If you’re a budding home-based entrepreneur, we’re guessing you already have a lot on your plate. Scaling a business while staying afloat can be quite a challenge, which is why so many of your colleagues are looking into passive income.
Though the classics like affiliate marketing or renting a spare room are still viable ways to earn a buck, there’s a much simpler way – becoming a data contributor using nothing but the devices you already own.
OORT DataHub is a decentralized AI platform where users can contribute data, such as audio, images, or video, to support the development of AI. Since it works by utilizing the blockchain, anyone with a smartphone can provide data in exchange for rewards, without complex infrastructures or barriers to entry.
If the prospect of forwarding the development of AI and making passive income from your home sounds appealing enough, we’ll show you how to get started with OORT in a few easy steps.
What Is a Decentralized Data Contributor?
In simple terms, a decentralized data contributor is an individual who gathers, shares, and validates data from their private devices through blockchain technology, earning cryptocurrency rewards for their contributions. This is a stark contrast to how traditional data collection works, where a central company maintains full control.
Because there’s no central company, there’s also no middleman. Decentralized data contributors share everything on marketplaces or P2P platforms, all the while receiving fair compensation and retaining ownership of the data they provided.
Traditional data collection can’t keep up with the demand imposed by sophisticated AI models, which is exactly what makes decentralized data contributors a crucial cog in the modern data collection machine. Their role is vital in the proliferation of secure and fair markets where privacy and fairness are front and center, ultimately helping all of us shake off the monopoly held by a handful of tech giants.
How Does The Data Contribution Work? A Simple Walkthrough
Providing data via blockchain seems super high tech, but it’s actually very simple and requires minimal Web3 knowledge. Case in point, the process with OORT DataHub looks like this:
1. Download and Install the DataHub App
Download the OORT Wallet, which is currently available on Android and iOS. Create an account and add preferred networks (such as BNB Chain), simply follow the onscreen prompts to set up an account.
2. Opt in to Share Anonymized Device and Usage Metadata
You’ll have to consent to sharing your device metadata before you start earning. It may seem invasive, but you can actually opt out at any time, and everything you share is completely anonymized thanks to a zero-knowledge model.
3. Earn Tokens or Crypto Rewards for Completing Simple Tasks
From there on, you can complete individual tasks such as completing surveys that help with AI data labellign, or providing high-quality images of everyday objects, thus contributing to the advancement of AI while generating passive income in the form of cryptocurrency.
4. Withdraw or Trade Tokens for Cash or Other Cryptocurrencies
The main currency on the platform is $OORT, the native utility token. Once you amass enough of it by passively sharing data or validating and completing tasks), you can simply convert it to other cryptocurrencies or fiat via any decentralized or centralized exchange.
How to Choose the Right Platform?
There are plenty of decentralized projects, such as Ocean Protocol or Vana, that are reinventing the data collection game as we speak. However, although they provide earning opportunities to users and don’t require any external hardware, they’re not as easy to get into as OORT, primarily because marketplaces and liquidity pools bump up the complexity and require a more hands-on approach.
OORT’s aforementioned privacy-first design is also noteworthy, as anonymized data and the ability to opt in and out at any time are imperative, providing full control over your information and maintaining your privacy throughout the process.
Plus, OORT is famous for its referral and incentive programs, where you can complete tasks and invite friends to drastically increase your earnings if you ever find yourself strapped for cash.
Tips for Maximizing Your Passive Income as a Data Contributor
If you find that the rewards you receive from data sharing are simply not enough, nothing is stopping you from running the OORT app on multiple devices.
You can also increase your contribution uptime by making sure you keep all active devices connected to a reliable internet connection at all times.
If that still doesn’t do the trick, you can diversify your income streams by sharing your computing power through OORT, or even by pitching in your unused storage space to the community. The company is rolling out new features constantly, so keeping informed about all the latest additions can help you stay ahead of the curve, potentially earning exclusive awards along the way.
Finally, you can give other platforms a try, even if they may not be as user-friendly as OORT.
Potential Risks and What to Watch Out For
The Web3 industry is exciting, but you should be aware of the dangers that are the side effects of no regulatory oversight. There are plenty of unreliable and borderline scammy platforms out there that promise high rewards but are actually Ponzi schemes in disguise or may misuse your data and sell it to third parties.
This is why you should stick to the tried-and-tested platforms like OORT, which employs a transparent privacy model. If something sounds too good to be true, it probably is, and you should never share your personally identifiable information with a project that doesn’t have the community or the pedigree to back their claims up.
The New Era of Data Contribution Begins
Decentralized contribution is a straightforward way to kickstart a new side hustle without much risk, sure. And while earnings are certainly important, the main draws of community-sourced data are the faster development of new AI technologies and cutting the reliance on private companies.
Getting on board now allows you to become one of the early contributors to a brand new movement that aims to reinvent and democratize AI, which will ultimately benefit everyone.
Fortunately, projects like OORT erase all barriers through their intuitive interfaces, allowing everyone to just download an app and start contributing without much hassle.
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