3 tips you should know when using Web3 to earn money

Forget NFTs and gaming - Web3 offers fresh, more sustainable ways to earn online. 

The once-glamorous world of flipping NFTs and grinding in play-to-earn games can sometimes feel tiring. Oversaturation and unpredictability have many forward-thinkers hunting for smarter, more sustainable ways to make money.

Good news: Web3 isn’t just about pixelated art or grinding out token payouts. iExec and its developer tools are paving the way for applications that open up numerous opportunities to generate income. These tools facilitate activities that add tangible value to the Web3 space and your wallet, leveraging innovative technology to transform how digital assets are utilized and monetized

Why Actual Web3 Earning Models Are Becoming Outdated

Those older Web3 earning strategies had their moment - NFT flipping, token speculation, staking - but they might not be cutting it anymore. Why? Because they’re risky and volatile.

The NFT market is flooded, token prices can swing more than a 1990s ska band, and the good old days of staking as an honest day’s work seem to be gone.

The solution is to think about digital ownership in a new way. Web3 is evolving beyond the binary HODL or sell approach. With iExec's developer tools, Web3 applications can now adopt a new approach to monetization, paving the way for sustainable earning models.

The Problem with NFT Flipping and Speculation

Once upon a time, flipping NFTs seemed like a quick path to easy profits. Prices plummeted during the last NFT market crash, and the “buy low, sell high” couldn't win at all. Speculative trading has its risks. What looks like a winning move today can unravel into a nosedive, breach, or rugpull tomorrow (as we saw last year…). 

This serves as a stark reminder: while fast-paced trading can offer thrilling opportunities, it’s crucial to approach it with strategies that prioritize long-term security and resilience, especially in the volatile realm of tokenized assets.

What if, instead of chasing fleeting trends, the new 'honest day’s work' revolved around secure ownership and sustainable earning through monetizing the digital assets you own or have created?

Why Web3 Users Are Seeking More Sustainable Earning Methods

Why Web3 Users Are Seeking More Sustainable Earning Methods

Web3 users have an alternative to quick cash grabs for something that lasts. High-risk, high-reward strategies might grab headlines, but for people who crave income models that are stable and practical, iExec can offer stability in an unstable world. 

iExec is building a decentralized digital economy where people can earn from things like personal data, content, and even code, all while keeping full ownership and privacy intact and avoiding risks of market volatility. 

iExec developer tools, that make it easy for Web3 applications to integrate Decentralized Confidential Computing (DeCC) technology, make it so you, as a user,  don’t just make money - but you control how it’s made and who has access to your assets.

The 3 Tips You Should Mind When Using Web3 to earn

Now that we’ve covered what not to do, let’s focus on what actually works. These three tips will help you unlock the potential of Web3 to earn in ways that are practical, innovative, and, most importantly, sustainable.

Tip #1 – Create Content That Pays in Web3

Creating content on Web3 isn’t just about churning out media. It involves establishing a bond with an audience that appreciates genuineness and confidentiality.

Forget that ad-driven “click to subscribe” hamster wheel of Web2. Web3 lets creators get paid directly by their fans while retaining full control over their work.

Take iExec’s Content Creator Demo, for example. It showcases how developers can leverage the DataProtectorSharing tool to implement features like token-gated content or paywalls for exclusive tutorials, eBooks, or videos. 

This demo serves as a template, illustrating how DataProtectorSharing empowers creators to securely share their work, enabling fans to unlock it while ensuring creators retain their revenue – no middlemen, no nonsense.

Tip #2 – Get Paid to Engage in Web3 Marketing Campaigns

In Web3, users aren’t passive consumers – they’re active participants. Instead of brands harvesting user data for free, users can get rewarded for engaging with campaigns that actually interest them.

iExec makes this process even easier. You can subscribe to a marketing campaign, interact with the brand, and get paid for your time and effort – all while keeping your data private. A win-win: you earn, and brands get genuine engagement.

Action plan for finding marketing campaigns in Web3:

  • Find campaigns that match your interests
  • Use iExec’s tools to participate and track your rewards
  • Amplify your efforts by sharing campaigns with your network to maximize your earnings

Tip #3 – Apply for Grants and Build a Web3 dApp

If you’re a developer, Web3 is your playground. Ample funding opportunities exist, and iExec’s Grants Program can help turn your vision into reality. From ideation to monetized dApp, iExec provides the resources you need to make it happen. 

Unlike traditional funding models, iExec grants provide upfront financial support, so builders can focus on development rather than raising capital through token sales or speculation.

This approach aligns perfectly with Web3’s ethos of decentralization and community-led growth to foster innovation while maintaining independence.

Post-launch, the possibilities for monetization are extensive: developers can implement tokenomics to create sustainable ecosystems, offer premium features for subscription-based revenue, or harness community-driven models to generate income. 

Action plan for applying for a grant:

Start earning the right way in Web3.

Let’s face it: staking, flipping, and speculation had their moment, but Web3 needs a revenue stream that’s more predictable and stable. iExec is paving the way for this more sustainable approach to earning - one that puts privacy, ownership, and meaningful impact at the center.

Whether you’re a creator, a marketer, a developer or even a user, iExec’s tools help you turn Web3 into a legitimate income source. Level up your earning game with iExec and start making Web3 work for you.