NFTs and a Thousand True Fans

If digital art and PFPs are good news for visual artists, fan tokens unlock a whole new value stream for the rest of the entertainment industry (film, music, sports in particular). They also break the stranglehold that LA has over film and music, better connecting up-and-comers, growing the pie for all creators, and slashing LA producer “take rates... See more

-We'll see a Decentralized Patreon: Creators will use NFTs and social tokens to create an economy around their communities.

Expanding again on NFTs, one of the most interesting concepts emerging lately is around the Creator Economy – particularly in looking at novel ways that artists, musicians, authors and so on are now able to supplant industry middlemen and pre-program their works to generate royalties perpetually.

For example, for the first time ever, creators can now sell works as NFTs that are hard-coded to generate royalties from all future resales, in perpetuity. This means that every time one of their works is re-sold at auctions, on a marketplace, on streaming services, etc. the actual creator is compensated directly, along with the new seller.