Coinbase Earn Launches as a New Platform to Learn About Crypto Assets
You can now earn cryptos by learning about cryptos. No, this is not any pyramid scheme from a shady company but a new platform launched by one of the biggest names in the cryptocurrency ecosystem, Coinbase.
Earlier in 2018, BitcoinExchangeGuide had reported that Coinbase had purchased the domain Earn.com for $120 Million and had appointed their CEO, Balaji Srinivasan as Coinbase’s CTO. Earn.com started off as 21 Inc making a Raspberry Pi connected to a bitcoin-mining ASIC which could build bitcoin miners into devices people already use.
After rebranding itself as Earn.com they ended support for its Bitcoin Computer to focus on allowing users to monetize their email and social media channels instead. Currently, Earn.com pays users in bitcoin, but the company has also developed its own Ethereum-based ERC20 token so that when people completed tasks in Earn.com, they can earn rewards in tokens.
You can watch a brief summary describing the product Coinbase Earn through the video below.
The press release of the product says:
“Coinbase Earn allows users to earn cryptocurrencies while learning about them in a simple and engaging way. The idea is for users to understand more about an asset’s utility and its underlying technology while getting a bit of the asset to try out.”
Currently, the Beta version of the platform is online, although not on the domain Earn.com. Only a few select users of Coinbase will receive the invitation to the service. The company says that educational content will go beyond Bitcoin and Ethereum. Developing education pages for obscure cryptocurrencies makes sense as Coinbase plans to add dozens of cryptocurrencies over the coming months.
Coinbase says that through this product they aim to expand the blockchain user base from tens of millions of people engaged now to billions. All that people need is a smartphone and the access to the internet. Even people who are not invited to Coinbase Earn can view the product, but only those with the invites can earn cryptos.
The first wave of funding comes from the 0x external development pool, with 100% of the funds going directly to users. Although, in the future, Coinbase plans to expand to different type of senders and not diverted to only developers.
Today, we're launching Coinbase Earn, a new way to earn crypto while learning about digital assets. With Coinbase Earn, the idea is for users to learn about an asset’s utility and its underlying technology, while getting a bit of the asset to try out. https://t.co/tfcljhUJFe pic.twitter.com/cWa8RTDGuA
— Coinbase (@coinbase) December 19, 2018