Popular crypto trader and analyst Ben Armstrong shares with his subscribers 3 key reasons why Unlock Protocol (UDT) is poised to revolutionize the Web3 revolution. Unlock Protocol (UDT) is a subscription protocol that allows creators to monetize their work on their own terms without having to rely on 3rd party apps or platforms. Analyst says the following about the Web3 Coin project:
Web3 is coming and Unlock Protocol is taking responsibility for how information is exchanged online, where they will leverage the power of Blockchain to allow decentralized monetization of content.
The analyst then goes on to explain the reasons for the bullish optimism on UDT. we too cryptocoin.com We have compiled the analyst’s posts for our readers.
First, it aims to solve the Web 2.0 dilemma
According to the analyst, in the era of Web 2.0, the internet faced some sort of impossible dilemma between asking consumers to sign up for paid subscriptions and using ad-supported networks that reward page views. Because creators are paid based on stealing our attention rather than broadening our horizons.
Also, Ben Armstrong notes that Web 2.0 has created a number of different gatekeepers and tools whose sole purpose is to connect creators with their communities. So, to solve this dilemma by bringing content creation into the age of Blockchain, the analyst says, an Unlock Protocol has been created, making it purely peer-to-peer, allowing creators to make money without relying on middlemen:
In simple terms, it allows creators to deploy smart contracts on their websites that restrict access to those who have the right key, the keys come in the form of Non Fungible Token (NFT). That’s what NFT employees have been saying for years.
The second reason for Web3 Coin is the large pool for adoption.
Ben Armstong emphasizes that Unlock Protocol provides an online economy based on membership rather than attention:
What matters is members who can exist on multiple platforms. It’s a big deal, and that’s why Unlock Protocol has already been integrated by major players, including none other than Forbes magazine.
Also, the analyst points out that Unlock Protocol is built on Ethereum, but is working on multiple chains such as Dai and Polygon, with Avalanche and Arbitrum integrations soon:
Any viewer using MyCrypto Wallet Manager will likely be ahead of the game here as they recently integrated Unlock with an airdrop bonus of UDT, the protocol’s management token for their users.
Importantly, the Unlock community has deployed plugins on a wide variety of platforms and software, including Cloudflare, Discord, Discourse, Drupal, Known, Shopify, StreamLabs, Squarespace, Webflow, WordPress, Firebase, and all of them now have full Unlock’s code to connect creators to their communities. uses as.
Finally, it has strong supporters
Ben Armstrong says the project is supported by major companies such as Consensys, Coinbase Ventures, and more recently GMG Ventures, a fund backed by The Guardian newspaper’s parent company.
The crypto analyst also highlights that Unlock Protocol founder Julien Genestoux has a very impressive history of founding Superfeedr, an RSS Feed API that was acquired by Medium and later became the lead developer.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.