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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Toady Hawk
@toadyhawk.eth
by the way @garrett I’m not saying onchain creators shouldn’t pursue other sources of revenue like minting content, token volume fees, onchain subscriptions, sponsorships, partnerships and piece work, etc. In the present reality they probably have to do a mix of all of the above to earn a decent living. But it would be nice if their contributions to the growth of the ecosystem were also rewarded by public goods funding programs as well, since a healthy eco requires both technical and non-technical builders to flourish.
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Garrett
@garrett
Totally agree. Content creators should be valued more by grants/public goods funding but they generally need to prove distribution/impact in some way
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