Key Insights
- Crypto earned media refers to third-party coverage from external publications, social media channels, journalists, or news platforms rather than content published on a project’s own channels.
- Earned media can build stronger trust than owned or paid media because audiences often view independent coverage as more credible and less promotional.
- Web3 projects can generate earned media through newsworthy announcements, crypto press release distribution, media pickup, journalist relationships, and community amplification.
- Success can be measured through increased media coverage, backlinks, referral traffic, and organic brand mentions across crypto and mainstream channels.
In the ever-growing crypto landscape, projects of different types are always competing for the public’s attention and patronage. This means there are a million and one tactics that you can employ, from SEO to hosting events. But in all of this, it’s important that you never neglect the role of crypto earned media.
Crypto earned media is one of the most effective ways to not only gain attention but also credibility over time. In this article, we will explain what exactly it is, how to go about getting it, and how it can transform your crypto business and earn the audience it seeks.
Before you go about pursuing crypto earned media, you’ll need to know what exactly it is. In its simplest form, crypto earned media refers to coverage on platforms and channels that are not your own. If you publish your press release on your own website, that is not crypto earned media. But if it is published on an external news website, someone else’s social media, and so on, it is.
Generally speaking, crypto earned media sits in juxtaposition to not only owned media, i.e., your own channels, but to paid media as well. Paid media refers to things like search results ads, pop-up ads, social media feed ads, and so on. Paid media essentially is the most blatant form of advertising online, and while it continues to be popular, it is fast losing steam to crypto earned media.
Since crypto earned media has established itself as perhaps the best way to go about gaining attention for your business, your next step is to understand how exactly to earn this media coverage. Typically, it can be done in the following ways:
What Is Earned Media in Crypto?
Before you go about pursuing crypto earned media, you’ll need to know what exactly it is. In its simplest form, crypto earned media refers to coverage on platforms and channels that are not your own. If you publish your press release on your own website, that is not crypto earned media. But if it is published on an external news website, someone else’s social media, and so on, it is.
Generally speaking, crypto earned media sits in juxtaposition to not only owned media, i.e., your own channels, but to paid media as well. Paid media refers to things like search results ads, pop-up ads, social media feed ads, and so on. Paid media essentially is the most blatant form of advertising online, and while it continues to be popular, it is fast losing steam to crypto earned media.
Earned vs Owned vs Paid Media in Web3
As a business in the crypto space, you will likely find yourself having to decide between crypto earned media, owned media, and paid media. Most likely, you’ll have to divide your money, time and resources between the three, focusing most heavily on one or two. Before you make that decision, it’s important to understand the benefits of each. In this section, we will consider all three against certain criteria.1. Builds Trust in a Skeptical Market
In terms of building trust in a market as skeptical as crypto, earned media comes out on top. When you publish any sort of information about a project on a channel you own, you don’t gain that much credibility with the audience. As far as they’re concerned, anyone can say on their own blog that they are offering a quality product or service. Because crypto consumers have seen several rug pulls in their time, they are even more skeptical of owned media. Paid media creates a little bit more trust than owned because there is still a review process. Certain dodgy products will struggle to secure paid media on certain crypto sites, no matter how much money they have to work with. If a consumer sees your business ad on Yahoo Business or Reuters, they are likely to trust it. But all this pales in comparison to the trust you secure when you have crypto earned media. Crypto earned media translates to most consumers as a higher stamp of approval because a journalist would have had to organically mention you in an article, or your press release must have gone through a review process.2. Drives Organic Visibility
If you’re looking for organic visibility, your best bets are either crypto earned media or paid media. When you engage in crypto-owned media, you’re essentially already publishing on your own platforms. It’s not impossible that more people will come across it, especially if you apply the principles of search engine optimization, but this will be less than the others. Crypto paid media, depending on the platform you choose to advertise on, will see thousands, if not millions, of eyeballs on your business. But at the same time, more and more consumers are opting for ad blockers or paying subscription services to avoid seeing ads. So, not everyone you are targeting with your ad. Many consumers these days also find ads intrusive and annoying. But with crypto earned media, there is a sense that it is not a traditional ad in the same way. Instead, consumers are likely to see it as more neutral and thus are more likely to engage with it.3. Attracts Investors and Partnerships
For crypto businesses looking for investment and partnership, crypto earned media is a gold mine. Crypto owned media can be very beneficial for this if your channels are well-curated and designed to bring in organic traffic. Crypto paid media can also create visibility, but this is based on the assumption that those you want to partner with will somehow come across the ad among the thousands of other businesses competing for the same ad space. Crypto earned media is not just about visibility but also about credibility. If your project gets an organic mention on a top platform, it is seen as the cream of the crop. Putting yourself in an investor’s position, you are more likely to engage with a business that has been mentioned by the likes of Bloomberg and The Block than with others. So, those looking to attract partners should keep this in mind.How Crypto Earned Media Actually Happens
Since crypto earned media has established itself as perhaps the best way to go about gaining attention for your business, your next step is to understand how exactly to earn this media coverage. Typically, it can be done in the following ways:
