on improving the video streaming industry through blockchain technology. Verasity provides transparency and rewards to both content creators and viewers. Users can earn VRA tokens by watching videos, participating in rewards programs, and watching ads. Content creators can also earn tokens based on engagement with their videos, including views, likes, and watch time. These tokens can be exchanged for other currencies or used to provide premium content to viewers.
D tube
DTube is a video sharing platform based on Steemit, a blockchain-based social media and blogging platform. The blockchain-based platform operates similarly to peer platforms including Facebook and Instagram. This allows users to share content and give feedback. The key difference is that users can accumulate monetary rewards as they engage more with the platform. Through its two primary digital currencies, Steem and Steem Power, Steemit allows content creators and other participants to earn financial rewards. Payments are made with Steem or Steem Power, and the immutability of the blockchain allows content on DTube to resist censorship.
AIOZ Network (AIOZ)
AIOZ Network (AIOZ) is a protocol designed to address the high costs, poor user experience, and lack of privacy in the video streaming industry. The platform leverages peer-to-peer network technology, distributed storage, and AI to enable high-quality streaming services without relying on central servers. The AIOZ Network controls the quality of content through a decentralized rating system where users are rewarded with native AOIZ tokens for providing valuable content.
MovieBloc (MBL)
MovieBloc’s goal is to disrupt the entertainment world’s traditional distribution model and create a decentralized platform that allows content creators to communicate directly with their audiences. The platform is designed to provide a transparent, efficient, and fair experience for both content creators and users. By participating in the ecosystem, users and creators can earn the platform’s native MBL tokens, which grant access to premium content and other services.
Lime Wire (LMWR)
LimeWire (LMWR) is a blockchain-based platform for sharing music and other content. LimeWire’s platform is a decentralized peer-to-peer platform for file sharing. LimeWire allows users to share files directly with each other without the intervention of a central authority. The project aims to provide users with efficient and secure exchange of digital content. LimeWire’s native token, LMWR, is used as a reward system for users who watch videos, share files, and contribute to the network.
I’m happy (COS)
Contentos (COS) is a cryptocurrency project focused on changing the way content is created, shared, and evaluated on the Internet. Cos.TV allows users to earn COS tokens by watching videos and participating in projects. Like many other projects on this list, native token holders will have access to exclusive content and other features.
MILC Platform (MLT)
The MILC Platform (MLT) is a project launched in 2021 that focuses on transforming the entertainment industry, especially in the video and streaming space. MLT, the MILC platform token, serves as the currency for transactions, royalty payments, and investments in content projects. Users are rewarded with MLT when they create and share valuable content.
How to earn cryptocurrency by watching videos
Getting started earning cryptocurrency by watching videos is simple, but maximizing your earnings requires a few steps. Here’s a detailed step-by-step guide:
1. Choose a platform
Start by researching and choosing one of the various video streaming platforms that offer cryptocurrency rewards. Popular options include DTube, Theta Network, Verasity, and Livepeer. Each platform has its own unique features and reward systems, so choose the one that suits your interests and goals.
2. Create an account
Select your platform and register an account. This typically involves providing an email address, creating a username, and setting a password. Some platforms may require additional verification steps to ensure account security. For example, to use DTube you need to log in using your Metamask wallet.
3. Wallet settings
To receive and manage your cryptocurrency income, you need a digital wallet. Blockchain video streaming platforms often recommend specific wallets that are compatible with their native token. For example, if you are using the Theta network, you may need a Theta wallet. Make sure your wallet is secure and back up your private keys.
4. Explore and select content
Browse available content on the platform of your choice. Find videos that interest you, as participation improves your overall experience and increases your chances of receiving more rewards. Platforms like Verasity allow you to earn more by watching specific videos or ads.
5. Watch the video
Start watching the selected video. Many platforms allow you to earn cryptocurrency based on specific engagement metrics, such as time watched, number of videos watched, or likes and comments. Make sure you watch the video until the end, as you may not get the full reward if you only watch part of it.
6. Engage with content
Watch the videos and make sure you are interacting with the content to earn cryptocurrency. This may include liking a video, leaving a comment, sharing content, subscribing to a channel, etc. On platforms like DTube and Livepeer, the higher your level of engagement, the bigger the rewards. Your interaction can benefit both you and the content creator by promoting your content and driving more views.
7. Ad Selection (Optional)
Platforms like Verasity have the option to earn additional tokens by watching ads. This step is optional, but earning cryptocurrency by watching videos can greatly improve your results. To ensure you receive advertising tailored to your interests, please make sure your advertising preferences are set correctly.
8. Complete assignments or assignments
Some platforms, like Vevue, offer tasks or challenges that you can complete for additional rewards. This may include creating certain types of content, reviewing products, or participating in promotional activities. Completing these tasks can significantly increase your income.
9. Check your profits and repay them!
Check your wallet regularly to monitor your earnings. Most platforms provide a dashboard or profit summary that allows you to track the cryptocurrency you have accumulated. This will help you keep informed of your progress and make any necessary adjustments to your viewing habits to maximize your earnings.
Risks and Challenges
Earning cryptocurrency by watching videos can be a dream come true for cryptocurrency users, but it is important to be aware of the risks and challenges involved. Let’s take a look at how to stay safe while earning cryptocurrency by watching the video.
market volatility
One of the main risks associated with cryptocurrencies is the asset’s inherent volatility. Cryptocurrencies are a highly volatile asset class, and if you acquire cryptocurrencies, you should be aware that their value can change rapidly within a short period of time. This can result in profits, but it can also result in losses. If you’re worried about volatility, you’re considering making money by watching videos, getting informed about market trends, and converting your earnings into a more stable currency like a stablecoin.
platform stability
The stability and reliability of the platform you choose are important. Not all platforms have the same level of security and operational track record. Some may terminate unexpectedly, resulting in loss of income. It is important to research and choose a platform with a solid reputation and track record. Additionally, decentralized platforms can provide better resilience compared to centralized platforms.
Privacy Issues
When signing up to these platforms, you are often required to provide personal information and create a digital wallet, which can pose privacy risks. Make sure the platform has strong data privacy policies and security measures in place to protect your information. Be mindful of the amount of personal data you share and consider using platforms that prioritize user privacy.
scams and scams
Make sure you click on the correct URL when signing up to a platform that asks you to log in with your cryptocurrency wallet! Sometimes scammers trick users with fake links designed to steal user funds. To avoid falling victim to these scams, compare URLs with links on your project’s social media to see if they are legitimate. Stick to well-known and reputable platforms, and be wary of those that make unrealistic promises or require significant upfront investment.
technical challenges
If you want to earn cryptocurrency by watching videos, it’s best to have a basic understanding of how cryptocurrency works and how to use a wallet to keep your funds safe. Technical issues such as network congestion, wallet compatibility, transaction fees, etc. may result in loss of funds or a bad experience. Luckily, here at crypto.news you can find all kinds of educational content to show you how to get started.
final thoughts
Learning how to earn cryptocurrency by watching videos is a growing trend in the digital content market. With cryptocurrency video platforms like those mentioned in this article offering unique ways to monetize viewership and content creation, users have a variety of options to explore and earn digital currency. However, it is important to remain aware of the potential risks and challenges associated with these platforms to make informed decisions.
Explore cryptocurrency streaming platforms today and turn your video watching habit into a profitable venture.