Quick Notes: Coil - Driving a Better Internet User Experience
Educate your community about the future of website monetization by liking and retweeting this tweet, plus following CryptoJeter. These quick notes provide a glimpse into how you can receive and give more value using the internet. Would you not want to read the full article?
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Quick Notes about Coil
This article focused on the Coil, a web3 tool that enables a better user experience for users by minimizing clickbait, and taking more ownership of their data.
Websites currently don’t have effective business models that benefit the user and website owner
Many of today’s websites make money from ads or from selling user data
Many ads featured on websites tend to not add value to the consumer
Coil is an all in one subscription that makes websites earn revenue based on the amount of user activity
Coil is using web-monetization to enable all parties of internet to earn value
The more people adopt Coil, the more websites don’t have to use ads or sell data to generate revenue
Micropayments is a technology that will enable a new way for websites to receive value
Micropayments is a budding industry as influential tech thought leaders have explored its viability
Coil is built on the Interledger protocol which specializes in enabling micropayments to happen
Micropayments are difficult to implement because the fees on chain have not proven to be less than the fees on TradFi systems
Micropayments unlock a better user experience as users support the content they enjoy monetarily
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Educate your community about the future of website monetization by liking and retweeting this tweet, plus following CryptoJeter. These quick notes provide a glimpse into how you can receive and give more value using the internet. Would you not want to read the full article?
If you found extraordinary value from this article, you can show your support by sending a tip to CryptoJeter.eth (crypto wallet) or $CryptoJeter (cash app).
Thanks for your generosity, it allows me to continue sharing content like this.
Opinions are my own!!!
About the Author:
Hey Friends! Thanks so much for checking out the Crypto Jeter newsletter. I’m Austin and I write this newsletter weekly to shine a light on emerging web3 startups and display the innovation and various evolutionary moments impacting the industry.
In 2017, during my sophomore year at Morehouse College, I bought my first fraction of a Bitcoin and have since been inspired by the financial access blockchain technology creates.
Over the last 5 years, I’ve built community and learned so much and am excited to share my thoughts with the crypto ecosystem
I truly enjoy meeting founders, investors, and contributors who are in the crypto space so please feel free to send me a DM on Twitter to @Cryptojeter if you’d like to chat.