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The cycle is pretty much - creator attracts viewers on Y → Y becomes the ideal platform for viewers to view their creators → Y uses creator to attract more creators → Y gets more creators, earning them more money, allowing them to attract more creators → but now Youtube virtually has monopoly over all other similar platforms and creators → They get... See more

Doesn’t this sound great? Well, yes! Now, this is just one of the many examples of this ability to “Web3-anize” assets, i.e to convert from the older way of doing things to a newer model. I would like to further expound on this idea by just taking you on a journey to envision what an increasingly tokenized world could look like.

Isn’t it weird how the tables have turned? Now, let’s look at a Web3 version of this.

Web3 emphasizes the freedom of the individual. In an ideal Web3 world, creator A is on a decentralized platform Z instead, which is run by smart contracts and gives creators more of their revenue. On top of that, platform Z probably has some tokens like $ZDAO that control governance - and this tokenization of governance disallows unilateral decisio... See more