1 month ago
5
Time is money – at least, that’s what a new crypto platform is trying to prove. The cryptocurrency industry has long found ways to tokenize everything, which is really just a modern twist on monetization. The NFT market, for instance, transformed digital receipts into a multibillion-dollar industry, at least for a while. Now, a new platform claims to take things a step further by turning time itself into a tradable asset.
Tokenizing Time: The Concept Behind Time.fun
A company called Time.fun describes itself as a “tokenized time platform.” But what does that actually mean? The concept is simpler than it sounds. According to The Block, Time.fun allows users to buy access to influencers, artists, and experts for a set period. The website features a search tool where users can browse different creators and pay to interact with them.
Essentially, the platform functions like a mix of Cameo, OnlyFans, and Fiverr, but with cryptocurrency as the main payment method. Content creators can set their own prices for various services, ranging from social interactions to professional consultations. Users can purchase time with musicians, visual artists, and even specialists in fields like UX and website design. Communication options include direct messages, group chats, and video or voice calls.
The founder of Time.fun, known as Kawz, explained his vision to The Block. “I think tokenized time is the best way to ‘long someone,’ regardless of what project they’re working on,” he said. “If they’re early in their career, you just buy their time. If they become successful, the value of their time naturally increases because more people want to connect with them.”
The Future of Tokenized Time: Is It the Next Big Crypto Trend?
Kawz sees Time.fun as just the beginning. His ultimate goal is to create a new type of asset where people can own, trade, and use others’ time as a commodity. “In the long run, we want to establish a new asset class where time itself becomes something people can trade and leverage for various products and services.”
At its core, the platform takes existing service-based exchanges and integrates them into the decentralized finance (DeFi) ecosystem. Traditional labor already involves monetized time—people exchange their time for money in every job. Time.fun repackages this idea, allowing payments to be made in cryptocurrency.
While the idea might sound innovative, it largely mirrors existing gig economy platforms. The difference is that it runs on blockchain technology, which brings the usual promises of decentralization and deregulation. Whether this approach will catch on or fade away remains to be seen. For now, Time.fun is yet another example of how the crypto industry continues to find ways to turn everyday concepts into digital assets.
Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)
English (US) · 