How Cryptocurrency Could Liberate Content Creators

How Cryptocurrency Could Liberate Content Creators

The growth of the internet has led to a boom in new media and independent content creators. Legacy media institutions are losing power, market share, and audiences to this emerging class.

However, this growth is under threat. These creators rely on third-party platforms such as Twitter, Youtube, and Facebook to broadcast and disseminate their content. Recently we’ve seen these companies clamp down on creators they deem as unacceptable.

On top of this, it can be hard for creators to directly monetize their content through these sites. There are very few ways to directly send money across most social media platforms.

Many creators collect revenue by using services such as Patreon, which allow their audience to financially support them. The problem is that these companies can also shut down accounts should they choose to. We have seen this happen with several prominent producers recently.

 

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