Recently, there has been a lively discussion among investors about where the next wave of cryptocurrency adoption will come from. Traditionally, the mainstream was "buying tokens and trading," but it seems that this paradigm is about to change significantly.

The model called the Internet labor market, which MultiCoin Capital is paying attention to, is gaining interest. In simple terms, it’s a system where users can directly earn tokens by completing tasks such as data labeling and bandwidth provision. Instead of purchasing, they earn. This shift in thinking could have a significant impact on the industry.

The point that "people will first acquire cryptocurrencies not because they bought them, but because they earned them" is intriguing. In fact, in the Solana ecosystem, projects that utilize network bandwidth are beginning to increase. When users complete verifiable tasks, they are paid in tokens. Unlike traditional employment systems, where payments take time from invoicing to settlement, blockchain allows for automatic verification and instant payment.

The development of decentralized physical infrastructure networks (DePIN) also underpins this trend. Previously, the focus was on providing hardware (such as sharing network bandwidth), but the next stage is seen as placing greater importance on human judgment and effort. The shift is moving toward tasks that only humans can do, such as data scraping, labeling, and quality assessment.

What’s interesting is that the development of AI is accelerating this trend. Even if companies reduce their core teams, humans are still needed for decision-making, verification, and execution. In other words, there will be a demand for on-demand global contributors. The reward system that started with network bandwidth could eventually expand into various forms of labor.

Looking at examples like Grass, users share unused bandwidth from their devices and earn tokens by contributing to AI model training. This is symbolic. It enables a scale of participation—such as 50k people worldwide working on the same task—that was unimaginable in traditional labor markets.

If this vision is realized, the next users of cryptocurrencies will emerge not through speculation but through labor. From an investment perspective, it seems worth paying attention to as a new route for market entry.