added by Sam Blumenthal and · updated 4mo ago
NFTs and a Thousand True Fans
- Crypto, and specifically NFTs (non-fungible tokens), can accelerate the trend of creators monetizing directly with their fans. Social platforms will continue to be useful for building audiences (although these too should probably be replaced with superior decentralized alternatives), but creators can increasingly rely on other methods including NFT... See more
from NFTs and a Thousand True Fans by Andreessen Horowitz (AZ)
Sam Blumenthal added 2y ago
- The second way NFTs change creator economics is by enabling granular price tiering. In ad-based models, revenue is generated more or less uniformly regardless of the fan’s enthusiasm level. As with Substack, NFTs allow the creator to “cream skim” the most passionate users by offering them special items which cost more. But NFTs go farther than non-... See more
from NFTs and a Thousand True Fans by Andreessen Horowitz (AZ)
Sam Blumenthal added 2y ago