1/🧵
#web3 is changing everything. This is a continuation of what already started. We are seeing the media world moving in the direction of decentralization. This was shown within the news industry.
1/🧵
#web3 is changing everything. This is a continuation of what already started. We are seeing the media world moving in the direction of decentralization. This was shown within the news industry.
3/ #technology is providing individuals with the tools that were reserved only for the largest companies in the past. Now we are seeing the decentralization of content creation along with distribution.
For full article:
https://leofinance.io/posts/taskmaster4450/the-decentralizing-of-media-including-hollywood-the-death-of-intermediaries
2/ Could this be happening within the sports media? Shannon Sharpe is leaving Undisputed. Will he end up with another major network? Nobody knows but he does have over 1M followers on YouTube. Hence he has options.
4/ Sadly most are missing what is taking place. Web3 is only going to take it to another level. This adds in tokenization in a way that did not exist before. This is going to change who is attracted and makes a living off this shift.
5/ By the end of the decade, we could look at the major media companies and movie studios in the same way as retailers. Few saw the retail apocalypse coming yet the carnage is obvious. Will we see that within the entertainment realm?
6/ The merging of media (social) and finance is more powerful than people realize. This is the essence of Web3. It is going to change everything. Are you getting on board?
It’s possible. An artist has so many fans, so they can capitalise on this creating community, giving them fan tokens. Then selling their music as NFT. #web3 power!!
#Web3 attempts to redesign the Internet as a more transparent, secure, and decentralized entity using tools like blockchain technology and Distributed Autonomous Organizations (DAOs).
Media and finance are being linked way more. It amazes me to see how many people fall for the pump and dumps. I feel that the entertainment realm is already in danger due to things like Youtube or Twitter.