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Why Creators Should Choose Protocols Over Subscriptions
Token-backed communities align incentives so much better than any other medium or monetization I’ve seen.
Richard Patey • Why Creators Should Choose Protocols Over Subscriptions
Platforms like Substack have enabled the best journalists to leave their job, but it’s also put writers on a hamster wheel with a weekly publishing cadence, where they may be making less than they thought.
Richard Patey • Why Creators Should Choose Protocols Over Subscriptions
Making a full-time income as a solo creator in the current Web2 landscape is tough.
Richard Patey • Why Creators Should Choose Protocols Over Subscriptions
What solves for churn is enabling your readers to benefit financially as the collective grows.
Richard Patey • Why Creators Should Choose Protocols Over Subscriptions
The ultimate monetization is tokenization - replacing credit card-based subscriptions in Stripe with NFTs and social tokens.
Richard Patey • Why Creators Should Choose Protocols Over Subscriptions
Creator collectives share the burden of publishing and backend duties (accounting, admin, customer support), but do not solve for churn.