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On the horizon: The creator economy is moving to Web3

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Blockchain projects continue to innovate and experiment in a number of industries and formats.

Though it is beginning to recede in memory, the bear market of 2022 dealt a major blow to public confidence in blockchain technology’s potential for practical use and mass adoption. The collapse of blockchain platform, Terra, and the dissolution of crypto hedge fund, Three Arrows Capital and global exchange, FTX, damaged the financial well-being and reputation of the entire ecosystem.

Nonetheless, during these challenging times, projects with real substance and use cases have continued to build and develop, and Web2 giants, such as Amazon and Mastercard, have been quietly establishing key infrastructure and partnerships in the space. As 2023 progresses, we are seeing new ideas and approaches begin to truly flourish.

While novelty and exploration marked the rise of crypto in 2020 and 2021, the next great wave will likely be focused on sustainable solutions to real-world problems and could feature tighter connections to traditional companies, who have now become more established and connected in Web3. That’s why the content creator economy, with its highly developed Web2 infrastructure, presents one of the most promising and lucrative areas of interest for blockchain developers, users and investors.

It may not be long before you can purchase tokens that grant you revenue rights to your favorite YouTube channel, film company or video game, or gain special, exclusive access to the artists and musicians you love. Web3 promises to enhance and deepen all aspects of our media experiences.

Web3 meets YouTube

For any content creator, seeking to elevate their brand, discover new streams of revenue or connect with fans on a deeper level, decentralized digital assets serve as a powerful and versatile tool. Tokenization can benefit creators of all kinds: vloggers, songwriters, comedians and indie game designers. There are a dizzying number of applications across the entire field of entertainment.

An early example of the Web3 content creator economy, Brave Browser, released in 2016, was one of the first web platforms to use blockchain technology, offering users security, privacy and financial incentives. Brave rewards both users and creators in its native BAT (Basic Attention Token), and even has a creator grant program, funded by its User Growth Pool. The structure of the platform brings creators and fans closer together and supports and sustains emerging, high-quality content.

In the years since, established Web2 companies — across a wide range of sectors — have become increasingly interested in the promise and potential of Web3. Gucci and Prada have set up shop in the metaverse, and Starbucks’ Odyssey NFT program has brought renewed attention to the coffee giant.

AIR Media-Tech enters Web3 with Royalty

In today’s content creation industry, AIR Media-Tech, a YouTube partner and third largest content creator marketing agency worldwide, is breaking new ground with a new Web3 venture: Royalty.

Join the community where you can transform the future. Cointelegraph Innovation Circle brings blockchain technology leaders together to connect, collaborate and publish. Apply today

The Royalty platform enables content creators to quickly and easily fundraise directly from their fans, allowing rising creators to reinvest in their own channels and rewarding fans for their loyalty and support. Royalty utilizes blockchain technology to give fans autonomy over their digital property, transforming them into active participants in their favorite creators’ journeys.

Companies that already have a foothold in an industry are more easily able to devote resources to blockchain development and integrations. Furthermore, fundraising, especially in a bear market, can present a major challenge for startups. If sufficient funds are not raised for the long term, a young company may stall or shut down when they run into technical challenges or marketing hurdles.

Web3 crowdfunding goes to the movies

Despite the popularity of social media, movies still capture the popular imagination and can rake in outsized profits. Tokenization will doubtless play a significant role in the funding of movies and series going forward, and a few entrepreneurs are already exploring this promising new application of Web3 technology.

Coinrunners is one of the first movies to use tokenization to enable the production of a fully fan-funded feature film. Holders of any of the 15,000 Coinrunners NFTs will be de facto movie producers, enjoying real royalty rights, tied to movie revenue.

The flexibility, immutability and transferability of NFTs make them an effective vehicle for crowdfunding, art collection and fan perks.Tokenization allows for the amplification of organic growth and can lead to greater support for popular and niche film projects. To aspiring filmmakers, an established following and track record are an enormous boon — this has been the case for many notable NFT artists. However, a compelling concept, trending topic or subculture connection can sometimes be enough to raise a modest budget.

The enormous market for blockchain gaming

Play-to-earn gaming was a major force in the previous crypto cycle. Leading blockchain game, Axie Infinity, peaked at a market cap just short of $10 billion, with close to 2.8 million users playing the game in January 2022. Axie Infinity has a turn-based combat model that rewards players in native Smooth Love Potion (SLP) tokens. The game utilizes NFT characters that integrate with gameplay cards and took inspiration from Pokemon, Tamagotchi and CryptoKitties.

The newer blockchain initiative, Illuvium, is a AAA game that combines fantasy combat, open-world gameplay and decentralized finance. Illuvium was conceived of as a truly decentralized organization, redistributing all game revenue back to stakeholders.

A top-tier Web3 game (much like its traditional equivalent) may require millions of dollars and years to reach full development. However, a game needn’t be complex to attract a sizable user base. Existing gaming companies can incorporate blockchain features (token or NFT rewards) into their current games. In addition, as another approach, companies of many kinds may benefit from buying advertising in popular metaverse and gaming worlds.

Web3 content creation across genres and mediums

Blockchain projects continue to innovate and experiment in a number of industries and formats. Content creation, film and gaming are all seeing new Web3 entrants. As Web2 companies pick up steam, it will be a race to see whether a Web3 company can become the next Netflix, or if Netflix will be the one to dominate Web3.

Former CMO at a number of L1 blockchain projects. He is currently a Columbia University Lab to Market Blockchain Accelerator Advisor.

This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph.

Learn more about Cointelegraph Innovation Circle and see if you qualify to join

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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