Patreon Considers Allowing Creators to Use Crypto for Monetization
Patreon, the membership platform, is pondering the idea of letting creators in its platform issue their own creator coins. The statement, that constituted a revelation, was offered by Patreon CEO and co-founder Jack Conte and Chief Product Officer Julian Gutman during The Information’s 2021 Creator Economy Summit. This is consistent with a report presented last September that evaluated using crypto as part of the platform. Patreon Flirts With Crypto Patreon, the well known membership organization, is now pondering the idea of introducing crypto elements to add new revenue....
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Online tipping and funding platform Patreon is planning to accept bitcoin "hopefully soon", allowing fans to make regular micropayments to their favorite online artists. Founded in 2013, Patreon has to date raised more than $2m in seed funding, and is one of a host of recent startups looking to help content creators recoup revenue otherwise lost to online middlemen like YouTube. The announcement comes courtesy of an email the company sent to reddit user 'camponez', who wrote to Patreon to enquire about bitcoin integration, and received the following reply: "Thanks so much for your note! We....
The online content creator platform is seeking feedback about a possible “social token or creator coin.” Patreon executives again teased their company's expansion into the world of crypto at a 2021 Creator Economy Summit by The Information panel. Patreon CEO Jack Conte appeared with chief product officer Julian Gutman, saying:“I really love the idea of creators owning their media and owning their content. [...] I love the idea of shifting power away from institutions and toward individual creative people.”Conte noted that while the platform doesn’t currently have full-time employees....
Since Twitter implemented its crypto tipping feature, it appears as though more content creator platforms may start to do the same in the near future. As the digital asset market continues to break new ground, seemingly with each passing day, there is no denying the fact that crypto adoption has continued to increase at a fairly rapid pace globally. In this regard, it now appears as though online content creator platform Patreon is actively looking to devise its very own social token — or “creator coin” as it likes to call it — as a way of diving into the world of cryptocurrencies.Patreon....
BULLZ, the new app for sharing and earning with videos on favourite crypto picks, has already amassed crypto and lifestyle influencers with a combined reach of 26.8+ million. Within 4 weeks of release, top creators including melissasantos, jollygreeninvestor, thestockbunny, joeybirlem, gavin_mayo and many more have already discovered BULLZ and it’s new monetization opportunity for themselves. While more established web2 companies, such as Twitter, Reddit and Facebook, are exploring NFTs or blockchain technology, the conversations around crypto monetization and adoption are growing. More....
Current content monetization systems are seen as broken, but some blockchain solutions claim to hold the key to solving their issues. By doing so, they have helped regular people become known celebrities, many of whom now hold more influence than TV networks and print media outlets. The same can be said for music streaming services like Spotify and iTunes, which now allow musicians to skip record label deals and simply upload their songs directly to platforms through services like DistroKid and others.While these are amazing feats, to say the least, the model still needs to be improved.....