How NFTs Are Overhauling the Creator Economyby@shukyeema

How NFTs Are Overhauling the Creator Economy

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Market estimates suggest that the creator economy was worth $13.8 billion in 2021, and is expected to reach over $104 billion in the coming years. But the oligarchs in control of the current webspace deprive creators severely. The lion’s share of generated revenues goes into the company coffers while the creators get almost nothing. NFTs offer indisputable and irrefutable ownership rights by immutably storing transaction history on the distributed ledger. When a creator mints an NFT on-chain, it continues to exist forever and is practically indestructible.

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Shukyee Ma

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by Shukyee Ma @shukyeema.Shukyee Ma is a founding member of Overeality, the first metaverse infrastructure for interest-driven DAO.
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