Ethereum-Powered Company Allows People to Monetize Zoom Sessions

By Abhimanyu Krishnan | News | 11 May 2020

DApp developer 2key New Economics in late April announced a new DApp that allows users of popular video conferencing application to earn cryptocurrency for their use of the platform. Called SmartSessions, the DApp lets companies and individuals earn crypto payments while they run their services on Zoom.

For example, individuals who run yoga, fitness or other such services through Zoom can make a little extra in crypto payments, making it somewhat easier to handle the economic downturn that has resulted from global lockdowns. 

Based on Ethereum (ETH) and making use of smart contracts, the SmartSessions uses 2Key New Economics’ SmartLink platform, and is a crypto-paywall that is best suited, according to 2Key, for instructors and advisors of all kinds, remote support, lawyers, freelancers and online conferences. 

The entire process is automated, thanks to smart contracts, and keeps information about the session private. Each session is a smart contract of its own that is deployed on the Ethereum blockchain. 

Payments can be directly in crypto or via a credit card. Additionally, there are no gas fees involved. While only Ethereum is supported currently, 2Key has said that they plan to introduce tokens such as DAI, Tether (USDT) and TrueUSD (TUSD) soon, with the help of atomic swaps made possible by Kyber Network (KNC), with Bitcoin (BTC) to follow next quarter.

2Key has also addressed another important point about Zoom calls - the growing cases of people interrupting Zoom sessions by guessing the link. With the crypto paywall, only those that have purchased the session will be able to attend it. 

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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