Multicoin Capital proposes the concept of the "Internet Labor Market," believing that the next wave of user growth in cryptocurrencies will come from earning tokens through work.

Gate News reports that on March 11, investment firm Multicoin Capital introduced the concept of “Internet Labor Markets” (ILM). Partner Sengupta stated that the next wave of cryptocurrency user growth will come from earning tokens through work rather than direct purchases. In the future, people will obtain their first cryptocurrencies by working.

The ILM model allows users to earn token rewards by contributing work, resources, or expertise, including tasks like data labeling, bandwidth sharing, and energy optimization. This concept is based on the development of decentralized physical infrastructure networks (DePIN), but emphasizes active labor contribution more. Blockchain infrastructure enables work verification and real-time settlement without traditional invoicing and approval processes.

Sengupta pointed out that this model may be deeply integrated with artificial intelligence, with humans collaborating with AI systems in areas requiring human judgment, such as data labeling and quality assessment.

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