Investment firm Multicoin bets 'Internet Labor Markets' will drive crypto’s next wave of adoption

Venture firm Multicoin Capital posits that the next significant user onboarding into crypto will occur through 'Internet Labor Markets' (ILM), a model where users earn tokens by contributing work, resources, or expertise, rather than buying assets outright. This shift from speculation to earning allows for global labor coordination at low cost, enabling decentralized networks to reward contributors instantly for tasks like data labeling, reporting, or contributing bandwidth, which is facilitated by blockchain's automatic verification and settlement capabilities. Multicoin sees this evolving beyond hardware contributions like DePIN to include active human judgment, potentially intersecting with AI development by providing necessary human verification and discretion for automated systems, ultimately driving crypto adoption through work.

(Source：CoinDesk)