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What Is Cryptomedia?
Every day billions of images, videos, songs, and more media are shared on social media. When those files are posted, a copy of the media is taken from the creator’s device and pasted to the server of the platform distributing it—Facebook, Twitter, YouTube, TikTok and the like.
Jesse Walden • NFTs make the internet ownable — Mirror
Social Money is a branded digital token that individual artists and creators can issue to their online communities. It allows creators to own, control, and coordinate the value that they create across media platforms. It’s kind of like a personal loyalty rewards program, but with added benefits (and risks) for both creators and consumers.
Marc Weinstein • Social Money
Web 3.0 is now defined by digital ownership, and not just money or finances, but ownership of your digital self, digital art, applications, etc.
Image if you had ownership of every post you made on social media and were rewarded. That content is owned by you, not some social media company. But where does it live? Well on the blockchain.
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