Platforms are now scrambling to compete as “creator platforms”, with a lot of effort poured into ensuring that content can generate real economic value for creators, either by paying for it themselves or by helping the audience pay.
The foodtech space is well-positioned for significant technology-driven growth, with companies in the sector raising $5.3 billion in VC funding in Q1 2020, according to Pitchbook. Below are three trends that I believe will stick once we emerge from our kitchens:
My general theory of social apps is that they compete on the basis of their network structures, rather than their content formats. The network structure—who sees what—is usually the main driver of value.
Social tokens are to communities what IPOs are to startups. Approaching the public markets takes time, and for good reason. Ahead of a public launch, NFTs can be used to achieve similar incentives.