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, which shares the revenue and exerts some artistic control. By directly rewarding creators for their work, social tokens — a type of cryptocurrency (crypto) whose value reflects fan enthusiasm — may fundamentally disrupt this long-standing model. Creators, in essence, become their own economies.
2
15 reads
CURATED FROM
Social Tokens: a web 3.0 method for engaging communities and compensating creators
forbes.com
6 ideas
·41 reads
IDEAS CURATED BY
36 yr old product guy. Interested in meditation, product design and the future.
Exploring how will social tokens change online communities as we know them today. How will middlemen fade away and creators will retain much more value from their audiences.
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