In recent months, the field of digital art NFT has exploded, and the term “decentralized creator economy” has become a buzzword.
The concept of a decentralized creator economy is based on the smart contract technology that promotes the prosperity of visual art NFTs, but it provides much more than that.
The creator economy includes all forms of content creation, including social, artistic, technical, etc. Due to the use of smart contracts to build platforms, centralized institutions have no right to dictate how creators monetize their content and who to show content to.
Although some centralized platforms have recently replaced classic ad-operating creator platforms such as Youtube or Instagram (such as Patreon, which provides creators with a paywall), these platforms still completely control the distribution and profitability of their creators.
And taking a decentralized approach can give creators more power and freedom in terms of intellectual property rights-
By establishing a decentralized platform, creators can promote their content and profit from it, eliminating the need for centralized intermediaries (platforms such as YouTube) to make decisions on behalf of creators and their followers.
Below are 5 platforms (or 4 platforms + 1 network) that have the potential to expand the decentralization of the creator economy in the coming months.
Although BitClout is still in its early stages, it is by far the most mature decentralized social platform, and its disruptive social media has also attracted widespread attention.
The BitClout model is truly revolutionary for creators to make money from social platforms. Creators can directly make money through “Creator Coins” without advertising.
Everyone on the platform has their own unique coin, and the price of the coin depends on the demand for the coin. The more popular the creator, the more valuable the coin. As the value of Creator Coins grows, so will the true value of NFT Coins.
Celebrity BitClout users and their current creator coin prices
You don’t even need to be too active to make a profit on BitClout. If you find an emerging creator and invest in their coins, you will find that this early investment in someone’s potential may pay off in a few months, because by then their fan base and coin value have grown.
BitClout discards the standard centralized method of data management of large technology companies, and prioritizes the profitability of creators on the platform, rather than company shareholders.
As they said on the BitClout webpage: In BitClout, the company will prioritize the interests of the community rather than the interests of shareholders. There is only the community, everyone is united by owning BitClout and “Creator Coin”.
In addition, since BitClout’s public blockchain is open source, anyone can run a node and adjust the algorithm according to their needs.
Take CloutPub, a writer publishing network on the BitClout blockchain.
Mirror.xyz is a decentralized writer platform, equivalent to Medium or Substack. Mirror.xyz provides an online publishing method based on blockchain.
Authors can monetize their work, and the work is classified as NFT as soon as it is published. Individuals can buy and sell these articles like other publications, and every time they buy and sell, they can earn royalties for the author.
Authors can also earn income through crowdfunding writing ideas, and investors who contribute ideas also own part of the final work and take a share of the further income of the work.
Compared with traditional and more restrictive online publishing platforms, this new publishing platform is very popular. Mirror is owned and operated by writers in the Mirror community.
To become a community member, you must participate in the “$WRITE competition”, which is a weekly writing competition with a fixed topic (this week’s topic is “What do you want to use Mirror for?”).
$WRITE owners vote for their favorite works, and the top ten authors who vote can enter the Mirror community.
For musicians, the Audius platform is essential. A few days ago, Audius announced its cooperation with TikTok.
This is the first time that artists can distribute music without signing a record company or not on traditional platforms such as Spotify, and gain listeners through Tiktok’s huge audience.
This is good news for emerging artists who do not have the support of music brands and want to build an audience base to spread their popularity.
But Audius offers more than just cooperation with TikTok.
Artists have always been dissatisfied with the terrible and outright exploitation methods of record companies and streaming platforms.
Companies such as Spotify and Apple Music offer terrible profit solutions, while music brands still completely control the distribution and intellectual property rights of their artists’ music.
Compared with the current streaming media models such as Spotify and Apple Music, Audius’s solution is more attractive, and it also removes the record label-the middleman between the artist and the listener.
Like other decentralized, token-based creator economies, in Audius musicians can manage their own profit and distribution.
Privi is still in the testing phase, but will be launched this fall. Privi is a decentralized application ecosystem that brings a series of creator-driven platforms.
So far, Privi Pix (for digital art), Privi Trax (for music streaming) and Privi Exchange (for exchanging app tokens in the Privi ecosystem), these are all in the testnet.
Not only that, but 9 other apps are listed on their app store, including Privi-Flix (a decentralized version of Netflix) and Privi-Social, BitClout’s future competitors.
The absolute range provided in the Privi meta-universe brings advantages to decentralized players in the current creator economy, and provides creators in many fields with the most comprehensive ecosystem so far.
If everything goes according to plan, Privi may soon become one of the major decentralized ecosystems, easily providing interoperability between its different platforms and tokens.
The last platform is slightly different from the others. In fact, Bluzelle is not a platform, but a “decentralized storage network of creator economy”.
The first four projects provide creators with a decentralized platform on which they can publish, promote, and make money from their works, while Bluzelle is committed to providing creators with a safe and decentralized storage form .
With the release of Bluzelle 2.0, Bluzelle turned its attention to the rapidly expanding creator economy, providing creators in various fields with everything they need to store and manage their intellectual property.
Centralized cloud services such as Google Cloud store data on centralized servers. In contrast, Bluzelle stores NFT data and metadata across multiple nodes in a completely decentralized manner.
All creators who use NFT smart contracts to authenticate their works now have a feasible blockchain storage solution, through which they can safely save their data.
Author: Izzy Skelley
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/5-decentralized-creator-platforms-worth-watching-in-2021/
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