Chapter
The Efficiency of NFTs and Pay-to-Repost
34:57 - 41:38 (06:40)
The use of NFTs and pay-to-repost models can be more efficient than the traditional model, and by allowing a percentage of that to flow to the coins, it can unbundle the equity of a company into each creator's coin, benefiting the fans or holders. Diesel offers a percentage that acts as a creator coin or coin holder royalty, allowing users to access the platform to post and use the same features available on traditional social networks.
Clips
Despite the possibilities of decentralizing social networks, it is unlikely that most people will switch from the default app due to their inherent laziness.
34:57 - 36:22 (01:24)
Summary
Despite the possibilities of decentralizing social networks, it is unlikely that most people will switch from the default app due to their inherent laziness. The question remains on how to incentivize users to switch to a new app that provides added value.
ChapterThe Efficiency of NFTs and Pay-to-Repost
EpisodeThe Next Big Social Media Network Will Be On the Blockchain. Nader Al-Naji Tells Us Why.
PodcastMy First Million
The rise of blockchain has opened doors to new and more efficient ways for creators to make money.
36:22 - 41:38 (05:16)
Summary
The rise of blockchain has opened doors to new and more efficient ways for creators to make money. NFTs and creator coins have given fans a way to invest in and support their favorite creators while allowing creators to monetize their work without relying on traditional revenue streams.