Coinbase acquired Earn.com for at about $100m back in April. And the company now plans to transform Earn.com into Coinbase Earn, a website with educational content to learn more about cryptocurrencies. Users who complete those classes will earn tokens as a reward for learning crypto.
According to Coinbase, on Coinbase Earn users can “learn about an asset’s utility and its underlying technology” and earn “a bit” of the asset for free.
Earn.com started as a service where you can contact busy people for a small fee. Busy people would get paid in cryptocurrencies to accept those requests. Even though Earn.com was able to gain a lot of traction in its early days due to the ICOs and crypto craze, the steam died down and became more a marketing platform.
Based on their site, Coinbase Earn is launching today in private beta. Some Coinbase users will receive an invitation to the service. The company says that educational content will go beyond Bitcoin and Ethereum. Developing education pages for obscure cryptocurrencies makes sense as Coinbase plans to add dozens of cryptocurrencies over the coming months.
As of now, there’s only one lesson track and that is learning more about 0x.
So what’s included in the 0x lesson track?
The 0x lesson track will include the following:
- Video lessons
- Quick notes
- Webinars (yes webinars!)
Even if you’re not invited to Coinbase Earn, you can view the content. But those who are part of Coinbase Earn will receive a small amount of ZRX at the end of the track, so in other words, you have to be invited in order to get paid, but free education is always great!
Looking at the current video courses, there are a few out there that you can watch:
- Lesson 1: “The world is becoming tokenized”
- Lesson 2: “What is the 0x protocol?”
- Lesson 3: “ZRX and the future of 0x”
Coinbase believes this third method, i.e. earning while you learn, has the potential to expand the blockchain user base from the tens of millions of people with the resources to mine or buy crypto to the billions of people who now have smartphones.
So Coinbase is giving away free 0x?
According to Coinbase, the funds and rewards will be coming from the 0x external development pool, with 100% of the funds going directly to users.