What Responsibilities Do Crypto Influencers Hold For Their Spectators?

Crypto Influencers

A couple of days ago during the DecentralCon Panel, while Ben Armstrong aka. Bitboy Crypto, was speaking in front of the people. A panelist came forward to question the YouTuber about the fraudulent projects ZachXBT talked about on Twitter. But she was not allowed to continue during the panel and the incident ended there only.

The lady is the founder and CEO of a project Orbis86, Sonia Ahuja. A day after the incident, she finally got a chance to speak her mind during the Women Web3 Summit Miami in the presence of Ben Armstrong and Keri, a YouTuber, where she answered several questions concerning crypto influencers.

Source: SOTE Production on YouTube

Accountability of Influencers

Sonia Ahuja started the debate by talking about Web3 and how it can impact the economies of the world. Crypto influencers can make a huge impact on viewers as they provide education to people.

Bitboy then spoke about social media influence next. He talked about how important video content is today and how the majority of people are using it to educate themselves. He thinks that the influencers are really accountable for what they are teaching about.

To this, Keri said that “I think there’s a lot of responsibility that influencers have to disclose what their research measures are and how deep that they’re growing because people trust you blindly.” Furthermore, she said that “Influencers are people, and People make mistakes and we should be forgiven for the mistakes. We can be fooled as well.”

The Risk in the Crypto and NFT Space

Sonia Ahuja advocated that crypto and NFT sectors are different. She mentioned some of the top NFT projects popular among the community. The educators on social media platforms can create a butterfly effect, eventually changing the lives of not one, but several people. She explained that over 25% of the global population is getting education from Twitter and YouTube.

We Should Not Use The Word ‘Influencer’

Ben Armstrong discussed how people should not use the term ‘influencer’ and the future of content creation. He also shared how he got defrauded by the PAMP project. The YouTuber then tried to avoid sponsoring any anonymous projects to avoid any deception.

Concluding The Debate

As the debate was coming to an end, Sonia Ahuja added that “Influencers have a voice that the audience can connect to. We are investing in a risky asset thinking that it can grow overnight.”

Crypto and NFT sectors are still in their infancy and are becoming a breeding ground for malicious actors. As people turn towards educators on social media platforms, they should not rush to make investments in the project. It takes time but doing proper research on a project never goes in vain.

Source: https://www.thecoinrepublic.com/2022/12/02/what-responsibilities-do-crypto-influencers-hold-for-their-spectators/