Post #46

Web3Creator Economy: February headlines - Maximizing Profits Will ‘Kill’ Web3: Animoca Brands Chairman: Yat Siu described royalties as the gas that keep an economy of creators humming, comparing it to the gas fees charged to process each transaction on Ethereum’s network (source) - NFT Royalties Are 'Not Going Away on SuperRare': Co-Founder Jon Perkins - this statement is a response to the OpenSea’s controversial move to change its creator royalty and fee structure earlier this month that has raised serious questions about what the value proposition of NFT marketplaces will be if artists and the original creators are cut off revenue streams (source) - New YouTube CEO Is Bullish on Web3 Tech Like NFTs and the Metaverse: Neal Mohan has said that NFTs could enable “creators to build deeper relationships with their fans” (sources) - The harsh reality fosters dissatisfaction with web2 platforms for creators: the average income for a full-time creator is less than $100,000, the median is $50,000; stiff competition and high costs meant only 4% of creators earn a living from content; 46% made less than $1,000 a year in 2022 (source) #creatoreconomy#February2023#trends