Someday every internet community might have its own micro-economy, including NFTsand fungible tokens that users can use, own, and collect. The thousandtruefans thesis builds on the original ideals of the internet: users and creators globally connected, unconstrained by intermediaries, sharing ideas and economic upside.
The thousandtruefans of the Internet. A non-fungible token, or NFT, is a cryptographic token that has the ability to grant users the power to own digital objects, which are also indivisible, transferable, and have the capacity to prove their rareness. As such, NFTs are becoming truly useful for creators.
NFTs further reinforce the concept of the "1000 truefans" because buyers of NFTs are direct and genuine owners of the content. They're not just consuming it; they're also directly investing in it and the person who created it. ... The true sense of a thousandtruefans lies in eliminating the constraints of the Web 2 model. It's a world where ...
Getting rid of a central authority or figure reinforces Kelley's concept of 1000 TrueFansas it enables a more direct connection between creators and their fans. It also helps to create a more sustainable and long-term relationship between them, as the fan is now invested in the creator's success rather than just being a consumer of their work.
The thousandtruefans thesis builds on the original ideals of the internet: users and creators globally connected, unconstrained by intermediaries, sharing ideas and economic upside. Incumbent social media platforms sidetracked this vision by locking creators into a bundle of distribution and monetization.
In her February 2020 article "100 TrueFans," she lays out a formula by which creatives can achieve a middle-class income of $100,000 ... NFTs, Jin believes, take her idea of 100 truefans ...
In this article, we will explore the intersection of NFTsand the concept of a thousandtruefans, and how they are revolutionizing creator economics. Removing Rent-Seeking Intermediaries: One of the fundamental advantages of NFTs for creators is the ability to bypass rent-seeking intermediaries. Unlike traditional platforms that take a cut of ...
These truefans are individuals who are willing to support and purchase anything the creator produces. NFTs enhance the economics of the thousandtruefans model by making users owners. When fans own a piece of the creator's work through an NFT, they become invested in the creator's success and are more likely to support them. This reduces ...
NFTsandaThousandTrueFans Andreessen Horowitz (AZ) a16z.com. 2 2. NFTsandaThousandTrueFans Chris Dixon future.a16z.com. The model of 100 truefans is about the fan benefit, rather than the creator benefit.
The rise of NFTs (non-fungible tokens) and the concept of a thousandtruefans have paved the way for a revolution in creator economics. By leveraging blockchain technology, NFTs offer fundamentally better economics for creators by removing intermediaries, enabling granular price tiering, and making users owners.
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