What Is Creator Economy
A new phenomenon is revolutionizing the way we work, live and get entertainment.
In case you haven’t heard, there is a new phenomenon called the ‘Creator Economy’.
And it’s pretty revolutionary.
This term refers to the economy in which those who create content — from musicians to writers — get funded directly by their audience. Removing the old middlemen like record labels, TVs, Newspapers, and publishers from in between.
This is a gigantic revolution in that, now those who create content can say whatever they want without getting shackled by unaccountable corporate shareholders, executives, editors.
In the old form of content creation, major corporations who held the power of distribution decided what people got to see. Basically, it was censorship — but privately.
In the new form of content creation, the audience (you) decide what you see. In the creator economy, the audience not only funds their creators but also participates in the decision-making process, influencing the direction which the creators take.
This is a major step for democratization of everything. Because, with democratization of content creation, especially news, the stranglehold of the old establishment and its corporations on information can be broken. And the people can get to see what’s actually happening.
A big difference from the 2000s when corporate TVs still decided what was ‘news’.
In music too — corporate record labels basically filtered artists and decided who people got to listen to. Do you have an interest in a different genre than what the corporation is interested in? Sorry, you’re out of luck.
Not with Creator Economy — you choose your artist, you fund his or her music, you get to listen to what you fund.
Pioneering platforms like Patreon not only allow you to fund artists directly but also decide their direction through polls and comments.
You can see that this is an incredible change — now, the artists, writers, journalists can directly work together with their community. No middlemen. No censorship.
And it shows.
Younger generations are increasingly cutting themselves off of the traditional media. Including its restrictive, controlling, conditioning influence.
They are free to listen to whomever they want, free to watch whatever they want.
An incredible impact of the emerging Web 3.0, democratization of content. Giving power to the people rather than unaccountable corporate entities.
We are only in the opening stages of this new change. The following years are certain to amplify the impact and change our society considerably. For the better.
Amazing times…