Our multi-chain approach is a bet on creators.
Good creators make good content regardless of their underlying chain.
Our CEO Jack Lu breaks it down in this clip.
We always wanted to do multi chain and bet on creators because our underlying thesis has always been NFT's is like content. It's like Netflix and an exchange built in one. There is a trading and an exchange aspect, but really you want good content that's interesting to people to pull people in.
First let’s solve the problem of thieves selling stolen/hacked property and Magic Eden, along with the various other exchanges doing little to nothing to stop or prevent it, because smart contracts can be created to prevent fraudulent transactions from happening. Would love to ideate this
Do you know what's better than being able to say to yes to massive deals,
Being able to say NO,
Anyone can say yes,
But the creators that say NO I have some real respect for,
They know what they want
And what they want their platform to be
And they ensure that it stays that way,
Especially smaller creators who don't get many deals in the first place,
Rejecting short-term cash is pretty hard
But huge respect for all the smaller creators who are still strict on who they work with 👏
#influencermarketing
🎨 Web3 is reshaping the creator economy, offering artists and content creators new ways to monetize their work and connect with their audience. Today, let’s explore how Web3 is empowering creators like never before.
🔑 What is the Creator Economy? It’s the ecosystem where artists, influencers, and content creators produce and monetize their work. In Web2, this often happens through centralized platforms, but Web3 introduces decentralization and direct ownership.
💡 How Web3 Transforms the Creator Economy:
• Ownership: Creators own their content via NFTs and blockchain.
• Monetization: Direct payments through cryptocurrencies, no intermediaries.
• Community Building: Closer connections with fans through DAOs and tokenized communities.
🖼️ NFTs: The New Canvas:
• Digital Ownership: NFTs give creators the ability to tokenize their art, music, videos, and more.
• Royalties: Smart contracts can ensure creators earn royalties on every resale of their work.
• Scarcity: Limited editions and exclusive content increase value.
💰 Direct Monetization:
• Token Gated Content: Creators can sell exclusive access to content or experiences via tokens.
• Crowdfunding: Platforms like Mirror allow creators to fund projects directly from their community.
• Crypto Tips: Fans can support creators instantly with crypto tips or donations.
One-to-many offerings are the fastest path to increasing revenue for creators.
One-off digital products and 1:1 services are a great place to start and build traction in your business.
Long-term though, one-to-many is necessary to scale.
This clip is from Part 3 in our 5-part series on how to make money as a creator.
Check it out and subscribe for more insights like this.
#creatoreconomy#recurringrevenue#levelupcreators
🌍 Global Reach:
• No Borders: Web3 allows creators to reach a global audience without the limitations of traditional platforms.
• Decentralized Platforms: Platforms like Audius for music or Zora for art enable creators to distribute work without intermediaries.
• P2P Marketplaces: Peer-to-peer sales remove the need for third-party platforms, keeping profits with the creator.
🚀 Community Empowerment:
• Creator DAOs: Creators can form DAOs to govern their communities, where fans have a say in the direction of projects.
• Tokenized Memberships: Fans can buy tokens that give them special access, voting rights, or other perks.
• Engagement: Stronger fan engagement through direct interaction and shared ownership.
⚖️ Challenges:
• Education: Many creators are still unfamiliar with Web3 tools and concepts.
• Platform Usability: Some Web3 platforms can be complex to navigate.
• Volatility: The crypto market’s volatility can impact earnings.
🔮 The Future of the Creator Economy:
• Interoperability: A seamless experience across platforms, where assets and identities flow freely.
• New Revenue Streams: From virtual real estate to digital wearables, creators will have more ways to earn.
• Greater Autonomy: Continued shift away from centralized platforms to truly decentralized ownership and monetization.
🎤 Your Turn: Are you a creator exploring Web3? What excites you most about the potential for decentralized platforms? Let’s discuss in the comments! 👇
CEO, Investor, Producer, Artist, Creative Director, & Blockchain Developer
3moFirst let’s solve the problem of thieves selling stolen/hacked property and Magic Eden, along with the various other exchanges doing little to nothing to stop or prevent it, because smart contracts can be created to prevent fraudulent transactions from happening. Would love to ideate this