The Current State of Micropayments and Web Monetization

The entire surface area of The Guardian’s UK Website is covered with ads and popups.

What exactly has changed?

Ebay and Paypal helped sellers get comfortable with the idea of selling individual items online.

Blockchains and Cryptocurrencies

Interledger

The Interledger Foundation is a non-profit advocate for the web, promoting innovation, creativity, and inclusion by advancing open payment standards and technologies.
Coil uses a new, open technology called Web Monetization to enables streaming micropayments — aka tiny fractions of a penny — to instantly flow to websites as you read, watch and listen.
Cinnamon uses web monetization to help creators monetize their videos without advertising.
Rafiki, an All-In-One Solution for Interledger Wallets.
Puma browser is the first browser with native support for Coil and Interledger.

NFTs

Image from https://www.wtffinance.com/
  • “The Switch” is a piece of 3D artwork which will be expanded and edited by the creator in the future — allowing the owner of its NFT to watch the work as it develops.
  • Comedian Todd Montesi incorporates his NFTs into the plot of his webseries PN & Friends. The idea is to give the pieces extra value to his fans, by expanding on the backstory of each using jokes and storytelling.
  • Music services like Rarible and Mintbase are exploring the idea of letting artists mint their songs as NFTs — which hypothetically could create a system where musicians are fairly compensated any time their work is played.
  • Friends with Benefits (FWB) is a social community using ethereum-based tokens for access and rewards.
Unlock Protocol is a protocol that allows anyone on the web to provide NFT-based memberships to their communities.

Micropayments in Action

Skittish allows people to talk with each other in the form of small animals in a virtual environment. Image courtesy Skittish.

Conclusion

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Design advocate, speaker and author of Calm Technology. Research Fellow at Mozilla Foundation, Advisor at Puma Browser and Unlock Protocol.

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Amber Case

Amber Case

Design advocate, speaker and author of Calm Technology. Research Fellow at Mozilla Foundation, Advisor at Puma Browser and Unlock Protocol.

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