UBI (Universal Basic Income in Web3)
Also known as: Blockchain UBI, Crypto Income, Web3 Basic Income
A blockchain-based distribution model that provides recurring income to users, often tied to identity verification.
UBI (Universal Basic Income) in the context of Web3 refers to the decentralized and automated distribution of recurring crypto payments to individuals, typically without conditions. Projects implementing UBI aim to reduce inequality and provide financial security using smart contracts, identity verification (like Proof of Humanity), and token incentives. Web3 UBI initiatives often rely on DAOs or donations to fund distributions and may use native tokens to ensure sustainability. While still experimental, UBI has gained attention as a socio-economic use case for blockchain, combining programmable money with equitable access.