Products like Foundation aim to bring mainstream creators and their audiences to crypto by allowing them to fund creative projects and earn new revenue streams. Reddit hopes to grow engagement by leveraging community currencies to make users actual owners of their sub's internal economy. Imagine users taking a loan against a pair of tokenized Yeezy... See more
The other side of that idea – that everyone’s a creator – is that everyone’s also an investor. Time and energy are investments, even if they’re not always monetized. With an explicit financial layer in the form of tokens, users get a material stake in the platforms they use the most. The recent ENS airdrop is a good example of how this could work, ... See more
Today, top creators are rewarded with inefficient virtual currencies (e.g., likes/follows) and cash from a centralized platform. In the future, creators will build a new form of status through these community-driven NFTs which they own through their private key and can directly redeem for money.