Content
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https://warpcast.com/~/channel/openventures
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alex
@proxystudio.eth
talking content with @jackwyldes.eth I always get very excited about the content opportunities in the space and it always brings to mind the fact that crypto really has no sustainable ecosystem for content creation & consumption not a single platform at present where content creators are being paid by users, listeners, fans for their work curious if anyone is writing about content in crypto? farcaster is probably the closest platform we have for this, after X and TikTok - where “KOL” types have monetized creating content about crypto…through buying and selling tokens (not as via their content)
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Garrett
@garrett
the problem with this is that users don’t want to pay for content and have become accustomed to free content so media and creators are forced to monetize in other ways hard to get people to pay for something when they’ve grown accustomed to it being free
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Toady Hawk
@toadyhawk.eth
Precisely the reason quality content should be considered a public good— public goods are usually the things everyone wants but nobody wants to pay for.
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Garrett
@garrett
How would creators make money under that model?
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Toady Hawk
@toadyhawk.eth
There are well-funded organizations like optimism, gitcoin and octant whose express purpose is to fund public goods to make the Ethereum ecosystem prosper. They used to fund educational creators but for a number of reasons they pretty much stopped doing so back in 2023. In a model where we agreed that quality educational content was indeed an important public good, we would fund it, so that it wasn’t beholden to the whims of sponsorships that may or may not serve their audiences, or subscriptions that most end users aren’t typically prepared to pay.
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Garrett
@garrett
sounds nice but these models aren’t sustainable or efficient
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Toady Hawk
@toadyhawk.eth
Public goods funding is sustainable so long as sequencer fees go brrr, I just think we’ve currently shifted too far into the mindset of “if it’s not a piece of code that literally generates sequencer revenue, then it’s not really part of the flywheel”, when all kinds of softer endeavors can move the needle and contribute less directly to that revenue. Maybe there’s a reason ethereum has a marketing problem.
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