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Today, we will examine how Web3 is shaping online media, entertainment, and the creator economy.

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• 👓 Metaverse & the Web3 Tools that Empower Creator Economy
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• 📣 Audio-Based Content Economy

Section 1: Key Market Trends

(1) Superfan economy:

• Entertainment companies are adopting a fan-first approach to increase fan engagement, interaction, and retention. “Proof of support” is becoming a mechanism for fan rewards.
• Fanzee closed $2 Million in funding to reward sports fans for completing quizzes and challenges through digital collectibles.
• Fanbase is a platform that allows artists to reward fans who show their support.
• Fave rewards followers who perform “superfans” activities such as social posting, music streaming, attending concerts, etc.

(2) It pays to be a listener:

• Companies are exploring ways to reward music or podcast listeners via listen-to-earn mechanism.
• Fountain pays you when you listen to podcasts, promoted ads, and create clipped content.
• Decibel is piggybacking on social audio apps (e.g. Clubhouse, Twitter Spaces, Discord, Telegram, Spotify Greenroom, Meta) by rewarding users for room listening, speaking, and moderating.
• Current Media lets you earn while playing your favorite music. Users can spend those points on shopping and gift cards.
• RadioEarn pays users who play a radio link. Rewards will be converted into USD, Amazon Gift Cards, or Bitcoin (BTC).

(3) More earning opportunities for musicians: