The creator’s community has seen immense growth economically in recent times. Now, the biggest question arises—what will be the future of content creators with the introduction of Web3.0?
According to the verdicts of the experts, it is said that Web3 technology is expected to converge with the creator’s economy. Currently, the content creators’ economic sector is at its peak, flourishing even more every day.
There’s a massive opportunity for new content creators in Web3. We need podcasts, media, blogs, and everything in-between. The learning curve is daunting because of the lack of educational content. This bear market is the perfect time to start. Just start 🤝
— ThreadGuy.eth 🧵 (@notthreadguy) July 19, 2022
How is social media contributing to the creator’s economy?
With the introduction of recent technical advancements, the potential for the creator’s economy has further skyrocketed. Instagram and TikTok have offered content creators a solid stage with billions of users as the audience from all across the globe.
Hence, both TikTok and Instagram have seen substantial ROI generation for their platforms and boosted the creators’ economies.
Will Web3 be in favour of content creators?
Web3.0 will be the future that content creators have ever desired. Content creators’ economic principles are based on decentralization, flexibility in all aspects, and ownership of work, which came into existence recently and perfectly align with the model of Web3.
Over the next few years, as the world approaches the modern iterations of the internet and technology, we will witness more convergence in the creator economy and Web 3. It is expected that the first source of the creator economy on the platforms of Web3 will come from the content owned by the creators.
Currently, social media platforms own the content that the creators produce. However, with the advancement and introduction of a new era, the creators will have complete control over their content and will rule the platform they use.