Web3 is a digital environment of blockchain networks and decentralized protocols that empower users, giving them control over their digital identities, data, and interactions.
A fascinating trend within this rapidly growing space is the emergence of the Web3 creator economy. This movement is being led by crypto influencers on Web3-native applications, traditional social media, and hybrid platforms. These influencers, followed by millions daily, are reshaping the way audiences engage and interact with the blockchain.
The numbers associated with the Web3 creator economy are impressive. For instance, Friend.tech, a recent entrant, accumulated almost $50 million in fees in just three months and reached a peak of 75,000 daily active users. This decentralized social network leveraged the existing social media infrastructure of Twitter, building a membership platform on top using Coinbase’s new layer-2 network, Base.
This development raises several discussion points:
Read the article: https://www.forbes.com/sites/forbes...-creator-economy-within-web3/?sh=733ad8aa2012
A fascinating trend within this rapidly growing space is the emergence of the Web3 creator economy. This movement is being led by crypto influencers on Web3-native applications, traditional social media, and hybrid platforms. These influencers, followed by millions daily, are reshaping the way audiences engage and interact with the blockchain.
The numbers associated with the Web3 creator economy are impressive. For instance, Friend.tech, a recent entrant, accumulated almost $50 million in fees in just three months and reached a peak of 75,000 daily active users. This decentralized social network leveraged the existing social media infrastructure of Twitter, building a membership platform on top using Coinbase’s new layer-2 network, Base.
This development raises several discussion points:
- How can we adapt to and leverage the opportunities presented by the Web3 creator economy?
- What are the potential challenges and risks associated with this new digital environment, and how can we mitigate them?
- How can we ensure that we stay ahead of the curve as the Web3 space continues to evolve rapidly?
- What are the implications of the Web3 creator economy for our current business model and strategies?
Read the article: https://www.forbes.com/sites/forbes...-creator-economy-within-web3/?sh=733ad8aa2012