The Creator Economy, WEB3 & Independence

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8 Sept 2024

A Growing Trend
The Creator Economy has seen significant growth within WEB2. The monetization of content creation is expanding, regarding platforms, opportunities, and improved models. One of the most significant improvements in recent years is that of WEB3 monetization models. The growth within the WEB2 realm is now overflowing into the realm of WEB3, as WEB2 creators begin increasing their reach.
One of the most foolish things a successful WEB2 creator can do is refuse the invitation by WEB3 and its ardent supporters. Increasing your exposure requires little effort, especially if you are already known and celebrated in WEB2 circles. Platforms like the Arena, are often a mirror of existing WEB2 platforms. In the case of the Arena, it’s almost like an extension of X.
Posting on X and the Arena would require minimal extra effort, yet create an additional revenue stream. With the expected growth within WEB3 and its Creator Economy, these opportunities could outperform platforms like x within several years. When I say outperform, I refer to the earning capacity, not necessarily the reach and exposure. It’s important to remember that tokenized models will outperform TradFi models.
WEB3’s Golden Thread
Platforms like X utilize traditional and existing monetization models such as ad revenue. These are dollar-denominated earnings and have zero growth potential once accrued. This is where and how WEB3 can significantly outperform WEB2. Many WEB3 creator models incorporate a Proof-of-Stake protocol. This dynamic ensures that some, or all of the tokens earned within the platform are delegated for additional benefits.
These benefits can include increased earnings, additional upvoting power, and other benefits unique to each platform and protocol. Unlike dollar-denominated earnings, Crypto revenue, if staked, will increase significantly in value over the long term. In many instances, will also boost your current and future earnings. This is precisely why certain WEB3 creators have decided to push as hard as they can now.
Establishing a strong following and income stream will produce enormous results in years to come. This is the best card to play, as establishing a WEB2 presence can be incredibly difficult. There is also no guarantee of earnings and even future earnings. WEB3 is rewarding participants right now… and that makes a world of difference. For many WEB3 creators, it’s a case of:

Do more of what works!

WEB3 works and encourages even small-time creators to get behind it and build their brand and presence on various WEB3 platforms. Some of these platforms are likely to fail. On the other hand, some will go on to achieve greatness. Regardless of the future, there are rewards to be earned right now… and that alone makes WEB3 a viable alternative for creators looking to begin their journey.

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Final Thoughts
WEB3 provides a level of independence that WEB2 is unable to match. Furthermore, independence also means mobility and avoiding censorship, at least in many cases. Building a WEB3-based business may seem a little risky now. However, in years to come, it will be seen as one of the best moves an individual could have made in the 2020s. That’s it for this one. Enjoy your Sunday and I will catch you in the next one!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.