As the decentralized finance wave continues to rise, Gather is taking the opportunity to grow their product and offer DeFi users a new way to make money.
It’s already been established that Gather can offer DeFi websites and applications a win-win opportunity to add an additional layer of monetization to their product. For the developers, it can be a new flow of income that doesn’t intrude on their product offering. For the users, if they want to they can then leverage Gather via their favorite DeFi products to earn more crypto, literally just by using the application or website.
This is possible because Gather takes the unused processing power of willing users and rewards them in crypto for their services. Gather provides this processing power to enterprises and businesses, giving them a cheaper, better alternative for cloud computing when compared to the big players in the industry like Amazon.
Recently the Gather team have been extending the reach of their ecosystem by onboarding more partners, giving more and more users the opportunity to earn extra crypto. We’re going to take a look at two of their most recent partnerships, Decentr and Ferrum.
Decentr is a decentralized project that gives people back control over their user data. They believe that big companies have controlled and profited from the data of their users for too long, and with their solution they return the value and security of user data back to the user.
Gather and Decentr recently announced a business partnership, in which the two companies will work together to improve their respective ecosystems.
Decentr’s web browser is a great way for people to access ‘Web 3.0’, which is essentially the decentralized world. Using Decentr, people can easily connect with decentralized applications built on the open source Decentr platform, which at the same time enables the user to earn value from their personal data.
With this partnership, Decentr will be able to generate an additional revenue stream from their user base, and allow their users to gain more value from using the Decentr platform if they opt in to allow the Gather network to leverage their unused processing power. In return, users in the Gather ecosystem can now be rewarded in DEC tokens vai the Gather loyalty program, which brings a new level of exposure for Decentr’s native token.
Ferrum is a DeFi ecosystem that works across blockchains, aiming to break down barriers and improve scalability and interoperability in DeFi. Ferrum can connect existing blockchains together, allowing them to work simultaneously and for digital assets to be exchanged for zero fees.
Ferrum and Gather have recently announced a partnership which should provide mutual value. Ferrum will be able to use Gather to monetize their products and allow their loyal community to earn more FRM simply for using the products they already love, thanks to Gather’s loyalty program. Gather’s GTH will also be listed on Ferrum’s Unifyre mobile wallet and web staking platform.
At the same time, Gather Online will add FRM, which means that the Ferrum Network will be able to further reward their product users with their native token and their FRM token will be exposed to the larger Gather community.
What does this mean for Gather?
As an up and coming company in the cryptocurrency world, Gather needs to be forming strategic partnerships to increase the adoption and awareness of their product. These two latest partnerships show that they are taking their business in the right direction.
Both FRM and DEC will be payout options in Gather Online, which means wherever Gather Online is used globally, there will be further exposure for these tokens and communities. Since the global user base of Gather Online in most cases will be first time crypto users, this is an important bridge closing the gap between the crypto and non-crypto world.
Gather’s product offering seems to be a no-brainer integration for DeFi applications and websites. The users are already enjoying the ability to leverage decentralized finance for their own gain – why not add another level and way for them to earn crypto if they choose to opt in? Most DeFi users will jump at the chance to have another way to earn crypto. On top of this, the website and application owners are able to gain a new revenue source, and it’s also a competitive advantage. A user is more likely to choose a DeFi platform that gives them an additional way to earn crypto while they are using the product, compared to one that doesn’t.
Therefore, if Gather’s product is successful and provides these DeFi product users a real use, one would expect other protocols to start taking notice. It’s not invasive like adverts and it’s completely optional – so users aren’t forced into hidden mining like some predatory websites do.
All in all, these partnerships mark a strong start for the Gather platform which has only just launched. As their platform gains more notoriety, it’s possible that the partnerships will keep flowing, and Gather could become the monetization standard for Web 3.0. Let’s wait and see.
*This article has been sponsored. The Daily Chain encourages you to carry out your own research before you make any form of investment and educate yourself about how to stay safe in the crypto space. The above article does not represent financial, investment or trading advice and we do not recommend the purchase of any cryptocurrency or product without consulting a financial aid. The Daily Chain strongly encourages you to do your own research before making any investment decisions.