Papyrus and web3: building better tools for the future of the creator economy

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2022-01-15 05:30:05

We’ve built a platform that lets creators write content, create paid newsletters, and build a community. We’ve helped thousands of writers connect with tens of thousands of readers since we’ve launched.

Over the years, advances in technology have unlocked new methods of producing and monetizing digital content - from crowdfunding companies like Patreon to digital subscription services like Spotify, there’s been a consistent stream of disruptive technology that enables new forms of monetization and growth for creators.

Today, we at Papyrus believe that web3 and NFTs will continue the trend of disruption, fundamentally changing how creators can provide utility, foster relationships, and build wealth alongside their audience.

We’re at the start of a broad shift from the creator economy to the ownership economy - creators will no longer simply produce content and hand it off to a platform to monetize as they see fit; instead, the creator and their audience will have ownership and stake in these creations, as well as ownership in the user-run platforms where these creations exist.

Web3 introduces mechanics that are fundamentally changing how this process works. Digital scarcity via NFTs, utility via social tokens, community ownership via DAOs, and economic growth incentives via royalties are just a handful of example of the technological shift.