WEB3 – Adjusting The Dynamic

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19 Apr 2024

Pioneers See The Bigger Picture
The content creation industry has grown to approximately 44 billion dollars and is expected to rise significantly in the coming years. Furthermore, this is unlikely to be a comprehensive figure, especially when it comes to WEB3. For now, many content creators are enjoying their bread being buttered on WEB2. However, WEB3 advocates are looking much further down the road.
When you begin to study and analyze societal groupings around the world, there is a common thread that tends to govern the jurisdictions crippled by poverty. These communities tend to concern themselves with the needs of today. There is little or no thought given to tomorrow, and as a result, the concepts of saving, investing, and planning are alien to them.
In my opinion, WEB3 creators can be compared to those individuals who plan, as well as invest for tomorrow. It’s not enough that today’s needs are met, what about next year, and the years that lie ahead? Establishing an audience and presence within the WEB3 world is a smart move that is likely to yield dividends in the years to come. However, many have underestimated the shift that is currently in motion. It’s viewed as an alternative, whereas in reality, it’s likely to become a necessity.
Already, we are seeing more and more WEB2 creators making the shift to WEB3. This move is often motivated by self-preservation, and the avoidance of censorship, shadow banning, and account closure. These events are now not so much an exception to the rule, but a very real risk. Of course, not all WEB3 opportunities are created equal. However, some offer protection in this regard.
Tokenization Simplifies Monetization
Most WEB3-based platforms make use of a tokenized model. This enables monetization without additional forms of revenue. The average WEB2 platform is beholden to advertisers and other forms of revenue to compensate content creators on the platform. Tokenization eradicates the need for these forms of income/revenue and can utilize them as a way to supplement revenue and increase rewards.
This is where a project like Grass comes into the picture. Selling your unused bandwidth is by no means a new model. Platforms such as Pawns, Honeygain, and Peer2Profit have been harnessing this model for years. However, grass has incorporated AI, and most importantly, tokenization. If you are a business-minded individual and can read between the lines, you will understand the benefits of such a model.
Tokenization creates an additional, or alternative revenue stream. Not only that, but a tokenized model adjusts the dynamic of the content creator. Publishers can shift from an employee model to an independent model. A lot of the content currently being consumed on WEB2 is in the form of outsourcing. In other words, many content creators are unable to publish work unless their “employer” assigns them a new project.
This is not always the case, but in many instances it is. Creators who write for blogs and other publications can only create on demand, or more specifically, be compensated for their creations on demand. A WEB3 creator operating on a plethora of WEB3-based platforms has an ongoing stream of income, provided they continue creating. The level of compensation will of course come down to a multitude of factors.
Creators who have already opted for WEB3 are the early birds, who have the privilege of time, which is essential to establishing a large and interactive audience. WEB3 creators are essentially moving towards independence, ultimately removing reliance on a third party to reward or compensate them for their time. A tokenized model ensures appreciation is rewarded. However, getting out there is still a challenge.

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Final Thoughts
WEB3 is much more than an alternative or superior model. It’s a model that ensures some level of income, independence, as well censorship resistance, in some instances. This is where a blockchain-based platform like Hive is at the forefront. The monetization element is unrestricted, and censorship is not a concern. Interesting to note that the HIVE token hit a market cap of $1 billion in the previous cycle.

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It’s been a bit slow to respond this time around, but so have many other projects. However, this bull market is only kicking off. The Bitcoin halving is today, and that’s only the beginning, at least, historically. I love WEB3, and I am sure many agree. Let’s move into the future, and secure our digital real estate now, while it’s fairly easily accessible. See you next time!

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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.