# Nobody discussing Multicoin Capital's Internet Labor Markets (ILM)?

Over the past decade, the adoption path for cryptocurrency has primarily been fiat currency → exchange → purchase tokens.

The ILM model reverses this path to labor → protocol → earn tokens. This model transforms cryptocurrency from an "investment asset" into a "wage settlement tool," significantly lowering the entry barrier for global users.

If the previous wave was about getting capital flowing, such as the popularization of DeFi, then this wave is about enabling global productive capacity to seamlessly connect through blockchain. For example, Hivemapper contributes map data through driving, Render shares computing power, and training autonomous driving or large models requires massive image annotation. Through ILM, developers in Kenya, students in Vietnam, and engineers in the US can simultaneously claim tasks on a single protocol and receive token incentives in real-time based on the accuracy of their contributions.