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Dan Romero
@dwr.eth
When people say they are building a web3 product to let people "monetize their data" 🚩🚩🚩🚩🚩🚩 https://twitter.com/nikitabier/status/1729895393712832826
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Dan Romero
@dwr.eth
Monetization is downstream from attention.
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Liang @ degencast.wtf 🎩
@degencast.eth
thought?
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Mark Fishman
@markfishman
My understanding was the data is potentially valuable to companies that have your attention in a specific context So for example a restaurant or retailer might be able to segment their loyalty members with “first party” data
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boscolo.eth
@boscolo.eth
This is super insightful. How is a user's attention market value determined, and should they be paid when choosing to direct it at something?
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atomo.base.eth
@atomo
I just build Web3 product!!!
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Mac Budkowski ᵏ
@macbudkowski
One good quote about it from Ben Evans
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Henri Stern Ꙫ
@henri
Oldie but greatie -- https://www.eff.org/deeplinks/2020/10/why-getting-paid-your-data-bad-deal
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Thomas
@aviationdoctor.eth
What a weirdly authoritative tone in this tweet when counterexamples abound. I purchase vast amounts of mobile user geolocation data to track where people live and roam. There’s an entire industry of freemium apps that makes money not from the mindless entertainment they offer but from selling their users’ data.
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Brent Fitzgerald
@bf
Let's monetize the monetizers.
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Varun Kumar
@vkcs
I shall humbly disagree with the tweet. I pay for LinkedIn premium because it gives unlimited searches on the largest business repository(stored and managed business "data").
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eunika🍒
@eunika.eth
I agree with your red flag sentiment but to say that data has no value is simply not true. Anyone who ever run a targeted ad can tell you that. That being said the ad is worthless without the distribution method aka engagement.
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caz.eth
@caz.eth
I think it works the other way: Use data to perfect the product, sell the product, grab attention. That’s the monetization strategy. For instance: Unique data -> unique LLM -> unique product.
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Philip Milestone
@philipmilestone.eth
I think if the data truly had no value, it would not be collected.
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