Gossip about Gossip: How Platforms Provide Content Creators with Cryptocurrency Payment

November 11, 2022

In the rapidly growing world of cryptocurrency, getting paid for certain types of content via the digital medium is a lot more layered than meets the eye. According to Cointelegraph, the COVID-19 pandemic has heightened crypto payments as there was an increase of these payments. As content creators use various web platforms to promote and make a profit with their work, getting payment for such becomes an essential part of that discussion. How does crypto payment differ? How are platforms ensuring payment? And what goes into that process?

In the recent episode of “Gossip about Gossip,” Zenobia Godschalk interviewed Gregory Schneider, Deputy General Counsel at Hedera, about protecting and monetizing content creation and NFTs. They cover the landscape of cryptocurrency and the rise of NFTs, along with how payment works on different websites. Schneider is a financial attorney and the Deputy General Counsel at Hedera, where he’s been since September. He is a graduate of the University of Arizona, James E. Rogers College of Law.

“The money side is just kind of like the first layer of what happens on anything … that ability to transact and then you start layering on top of that, ‘Okay. Well, transaction for what?’ and then you have people who are making art, or music … or writing for example, any kind of creative endeavor, then you have to figure out … how are those people going to get paid and how are they going to get paid using this new technology,” said Schneider.

Key Points:

  1. The landscape of cryptocurrency and rise of NFTs
  2. Websites differ in providing payment, control, and royalties for content creators
  3. The sequence of steps that a platform initiates when it comes to crypto payment

Recent Episodes

power availability
View episode

The strategic placement of data centers is becoming increasingly vital for maximizing efficiency and sustainability. Applied Digital is leading this change by prioritizing power availability and focusing on sustainable solutions to enhance next-generation computing. Applied Digital dives into its methodology for selecting data center locations by prioritizing power availability, particularly sustainable power sources, and…

View episode

Today, telecommunications is characterized by increasing technological advances and evolving market conditions, making the industry stand at a crucial juncture. With ongoing government initiatives like the Broadband Equity Access and Deployment Program injecting significant capital into infrastructure, the stakes are high for companies to adapt and thrive. This dynamic landscape demands a nuanced understanding…

sustainable solutions
View episode

The advent of next-generation data centers is revolutionizing the AI landscape, driven by a blend of innovative technology and sustainable solutions. Applied Digital leads the charge in this transformation, by utilizing their cutting-edge data center infrastructure to maximize the potential of Artificial Intelligence. In a recent discussion, Applied Digital highlighted its commitment to sustainable…