'The Effect of Blockchain Technology on Content Creation' by juxtathinka blockchain blockchaintechnology
The blockchain is an unchangeable, decentralized and distributed ledger that contains data shared in a publicly accessible network. On this digital record, copies of the different transactions are available for everyone to see without the interference of a bank or any other central governing authority. The blockchain gives content creators digital IDs that can be verified, reducing piracy of digital content.
The blockchain helps ensure public access to transactions, and at the same time, the integrity of documents is also preserved because no single person can change the data available on the blockchain. There is transparency in the network as records of ownership of digital assets are open for everyone to see. The blockchain network provides an honest system that makes it adoptable across multiple industries from healthcare to education and content creation.
Content creators do not have full control over their content. The top-level platforms may advertise content posted by original creators, taking a large percentage of the earnings. There is also the problem of imbalance in revenue distribution. At the top-level, on platforms like, only the top creators earn money. The creators with lower followings can barely afford to pay their bills and in most cases, they stop creating content.
The best part of it is that content creators can connect directly with their audiences and build communities. The contributions from these virtual communities provide useful guides for the creation of relevant content. The content created can be monetized in the form of content creator tokens: for example, a $FENTY token released by Rihanna for her fans to buy.
These communities are given privileges like free concert tickets and voting rights for decision-making on the type of content to be created. This results in the creation of content more relevant to the users. Content creators are also launching their own tokens and NFTs: this is a way to create awareness about their brands and get the bag.
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