Data & Information: A New Era Of Monetization
I have an older friend who was always looking for ways to buy things that weren't just cheap but valuable and served some great benefits. He was constantly on "the grind" for these sorts of things. In places where others are looking to spend on comfort, he was looking to invest his time and energy into sourcing things that were invaluable, he would then resell this knowledge to make money for himself.
We're in a generation where people monetize their hustle and exchange their knowledge for the dollar. This world currently thrives on Data, this is because Data value and value itself can translate to money. A lot of people are looking for hacks, the easiest ways to do things and some people are constantly on the grind looking to get this information and place a monetary value on them.
When I was growing up, one of the most rampant keywords people searched around me on Google was "HOW TO MAKE MONEY". This is one of the most relevant and prominent questions ever. Why is this?
Big Techs Answers The "BIG" Question
Money is the means to acquire sustainability and hence making it inevitable. So the questions on how to make it will always be there. Big techs like Google have become a solace, a solution to over 41% of 8 billion people who has access to the internet. But here's the catch.
Google has become the biggest gainer over time, using its diverse algorithm to garner information and Data, then capitalizing on the need of people to depend on it to give them the swiftest of solutions. Notice how I said "the swiftest"? Yeah. The reason is that getting accurate information isn't easy.
Google's ability to provide speed is why some people would still choose it even though some of the pieces of information it provides might be slightly inaccurate, but the thing is, sometimes people don't even need the most accurate information, they just need pointers or clues and they're good to go.
A Stage Of Speed & Swiftness
This doesn't take away the fact that the world is heading into a stage of swiftness. Speed is becoming everything. People are becoming more conscious of time, hence, it's no more about getting information easily, but swiftly and as fast as possible. Google's is web2:0, owning and monetizing data that isn't theirs.
However, in a bid to even be better, so many people are beginning to wonder if a time will come when they'll get accurate and sustainable answers to their questions while having a bit of the pie. (The wealth that's being generated in the process). Let's not go into an analysis of how this thievery happens.
This is a generation that thrives on information and will do anything to have it.
.....this includes spending big. In a bid to monetize knowledge, you'd see people using e-books, uploading to YouTube, creating a paid platform on Udemy, to make the most of these pieces of information. Relevant information is not ubiquitous, they're exclusive and this is to the extent through which the monetization of information will go.
Data: Influencing The Money Choice
Crypto is the first to utilize Blockchain technology, I have a feeling this is only the beginning, it'll come to a time when people can become a beneficiary of their data. Let me describe a situation for you.
Samsung's best-selling mid-range phone is still the galaxy A51 produced over two years ago, this information is owned by Google and has been provided by avid users, now people who provided this search information feel they've gotten utility, but the truth is, they didn't.
The world is getting to that stage where people can completely monetize every aspect of their lives, but this isn't possible with web2.0. This wouldn't be possible unless web3.0 happens. The difference is that there will be decentralization of ownership, while people can still own their data. It's classic "Eating your cake and having it".
The Case With Monetization & True ownership.
Information and ownership will keep being the real deal. We have people who bring information and we have the ones who consume, these pieces of information are what we're reliant on to improve our lives. This is why it'll always be one of the most lucrative ventures till the end of time.
Nevertheless, there shouldn't be staticity to the basic functions of a person who brings information and another who consumes it. When these positions are diversely switched, there will be a certain fluidity when the value of Data or information is being measured.
This is evident on the Hive Blockchain, where creators are also consumers. The jet age is here, a time where people wouldn't be categorized with a singular stream of income.
Interested in some more of my works?
Crypto & The Outrageous Learning Curve: My Splinterlands Journey As A Case Study
Understanding & Adjusting To The Real Purpose Of Motivation
Thematic Expression: African Child (Shot & Edited On My iPhone 12)
How I Create Original Images for My Blog & Why This is Important
Budgeting: Paying Yourself First With Crypto
Establishing Compatibility: A Case For Self-Improvement
@Josediccus, your brother-in-pen & heart
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