We know that it can be very challenging to understand what can be done with all those buzzwords like NFT, Defi-Applications, and DAOs. This is why we provide plenty of guides that help you on this journey!
https://www.loom.com/share/8a29eebf75d541cdb86ff5d48a8aed03?t=0
Prior to the year 2000, the internet was considered a “read-only” experience. It was primarily used to dial-up static web pages to consume information.
In Web 2 creators monetize their work via a SaaS model, where they’re paid for a newsletter, artwork, or craft on a regular basis
<aside> 🚧 Platforms like YouTube can often offer false hope to content creators who want to make money from their work. If you are not paying for a product, you are usually the product.
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<aside> ✅ In Web 3.0, creators monetize through the issuance of a social token or NFTs, with non-fungible tokens acting as digital media ownership.
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It's crucial that our digital identity, data, and intelligence are owned by communities, not corporations. NFTs built on decentralized ledgers are the building bricks that enable the open, inclusive Metaverse to exist.
<aside> 🛠 Smart Contracts are the secret sauce to making this new model work. The creator of the NFT can for example profit from every sale of his artwork and generate recurring revenues. Also, the marketplace owner will be able to set a listing fee.
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This fee will be taken from the seller and transferred to the contract owner upon completion of any sale, enabling the owner of the marketplace to earn recurring revenue from any sale transacted in the marketplace.
Before you can understand the benefits of Web3, you have to understand the language. Here are some helpful terms: ‣
<aside> 🌐 A decentralized internet puts control into the hands of creators, users, and communities!
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