THELOGICALINDIAN - Blockchain startup Honeycomb was pitched as one of the smartest best able startups in a technology affection in 2024s Online News Association Conference ONA18
NiemanLab, allotment of journalism standards alignment Nieman Foundation, questioned if a startup like Honeycomb could argue users to abundance cryptocurrency with their mobiles and accord it to account organizations.
Mining Monero on Your Mobile — again Donating it
Honeycomb’s software would acquiesce users to abundance the cryptocurrency Monero on their mobiles while their phones are abeyant and charging at night. Users would again accord the gain — via Honeycomb — to account publishers.
There are key allowances to this in the branch of absolute columnist and journalism. There is additionally the abeyant to animate added account applications that no best allegation to run adverts or aggregate user abstracts to monetize their account feeds. The software is a way of advantageous for news, so publishers which currently allegation subscriptions ability alike accede a “free” account and use Honeycomb instead.
Co-founder Orlando Watson explained to NiemanLab that acquirement from cryptocurrency mining is acquirement that never existed afore and could now “support an analytic announcer for a year or advantage of a absolutely important ecology story,” abacus that:
Honeycomb is now attractive for publishers to accompany the belvedere and activate testing its capability. Watson says they already accept absorption from publishers, nonprofit newsrooms, and all-embracing organizations.
A Niche Product?
Only nine percent of Americans surveyed by Digital Account Report accept anytime accustomed a account active on their mobiles accessories — let abandoned acclimated a account application. Not to acknowledgment the botheration of Apple banning all crypto mining applications for iPhones, surrendering the account to Android users. Google Play additionally banned crypto-mining apps from the Google Play Store.
Then lies the botheration of acceptable users to accord to account publishers rather than added acceptable causes. What happens if users accept the advantage to crypto-mine on their mobiles for themselves?
Though a aboveboard way to accommodate much-needed abutment for the journalism industry, Honeycomb may be targeting a baby alcove of those accommodating to do so.
Co-founder Watson aggregate his aspirations with NiemanLab:
The accepted accessible is acquirements added about how the web is monetized and how abundant abstracts is secretly calm and acclimated by advertisers. As this occurs, the accessible grows added acceptable to accomplish informed, able choices apropos data, patronage, and alike crypto-mining donations.
As decentralized web and blockchain technology grows in acceptability and user expectation, avant-garde blockchain startups like Honeycomb are agog to adhesive their place. It will absolutely face antagonism to argue new, informed, technology users who will apprehend how monetization of abstracts and the internet works and be attractive to use this to their advantage.
Do you use a account application? Would you accolade publishers and journalists who advance Honeycomb? Let us apperceive your thoughts in the comments below!
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