In Web 3.0 the creators are directly rewarded by their audiences - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

In Web 3.0 the creators are directly rewarded by their audiences

In Web 3.0 the creators are directly rewarded by their audiences

Content creators — artists, musicians, writers, social influencers — are the true stars and revenue drivers for media properties, but they are often not adequately rewarded for their efforts. The relationship between creator and fans is intermediated through a third party, such as Instagram, whic...

STASHED IN:

2

MORE IDEAS FROM THE SAME ARTICLE

Social tokens are further evidence of the internet’s move from Web 1.0, which provided information more efficiently, to Web 2.0, where users create content that platforms curate, to Web 3.0, where users curate their own content. Social tokens, true products of Web 3.0, directly connect the creato...

Token value depends on a creator’s ongoing content production. Failing to deliver would be professional suicide. Anecdotal accounts show that influencers can suffer psychological ha...

In 1997, David Bowie issued Bowie Bonds , an asset-based bond that securitized the income from his earlier albums, paying 7.9% annual interest over the decade to 2007. Prudential Financial paid $55M for those bonds.

Content creators can use the tokens they issue in two self-reinforcing ways: to build and reward their fan community and to compensate themselves for their creative work. Most frequently, fans buy tokens, but some artists, such as RAC, give them away to loyal fans. As community members, fans rece...

• Access: Fans may simply buy tokens for the access they provide. For example, one band (Portugal. The Man) gives fans who buy 10 coins access to benefits such as the band’s audio archive, text and video chats, and other benefits.

• Exchange: The coins can be used as a medium of exchange. ...

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP:

MORE LIKE THIS

Social Tokens

Social tokens are tokens issued by individual creators or communities that enable community members to collaborate and share ownership in the value created together. They can be earned as rewards for contributing to the group & can grant access to chat group or voting on community decisions.

...

3

STASHED IN:

7

published 2 ideas

A concept that's connected to NFTs or DAOs, but different.

5 Comments

The Promise Of The Creator Economy

The creator economy is comprised of people who attract an audience to build a business. Thanks to the rise of digital media and tools, such as creator coins, there are several ways to get this done. Give people valuable reasons to know, like, and trust you, over and over, and you...

STASHED IN:

2

published 21 ideas

A must read stash on the Creator Economy.

0 Comments

The importance of Non-Fungible Tokens (NFT)

An NFT is a unique asset and can represent any digital asset on the Ethereum blockchain. This makes it scarce, provable, and valuable.

It can take the form of digital art, collectables, a creative extension of music, or a blend of all three.

STASHED IN:

4

published 7 ideas

NFTs provide a bright future. Any artist can and should tap into this powerful blockchain technology to reach new audiences that are excited to collect and appreciate their work.

0 Comments