Today, top creators are rewarded with inefficient virtual currencies (e.g., likes/follows) and cash from a centralized platform. In the future, creators will build a new form of status through these community-driven NFTs which they own through their private key and can directly redeem for money.
A community member drafts a brief for a short film or animated series. Token holders — community members who have obtained either NFTs or fungible “social tokens” that give multiple holders equal governing weight — could vote to approve the brief, and allocate an initial budget for it. Production companies could then respond to it, creating a trail... See more
Social money is branded cryptocurrency. It allows creators to reward fans for different kinds of engagement. Liking and retweeting your favorite creator’s content for example is finally worth something.