The future:
Creator economy 4.0: Ownership
Lines between fans & creators blur into community ownership, and the nature of what being a creator is changes and reflects new incentives.
Creator economy 3.0 (today): Direct monetization from users
Creators seek to become independent businesses, and are adding direct monetization to get more independence from social media platforms.
Multi-SKU earnings direct from fans across courses, subscriptions, tipping, etc.
Creator economy 2.0: The rise of the "influencer"
Some creators built large audiences, which they monetized largely through ads & brand deals. In 2007, Youtube launched the Partner program, allowing channels to run ads & earn money.
Creator economy 1.0: UGC
The rise of social media platforms & UGC content made every internet user into a creator.
Livejournal was founded in 1999, MySpace in 2003, FB 2004, Twitter 2006.
Here’s an amazing article by @ljin18 on the #creator economy and its current problems.
Gather offers a creator-friendly business model for the publishers with a better & fairer #monetization model.
Read it here: https://t.co/8Jt3bGpAbR
#WeekendReads
It's becoming very clear that decentralization is extremely important to the creator economy.
Over the past yr, Mixer's shutdown, arbitrary de-platformings, and now OnlyFans' policy changes have shown that creators are vulnerable on centralized platforms
https://t.co/eK8Shi2rV3
The creator economy is nowhere near its final form.
Many of the early leaders in the space may screw up and fall behind.
Just look at OnlyFans.
So where is the creator economy going?
Was talking to my daughter. We discussed all things NFTs, creator economy, building teams that scale, changes in the venture capital industry. She said “it sounds like every company is now a crypto company”. She is now a partner at a16z.
There's a lot of hype around the "Creator Economy" but I actually find it limited in scope. Not everyone can/wants to make TikToks for a living or take pictures or plug brands. Not everyone is obsessed with social media like the folks reading this tweet -- yes, I'm talking you!
This is a very well thought out map.
The future of the creator economy is in web3. Social tokens, NFTs and crypto. There's a lot of new tools to monetize and manage in this new space as well
1 / I've spent the last 6 months falling down the 🐇🕳️ of where crypto meets creator & the potential that web3 has on revolutionizing the creator economy
Today, I'm thrilled to share one of many contributions to that vision
Introducing, Mint with Levy 👇
https://t.co/5eDzTi1HF7
I'm working on a piece that breaks down TikTok, Black creators, and the creator economy.
In the meantime, the average creators' mix should look like this. Notice where TikTok and similar social media services are. You should be GROWING your audience on these platforms.
CONTENT CREATORS:
•50M people globally self-identify as creators.
•2M creators around the world earn $100K+ per year.
•The creator economy market size is similar to the gig economy, and is estimated at $104.2B.
1/2
Facebook has launched a newsletter product called "Bulletin"
Bulletin is part of Facebook's efforts to power the creator economy and support independent creatives.
https://t.co/WE9rJY1uz0