What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) - Episode 310 - by cryptohunt.it

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token)

Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English.

Today, we'll present you with an intriguing new way to look at the internet: What if YOU got paid for surfing the web?

Sounds ridiculous, doesn't it? In a world where big tech companies not only steal your data, but also make money selling it to advertisers, you never see a single cent. In fact, they do all that to sell YOU something.

Yet there is browser that promises the opposite: Brave. It looks and feels just like Chrome or Safari, but with a twist: At its core, it wants to protect your privacy by aggressively blocking trackers and advertisements. And there is a big twist: You can get paid in Brave's "Basic Attention Token", short BAT, when you accept ads. You are literally getting paid for your attention, hence the name.

It's the dream of Web3 proponents: Turn the business models of big tech on their heads. But is it going to work in the long run?

We think there is a good chance. Ad blockers, VPNs, and consumer laws are already aggressively clamping down on ads, giving big tech less access to your data whether they want it or not. And when you look at Brave's business model, it is really not so different from Google: Brave sells their advertisers access to your screen instead of just being the browser in between. The difference? You control the show and get in on the action.

This podcast is produced by Cryptohunt.it, the easiest place to learn crypto. Copywriting is done by Arndt Voges, Social Media is done by Brett Holleman, design is done by Carmen Rincon, and my name is Christian Byza, Co-Founder of Cryptohunt and I am your host of this daily show.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.