Rise of Web3 Writer

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"Either write something worth reading or do something worth writing." - Benjamin Franklin

Benjamin Franklin's quote is highly applicable to writers in the Web3 space. A Web3 writer is defined by a passion for decentralization and community building; this kind of new writer creates engaging narratives that inform and inspire the Web3 ecosystem.

They use decentralized tech to update regulations for transparent content and fair compensation of creators and users. Through Web3, writers can interact with readers, earn tokens, and join fair platforms like @BULB Official.

Internet: Past Two Decades

Over the past two decades, the Internet has undergone a significant transformation, evolving from the static, centralized web2 to the more decentralized web3. This shift has had a profound impact on the way content is created, distributed, and consumed.

2000s

In the early 2000s, the Internet was primarily a source of information accessed via desktop computers.

A notable moment during this period was in 2006, when Mena Trott, a co-founder of the blogging platform Six Apart, gave a 👀👇TED talk highlighting the growing influence of blogs in personal and professional communication.

Mena Trott: How blogs are building a friendlier world | 2006

Social media platforms have revolutionized how we connect with others, share experiences, and consume news. Cloud computing enabled the storage and processing of data over the Internet, facilitating the rise of streaming services, online gaming, and remote work.

The Internet's evolution from a simple communication tool to an integral part of daily life highlights its profound impact on society over the last twenty years.

From Web2 to Web3

The transition from Web2 to Web3 writing and blogging marks a significant shift in how content is created, owned, and monetized.

In the Web2 era, content creation was largely centralized, with major platforms hosting and controlling access to content. This often left creators at a disadvantage regarding content ownership and revenue sharing.

Web3 introduces a decentralized model, using blockchain to give power back to creators. This shift allows writers and bloggers more control over their content through direct ownership.

A Web2 Writer

A Web2 writer operates within the second generation of the Internet, where platforms are centralized, and owners largely control content creation.

This era is characterized by the rise of social media, blogs, and content-sharing platforms that rely on user-generated content. Yet, the corporations that own these platforms hold the control and monetization mechanisms.

The stark contrast between Web2 and Web3 Writer lies in the technology and philosophy of content ownership and distribution. While Web2 allows for widespread dissemination and easy access to content, it often does so at the cost of creators' control over their work and monetization.

A Web3 Writer

The Web3 concept, with its foundations in blockchain, smart contracts, and decentralized finance (DeFi), is guiding a new era for writers.

Unlike traditional publishing models, which often involve publishers and intermediaries in a significant portion of power and profits, Web3 offers a place where writers can directly engage with their readers, build communities, and retain more control over their work.

How To Get Into Writing For Web3 + NFTS

Web3 seeks to disrupt this model by offering creators more autonomy, direct revenue streams, and a say in the governance of the platforms they use, fostering a more equitable ecosystem for digital content creation.

Do-to-Earn

The 'do-to-earn' model incentivizes creators by rewarding them for various activities, such as writing, curating, and interacting within the community, using cryptocurrency or tokens.

Unlike the traditional revenue models that primarily benefit platform owners, the do-to-earn approach in Web3 democratizes earnings, distributing value more equitably among those who contribute to the ecosystem.

How Digital Assets And Web3 Are Driving The 'X To Earn' Movement | Forbes

This setup bolsters creators' control over their content and direct earnings and encourages a more active and engaged community. Participants are motivated to contribute quality content and meaningful interactions, fostering a vibrant digital environment.

As a result, the do-to-earn model in Web3 is transforming the economics of writing and blogging and cultivating a new culture of participation and ownership in the digital content space.

Web3 Writers and Readers

The ongoing transition to Web3 writing platforms is fundamentally reshaping the world for content creators and consumers, ushering in a new era of digital interaction.

This paradigm shift transforms how content is created and distributed and revolutionizes how consumers engage with and perceive content.

What's the Best Way to Turn Web2 Followers into Web3 Collectors?

The shift towards Web3 writing platforms is having a profound impact on both creators and consumers of content:

1. Power Back to Writers: Writers can now enjoy greater autonomy over their work, from setting prices to creating limited editions of their writings. This level of control was previously unimaginable in traditional publishing contexts.

2. New Monetization Models: Through mechanisms like NFTs (Non-Fungible Tokens), writers can tokenize their articles, stories, or books, creating unique digital assets that can be bought, sold, or collected. This opens up new revenue streams beyond conventional book sales or advertising.

3. Enhanced Reader Engagement: Web3 platforms often incorporate social and interactive elements, enabling readers to participate in content curation, feedback, and funding through DAOs.

4. Increased Accessibility: By reducing the barriers to entry for publishing, Web3 is democratizing access to the world of writing. Now, anyone with an internet connection can share their stories without needing an agent or a publishing deal.

Looking Ahead

I want to conclude this post by explaining that Web3 writers represent a move towards a fairer, more diverse, and inventive digital environment. With new ventures, writers will have increased opportunities to showcase their creativity and engage with their audience.

Although the transition to Web3 is in its early stages, its ability to revolutionize the literary world is significant. As authors and readers adopt these platforms, we can expect a more varied storytelling realm beyond conventional limits, offering new possibilities for written expression.