If you want to know why there’s so much talk about crypto and blockchain’s potential to transform the creator economy, one good answer might be that there’s so much in need of transformation.
No one has been more vocal than musicians upset at the very micro micropayments they get for song streams — $0.003 to $0.005 are the most cited figures, which puts earnings at $3,000 to $5,000 for 1 million plays.
Another is that so many other companies, including social media giants like Facebook and Twitter, are getting in on trying to fix a very broken system that it’s an obvious target for an industry built on the concept of eliminating financial middlemen.
See also: Facebook Pivots From News Coverage to Creator Economy
It’s a simple pitch: Creators can take payments directly from fans, with no bank, credit card issuer or payments processor in the middle taking a cut. That sounds great until you actually try to send bitcoin from one digital wallet to another: It’s a process that even...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...