After a decade of inaction, web2 platforms have finally woken up to the need to help their creators make money. This was instigated by TikTok’s $2B Creator Fund, but has resulted in dozens of similar funds and new features across Snap, Instagram, YouTube, Pinterest, and even LinkedIn. Meanwhile, web3 platforms are pioneering a new form of... See more
Stripe Treasury is “a banking-as-a-service API that lets you embed financial services in your marketplace or platform.” Simply, by writing a few lines of code, platforms can let their customers set up bank accounts at partner banks like Goldman Sachs and Evolve Bank & Trust.
Solving the problem of incentivizing creative work that endures: Most media distribution and monetization models incentivize quantity over quality. Newspapers, radio networks, podcasts, magazines, books, movies, and on and on receive the lion’s share of their revenue in a short window after release. It is increasingly hard for any medium to have... See more