With all the benefits that cryptocurrencies come with, it comes as no surprise that many people want to get their hands on them. There are many ways to get cryptocurrency; you can buy tokens on an exchange, earn them in exchange for work, earn them via staking, and much more.
But these days, there is an exciting way to earn crypto that benefits content creators of all types and lets audiences feel closer to these creators; crypto streaming. Crypto streaming is on track to becoming one of the popular ways to earn cryptocurrency in the age of digital content.
How Crypto Streaming Works
First and foremost, it is important to know what exactly this new crypto-earning technique is. Crypto streaming refers to a creator live streaming themselves and being rewarded with cryptocurrency. This could be a set amount given by their platform of choice, money given by fans, or both.
Websites like Twitch are built around the idea of watching someone else’s streams and the streamer being compensated for it. But crypto streaming rewards these creators with cryptocurrency instead of fiat currency which puts a new twist on it. So what can you stream yourself doing for cryptocurrency?
Honestly, anything you want. Just like with ‘traditional’ streaming, there are few limits to what you can stream yourself doing for crypto. You can live stream conversations with your viewers, you can stream yourself playing video games, and much more. One thing that has proven popular is live streams of creators playing gambling games. If you’re thinking of filing yourself enjoying a crypto casino, there might just be a market for it.
The success of live streaming has to do with how engaging the creator is and how much the audience can connect with them through a screen. After a creator decides to livestream for crypto, they will have to choose a platform to stream on.
The good news is that there are many platforms that have launched to cater to this need. Many of them require creators to apply to their programs and fulfill some conditions. Usually, a creator will have to have live-streamed in the past and have a measurable audience above a certain size. Because crypto livestreaming is a newer concept, many platforms don’t yet allow unestablished streamers to sign up. But if a streamer is accepted, they will need to stream for a minimum number of hours to earn crypto.
As they continue to stream, they earn tokens from the platform, as gifts or subscriptions from fans, or both. Some creators are able to stream to earn money on the side and for some, it is a full-time job. Streaming as a concept already became mainstream in the 2010s but its foray into the crypto space has significant implications,
First, it ensures that the crypto industry and the creator economy are more closely intertwined. It also creates more avenues for creators to earn money and crypto users to spend their crypto. And as more time passes, we can expect to see more crypto streaming developments.
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