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‘Web3 Artists Offers Something Web2 Can’t – True Ownership’ — Palm Foundation Director

According to Andrea Lerdo, a director at the art-supporting organization, Palm Foundation, Web3 enables creators and artists to not only exercise control over their content but to connect with their respective audiences in a way not possible on traditional platforms. For artists who have already carved out a niche in the Web2 space, “Web3 offers something Web2 can’t – true ownership.”

Barriers Blocking Creators From Entering Web3

Lerdo, however, acknowledged that many small creators seeking to unshackle themselves from the “constraints of algorithms and opaque platform policies” by venturing into Web3 might encounter significant challenges. For instance, artists attempting to dabble with non-fungible tokens (NFTs) may be overwhelmed by the tech’s complexity or the initial costs.

To help make artists’ transition to Web3 less daunting, the Palm Foundation director urged players in this space to “provide accessible platforms, lower entry costs, and a supportive network.” She said doing this not only ensures artists’ success but also levels the playing field.

In her written answers sent to Bitcoin.com News via Telegram, Andrea Lerdo touted decentralized autonomous organizations (DAO) as one way artists can “incredibly” empower their respective communities. She argued that when these are properly set up, DAOs can help nurture “a community where everyone feels valued and heard.”

Below are the Palm Foundation director’s answers to the questions sent.

Bitcoin.com News (BCN): What makes you believe that creators and artists who already have a fan base on Web2 social platforms and are making good money want to tap into Web3 to support their art?

Andrea Lerdo (AL): Web2’s fanbase is controlled by centralized platforms like Meta or Tiktok, and mostly dependent on advertisement and algorithms to position their brand. Any change in the algorithm can significantly affect even the most popular Web2 influencers.

For creators who’ve already carved a niche in the Web2 space, moving to Web3 isn’t just about continuing what they’re doing; it’s about revolutionizing it. Web3 offers something Web2 can’t – true ownership. Having control over your content and connecting with your audience on a level that’s just not possible on traditional platforms. We’re talking about direct revenue, personalized digital assets like NFTs, and, most importantly, breaking free from the constraints of algorithms and opaque platform policies. It’s a game-changer for creators who want more from their digital presence.

BCN: Whether it’s sports franchises like Major League Baseball, NASCAR and WWE, or entertainment companies Netflix and Warner Brothers, a lot of big brands have been playing around with NFTs. The smaller artists don’t have the resources of big brands. What are the biggest challenges that small creators face when exploring NFTs and how to address them?

AL: Absolutely, the disparity in resources between small creators and big brands is stark. For these artists, stepping into the NFT and blockchain world can be overwhelming – the tech can be complex, the initial costs daunting, and the market, oh, it’s crowded. But here’s the thing: education and community support can make a difference. If we can provide accessible platforms, lower entry costs, and a supportive network, these artists can not only enter the space but truly thrive in it. It’s about levelling the playing field.

BCN: Can you tell us how your platform helps creative communities in Web3 to explore new possibilities in the digital art landscape?

AL: Palm Foundation is committed to democratizing art and technology, fostering creativity, and supporting artists. aims to empower and elevate historically marginalized creative communities in web3 by endowing critical education, providing opportunity, and amplifying the work of diverse creators on the Palm Network. On the education side, we have the Palm Academy which is a unique e-learning platform focused on Web3 education.

Unlike traditional digital academies, Palm Academy offers courses on topics like AI, art, business, and activism, catering to both beginners and professionals. Beyond just learning, students earn “Proofs” — non-transferable tokens that represent their achievements and contributions. Through initiatives such as ‘Calls for Art,’ whether internally or with partnerships, and grants for the best final projects of the courses at the academy, Palm Foundation seeks to create opportunities for artists to thrive and succeed in the digital age.

And now, The Foundation is launching the Palm Collective Tool that will enable creators to self-organize: leveraging a purpose-designed, open-source, on-chain governance as-a-service tool. Our vision is to empower individuals & communities to make decisions collectively, to manage their resources; to use their voice, to create positive change, and to practice self-determination.

BCN: Currently, creators with great Web3-native ideas have to develop custom products by themselves or pay a Web3 firm to do that. What do you think needs to be done to reduce barriers to entry and do you believe that the Web3 ecosystem is moving towards no-code?

AL: The current need for custom development in Web3 can be daunting for creators. However, the future lies in democratizing this space, which is where no-code platforms become pivotal. These platforms will enable creators to implement their Web3 concepts without extensive technical know-how, fostering a more diverse and innovative community. The transition towards user-friendly, no-code solutions is crucial for a more accessible and vibrant Web3 ecosystem.

And that’s exactly what we want to provide with the Palm Collective Tool.

The Palm Network initially had a PoA (Proof-of-Authority) mechanism that offered faster and cheaper transactions, but you’ve been migrating to zkEVM. Why?

The Palm Network initially used a Proof-of-Authority (PoA) mechanism to facilitate faster and cheaper transactions. This approach was effective for its initial goals, but the network has been migrating towards becoming a Polygon ZK Supernet, a process that involves a two-step migration.

The first step in this migration happened in August 2023, involving transitioning from the PoA mechanism to a Proof-of-Stake (PoS) chain. This change aims to enhance the network’s security and decentralization while maintaining efficiency.

The second step, planned for 2024, will transition the network into a ZK Supernet. This move is particularly significant as it will greatly scale the network’s capacity. The use of zero-knowledge proofs (zkEVM) in the ZK Supernet is a key factor in this transition. ZkEVMs are known for their ability to enhance scalability and privacy while maintaining Ethereum compatibility. This makes them highly efficient for processing complex operations, such as those involved in minting, trading, and collecting NFTs.

By becoming part of the Polygon Supernets ecosystem, the Palm Network aims to make NFT-related activities more accessible, benefiting from Polygon’s high speed, security, and scalability features. The move to zkEVM is thus a strategic step to align with the growing demands in the realms of creators, sports, and entertainment, ensuring that the network remains competitive and capable of handling increased transaction volumes and complex operations with improved efficiency and security.

BCN: When one talks of communities in Web3, decentralized autonomous organizations (DAO) tend to become a part of the conversation. Does it make sense for individual artists and creators to form a DAO or sub-DAO to help govern their communities?

AL: When we discuss communities in the Web3 space, DAOs (Decentralized Autonomous Organizations) often come up, and rightly so. The idea of DAOs resonates deeply with the ethos of Web3 – decentralization, collective governance, and shared ownership. Now, for individual artists and creators, the concept of forming a DAO or a sub-DAO to manage their communities can be incredibly empowering.

Think of it this way: artists traditionally have had a one-way relationship with their audience. But in a DAO, this dynamic shifts. It becomes a collaborative, interactive community where members, not just the artist, have a say in key decisions. This could be about the direction of the artist’s work, merchandising, exclusive content releases, or even community-driven projects.

For creators, this model doesn’t just build a community; it creates a sense of belonging and investment among the members. However, it’s important to note that DAOs require a level of commitment and understanding of how decentralized governance works. It’s not just about setting it up; it’s about nurturing a community where everyone feels valued and heard.

So, does it make sense for individual artists to form a DAO? Absolutely, if they’re ready to embrace a more inclusive, democratic approach to community engagement. It’s a step towards redefining the creator-audience relationship, making it more dynamic, interactive, and mutually beneficial.

What are your thoughts about this interview? Let us know what you think in the comments section below.

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  • 16.09.24 00:11 marcusaustin

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  • 23.09.24 18:56 matthewshimself

    At first, I was admittedly skeptical about Worldcoin (ref: https://worldcoin.org/blog/worldcoin/this-is-worldcoin-video-explainer-series), particularly around the use of biometric data and the WLD token as a reward mechanism for it. However, after following the project closer, I’ve come to appreciate the broader vision and see the value in the underlying tech behind it. The concept of Proof of Personhood (ref: https://worldcoin.org/blog/worldcoin/proof-of-personhood-what-it-is-why-its-needed) has definitely caught my attention, and does seem like a crucial step towards tackling growing issues like bots, deepfakes, and identity fraud. Sam Altman’s vision is nothing short of ambitious, but I do think he & Alex Blania have the chops to realize it as mainstay in the global economy.

  • 01.10.24 14:54 Sinewclaudia

    I lost about $876k few months ago trading on a fake binary option investment websites. I didn't knew they were fake until I tried to withdraw. Immediately, I realized these guys were fake. I contacted Sinew Claudia world recovery, my friend who has such experience before and was able to recover them, recommended me to contact them. I'm a living testimony of a successful recovery now. You can contact the legitimate recovery company below for help and assistance. [email protected] [email protected] WhatsApp: 6262645164

  • 02.10.24 22:27 Emily Hunter

    Can those who have fallen victim to fraud get their money back? Yes, you might be able to get back what was taken from you if you fell prey to a fraud from an unregulated investing platform or any other scam, but only if you report it to the relevant authorities. With the right plan and supporting documentation, you can get back what you've lost. Most likely, the individuals in control of these unregulated platforms would attempt to convince you that what happened to your money was a sad accident when, in fact, it was a highly skilled heist. You should be aware that there are resources out there to help you if you or someone you know has experienced one of these circumstances. Do a search using (deftrecoup (.) c o m). Do not let the perpetrators of this hoaxes get away with ruining you mentally and financially.

  • 18.10.24 09:34 freidatollerud

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  • 31.10.24 00:13 ytre89

    Can those who have fallen victim to fraud get their money back? Yes, you might be able to get back what was taken from you if you fell prey to a fraud from an unregulated investing platform or any other scam, but only if you report it to the relevant authorities. With the right plan and supporting documentation, you can get back what you've lost. Most likely, the individuals in control of these unregulated platforms would attempt to convince you that what happened to your money was a sad accident when, in fact, it was a highly skilled heist. You should be aware that there are resources out there to help you if you or someone you know has experienced one of these circumstances. Do a search using (deftrecoup (.) c o m). Do not let the perpetrators of this hoaxes get away with ruining you mentally and financially.

  • 02.11.24 14:44 diannamendoza732

    In the world of Bitcoin recovery, Pro Wizard Gilbert truly represents the gold standard. My experience with Gilbert revealed just how exceptional his methods are and why he stands out as the premier authority in this critical field. When I first encountered the complexities of Bitcoin recovery, I was daunted by the technical challenges and potential risks. Gilbert’s approach immediately distinguished itself through its precision and effectiveness. His methods are meticulously designed, combining cutting-edge techniques with an in-depth understanding of the Bitcoin ecosystem. He tackled the recovery process with a level of expertise and thoroughness that was both impressive and reassuring. What sets Gilbert’s methods apart is not just their technical sophistication but also their strategic depth. He conducts a comprehensive analysis of each case, tailoring his approach to address the unique aspects of the situation. This personalized strategy ensures that every recovery effort is optimized for success. Gilbert’s transparent communication throughout the process was invaluable, providing clarity and confidence during each stage of the recovery. The results I achieved with Pro Wizard Gilbert’s methods were remarkable. His gold standard approach not only recovered my Bitcoin but did so with an efficiency and reliability that exceeded my expectations. His deep knowledge, innovative techniques, and unwavering commitment make him the definitive expert in Bitcoin recovery. For anyone seeking a benchmark in Bitcoin recovery solutions, Pro Wizard Gilbert’s methods are the epitome of excellence. His ability to blend technical prowess with strategic insight truly sets him apart in the industry. Call: for help. You may get in touch with them at ; Email: (prowizardgilbertrecovery(@)engineer.com) Telegram ; https://t.me/Pro_Wizard_Gilbert_Recovery Homepage ; https://prowizardgilbertrecovery.info

  • 12.11.24 00:50 TERESA

    Brigadia Tech Remikeable recovery has exhibited unparalleled strength in the realm of recovery. They stand out as the premier team to collaborate with if you encounter withdrawal difficulties from the platform where you’ve invested. Recently, I engaged with them to recover over a million dollars trapped in an investment platform I’d been involved with for months. I furnished their team with every detail of the investment, including accounts, names, and wallet addresses to which I sent the funds. This decision proved to be the best I’ve made, especially after realizing the company had scammed me. Brigadia Tech Remikeable recovery ensures exemplary service delivery and ensures the perpetrators face justice. They employ advanced techniques to ensure you regain access to your funds. Understandably, many individuals who have fallen victim to investment scams may still regret engaging in online services again due to the trauma of being scammed. However, I implore you to take action. Seek assistance from Brigadia Tech Remikeable Recovery Experts today and witness their remarkable capabilities. I am grateful that I resisted their enticements, and despite the time it took me to discover brigadia tech recovery, they ultimately fulfilled my primary objective. Without Brigadia Tech Recovery's intervention, I would have remained despondent and perplexed indefinitely. Also if you are looking for the best and safest investment company you can contact them, for wallet recovery, difficult withdrawal, etc. I am so happy to keep getting my daily BTC, all I do is keep 0.1 BTC in my mining wallet with the help of Brigadia Tech. They connected me to his mining stream and I earn 0.4 btc per day with this, my daily profit. I can get myself a new house and car. I can’t believe I have thousands of dollars in my bank account. Now you can get in. ([email protected]) Telegram +1 (323)-9 1 0 -1 6 0 5

  • 17.11.24 09:31 Vivianlocke223

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