NFTs make the internet ownable — Mirror

The key point to take away from this is that owning the content is not important to Mirror’s strategic moat. What differentiates Mirror and makes it a sticky product for creators is that it offers a number of ways to build a business that you can’t get anywhere else. Mirror dramatically lowers the coordination cost of creating a complex online busi... See more

A digital file, when intersected with the ubiquity and scale of the internet, can be “seen” by anyone. NFTs push the notion even further. By adding to the ideas of abundance and scale those of passionate distribution, patronage, the day-one fan and, yes, ownership. Concepts associated with scarcity, now distributed out to the abundant world at larg... See more

Web3 inverts the internet’s business models by giving more value and ownership to both creators and consumers. Traditionally, platforms developed online have been driven by advertising and subscriptions. This is because Web2 took a consumer first approach to platforms, protocols and applications with the platforms as intermediaries. Web3 puts value... See more

NFTs give us new tools to solve this problem — by representing previously infinitely-reproducible creative works as scarce, tradable digital assets. This means that artists can now sell a scarce digital asset representing an essay as a unique collectible or artwork, while the content itself remains open and freely accessible

No doubt there are many unanswered questions. The technology to enable this new model still has a way to go and, for it to be useful for most creators, it will have to become a whole lot less “crypto-y.” Web3 is growing fast, but most creators and consumers just want to create and consume content without having to dive too far down the rabbit hole.... See more