Note: This article is not intended to be formal financial advice. Always do your own research before investing.
The latest love-it-leave-it controversy to hit Web3? It’s called BitClout. Here’s a really simple explainer for you: BitClout is a social crypto exchange built around tokens for famous people.
OK, now that you’re still reading, let’s take that a little further.
Each BitClout account is linked to a Twitter account. If you are one of the top 15,000 Twitter profiles, you can gain access to your BitClout profile by tweeting out your public key at any time. Your account was already made for you. Once you access your account, you are entitled to a percentage of your creator coins, if anyone bought and sold them.
See the controversy now? This is a crypto exchange that makes rich people richer based on how famous they are. Well, sort of. Speculators can also make tons of money by picking profiles that increase in value. So the money is not exclusive.