LEO is pushing earnings to the edge.
This is something that is touted as one of the benefits for Web 3.0. Certainly, even though it is somewhat limited, this is the case.
When it comes to content creation, many are making money online. The challenge is a large chunk is taken by the platforms. Whether we are looking at YouTube, Apple, or Pateron, these companies are raking in big money off the backs of content creators.
This is the deal of Web 2.0 and there is little that can be done. It is one of the revenue streams for these entities. However, we have seen some epic (pun intended) against Apple's 35% fee.
With Leo, we are seeing the emergence of tools designed to aid in this effort.
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Pushing Earnings To The Edge
Web 2.0 is centralized.
This is no surprise to anyone. Most of the money is pulled in by a few companies. There are a handful that garner most of the traffic. It simply is how things evolved.
The model for a Web 3.0 platform can be completely different. With Leo, subscriptions is going to be another means of potential income for content creators. This service is going to see only a small portion of the monthly fee collected by the platform.
Almost all of the fee goes to the content creator. The service is similar to a Substack style yet at a much lower percentage.
We also see the ability to capture the network effect impacting those who hold the token. Unlike Substack, where the content creators have no stake, things can be different on a Web 3.0 platform. The overall success is directed to the token holders.
Here is where there is some hope for the future. Unfortunately, with the costs associated with AI, it is going to be difficult to wrestle the power away from Big Tech.
network effects
Leo is building a nice plethora of features. This is something that takes time. Nothing showing up is going to magically make it skyrocket in value. However, the tools that creators have at their disposal is growing.
This is crucial since it helps with the network effects. While everyone is anxious to get users, it is far more important to work on the offering.
So many are quick to get people on board, only to lose them due to the fact that the platform isnt ready. In fact, a case could be made Leo went down this same path.
Sometimes it is best to put one's head down and simply build. When the time is right, you can release it on the world.
Networks effects come in many forms. Ultimately, I think this is all tied to data. The digital future depends upon this since it is what is going to drive the entire economic model.
Social media is a pathway to this. People are going to still create content. We also have the fact that people are going to still consume it.
Over the next couple years, catering to this crowd will help to feed the AI models that are being integrated.
With Web 3.0, that means offering more data generate via AI driven services that, in turn, generate more data.
This is something that should excite everyone with the token.
It simply is another way the value is pushed to the edge.