It appears that the days of devotedly pursuing a particular profession are soon to become a thing of the past, never to return again. Experts estimate that while the vanishing of traditional professions due to AI development will eliminate roughly 100 million jobs, the new ones will only create 10 million, those being only for highly qualified workers. Given this materializing dearth of vacant positions, nine out of every ten people dismissed from their jobs have nowhere to go and no one to train them.
A good way for people to adapt to this AI issue is to consider finding new sources of income. Before AI, there were no guarantees as to one’s job security, and this situation will only grow worse now that AI is a viable alternative. So, looking for new and innovative ways to make money is of the utmost importance, as, in the near future, completing 5-7 years of higher education will by no means guarantee employment.
Attention Economy as the New Reality
These changes do not come as a shock. Rather, they have been long anticipated. 20th century Nobel prizewinner Herbert Simon proposed the attention economy theory. According to him, the attention economy definition is that people’s attention can and ought to be used to generate income.
Today’s advancements in technology have brought about the conditions to put Simon’s ideas to work for inspiring attention economy examples. You can make money no matter what age you are, education level you have, or line of work you’re in thanks to the global “2earn” movement that GameFi started over 2021-2022.
Unfortunately, following the initial raving about it, a few widespread issues became apparent. The pay period grew longer, NFTs were not cheap enough that everyone could afford them, and at the end of the day, you had to be an outstanding player to make money gaming. It wasn’t a source of income for anyone.
Watch2Earn and Social Networks Convergence
Yet, the only 2Earn concept that has proven successful thus far is Watch-and-Earn, which appears destined to be the answer to the fading traditional occupations dilemma. But the game mechanics on the blockchain are clearly not enough to tilt the balance of power in the field of employment. Until it reaches critical mass, W-and-E will remain nothing more than a fad in the local blockchain community.
The way this attention economy and consumer behavior monetization phenomenon can reach critical mass is by implementing it into the social networks. Today, half of all people living on the planet use them. There would be a revolution if they had the opportunity to pay money for their attention, as the common resource they all have.
Nobody used to pay its subjects for their attention, i.e. the viewers, listeners, gamers, etc., until one project at the junction of GameFi and social networks started to do it. Cheelee is one such project bringing the attention economy nearer to us by the day.
Making Money While Viewing the Feed
What if social networks offered to pay you for watching videos? If so, you’ve already reached the attention economy. Cheelee is a project which can undoubtedly be dubbed a whole new stage in the development of social media, featuring the marriage of the attention economy and social media.
Cheelee is a GameFi short video platform where users can make money by watching their video feeds. Making money on Cheelee is simple as can be: just sign up and receive your free NFT Starter Glasses which allow you to gain boxes of tokens while viewing your feed. To earn more, you can buy higher-level NFT glasses or invest the resources you’ve earned in them.
Cheelee provides its customers the simplest, most democratic way of monetizing their attention management as a component of the user flow: you don’t have to change your normal behavior or develop new habits: just scroll through your feed, like in any other app, and make money.
Cheelee Smart Economy
The CHEEL and LEE tokens, which keep the system in balance, are the cornerstone of Cheelee’s economy. Users level up their NFT glasses with CHEEL and vote with this governance token on how Cheelee develops in the future. For all internal calculations, LEE, a utility token that is charged for watching videos, is required. Its mining difficulty is increasing by 7% monthly and 84% annually, which means that its price will rise. Cheel` s price is protected from devaluation by 2 years vesting: VC funds and the team can’t sell them until this period ends.
Cheelee is essentially a social network, so up to 40% of its overall revenue originates from sources not related to NFT sales, such as advertising, in-app purchases, and brand partnerships. The majority of app earnings — 100% of NFT sales, platform fees, as well as 70% of the revenue from advertising and in-app purchases — go to the Stability Fund, protecting the token price from the moods of investors and sharp decreases.
CHEEL is currently listed on Coinsbit and BitMart, and within a month of trading, showed an increase of more than x75. It may soon overtake all other cryptocurrencies in the world rankings and is most likely one of those cryptocurrencies that will become legendary in the future, offering significant potential for profit to investors. Cheelee App is already available on Google Play and soon is awaited on the App Store.
Cheelee seems to be the one project spearheading the transition to attention economy business models using crypto in the coming years, as its target audience is 4,6 billion social media users. The project combines the trendiest elements, such as social networks, short videos, gaming mechanics, and blockchain technology transparency. It offers the simplest avenue ever for everyone to make money and the attention economy psychology is convenient. After all, we already spend 2.5 hours every day, on average, on social media as it is. So why not make money off attention economy marketing?