SINGAPORE / HONG KONG (ACN Newswire) -
There's a lot going on in the creator universe right now. From immersive ways of connecting through Virtual Reality and Web 3.0, to innovative forms of monetization such as social tokens and NFTs, there's been an explosion of new ways to create and engage. The influencer rule-book has been thrown out the window and creator pioneers are setting a new course for the future of the creator economy.
It's about time. Despite all of the innovation happening within the social media ecosystem, it's been iterative up until now, building on existing infrastructure. Platforms define the experience: from the architecture of the site and the content format, to the community interaction and monetization aspects.
As a result, creators have had very little say. Despite the growing variety of social media companies out there to choose from, Big Tech still wields the power, the captive audience, and the technology. It's an unbalanced relationship, one in which creators and their communities end up shortchanged. Creators are obliged to create content that will be successful within the confines of traditional revenue models. In addition, they have no real ownership of the community they are building. If the platform goes down or they lose access, those connections with fans would disappear. But as emerging tech starts enabling a more decentralized form of internet, influencers are finding ways to design their own financial blueprints and safeguard their communities in this new world.
What's driving this evolution?
In short, Web 3.0. Whereas the current internet ecosystem relies on the centralization of data, stored and owned by large companies, Web 3.0 is characterized by a decentralized internet where data is distributed across users, bringing about a fundamental shift in the power balance.
The decentralized technology behind cryptocurrencies is also playing a part in creators taking a more active role in shaping the next generation of the creator economy. How? In the same way that blockchain empowers new forms of digital finance, reducing the need for centralized intermediaries like banks, similar technologies are removing social media's gatekeepers, allowing creators to build direct relationships with their communities.
Naturally, we believe it should be creatives who will conceptualize this new world. At Unite.io, we're harnessing the energy of the creator community and developing new ways for influencers to connect with their fans within this emerging ecosystem.
Let the creators create!
There are limitless ways to interact. For example, imagine being able to mint your own creator coins for fans to purchase. Not only are these digital coins collectibles, they can also unlock access to exclusive video content or real-world meet-and-greets. Or what about limited-edition NFTs connected to album launches or live concerts funded through the sale of tokens.
Crucially, a decentralized ecosystem allows creators to unlock the true value of their work. This frees them from the ad-based income streams dictated by current social media platforms and allows them to build their own digital economies. Fans are directly empowering their favorite people through the purchase of coins and NFTs, with no middlemen taking a cut.
Change is coming, but we know it's not going to happen overnight. Creators need approaches that work with their current set-ups while also providing them with an opportunity to test the waters of the decentralized future. Unite.io is built specifically for the creative community in mind. It's accessible to all creators, whatever their background. It requires no crypto experience and works in synergy with the existing social media platforms that currently power creators' communities.
It's clear that there needs to be a paradigm shift in the platform-creator relationship. Creative communities don't want to be restricted by the boundaries of yesterday's digital ecosystem. They want the freedom to innovate at the pace of the emerging tech around them, and play an active role in shaping the next generation of creator economy. At Unite.io, we're partnering with some of the most innovative talents in Asia to help build new forms of community within this ecosystem. So why not come onboard?
Next-gen creator economy
It's never been a more exciting time to be a creator. Digital platforms are constantly delivering new formats for creatives, new ways of engaging their communities and new ways to build audiences. This innovation is proving popular. Users highly value creator content and are increasingly happy to pay for subscriptions so that they can support the influencers who inspire them.
There's something for everyone, especially in Asia where creators are getting a huge amount of traction thanks to young and digitally native audiences. From big-name musicians to esports celebrities, we're seeing vibrant ecosystems growing across the region, giving creators the chance to earn a living out of their passions.
The creator economy in its current form has delivered amazing experiences to creators and their fans, however it has its limitations. Despite the last decade of rapid digital innovation, creators are still struggling to fully unlock the value of their communities through existing monetization models. This is especially true in Asia, where paid subscription rates are typically lower than in the US. Social platforms take cuts, walled gardens limit community consolidation, and a lot of the time, what works in one part of the world doesn't work as well elsewhere.
In short, digital platforms are fantastic at helping creators grow and engage their audiences, but stop short when it comes to taking communities to the next level.
We need to build the next generation of the creator economy. One where creators have more flexibility to innovate once they've built their loyal fanbase. Where they can engage directly with their users and have control over their earnings. And fans want to go deeper too - they're calling for new and exciting ways to get closer to their favorite influencers, directly support them, and develop meaningful communities where everyone can celebrate their success.
Let's Unite
At Unite.io, we want to revolutionize the creator ecosystem, putting power into the hands of creative communities for the first time. We want creators and their fans to unite to design next gen engagement and believe they should be the ones reaping the benefits.
Our platform leverages the decentralized technology that supports cryptocurrencies. This gives creators unbridled access to new forms of direct engagement and monetization so that they can build their own digital economies. What do we mean by this? Think creator coins that give owners VIP access, exclusive content that is accessible to top token-holders, unique digital merchandise that users can buy and trade. We want to unleash the potential of creators so that they can build their communities their way.
But not everyone is a crypto expert, which is why Unite.io is designed to support any creator interested in building their own digital economy, no experience required. We also work in synergy with existing platforms, so creators don't have to leave the channels that have driven their success. They can still engage with their fans in the present, but with an eye on how to evolve their community for the future.
Unite.io empowers ownership:
- Revenue ownership: unlike with existing platforms, a creators' revenue model is not dictated by the platform and is not dependent on ads or sponsorship. Instead, Unite.io allows creators to mint their own creator coins;
- Content ownership: creators' work exists independently of platforms and is therefore not tied to that platform's success;
- Community ownership: creators can build direct relationships with fans through new ways of interaction.
We believe decentralized technology is opening up new ways for creatives to build independence and level up. By transferring control and decision-making from existing centralized digital platforms to a distributed network within the creator community, Unite.io gives creators a more equitable income while protecting ownership rights at the same time.
Unite.io is working hand in hand with our launching partners in Asia to push the boundaries of digital engagement. Our team will partner with creators in the region to develop successful use-cases for coins. There's more coming in the near future as we gear up to launch new projects with some of Asia's most exciting creatives.
How do we do it?
Unite.io is built on the RLY Network, an open, decentralized network powered by $RLY, its native ERC-20 governance token. Our network uses a sidechain of Ethereum that supports an ecosystem of consumer crypto applications with the goal of driving the next 100 million users into crypto. The first app, Rally.io, launched last year, with a similar mission for U.S. creators. Out of 212 creators, more than 74% have built six-figure token economies with their communities and 5 have built token economies worth more than $1M USD. The early success of Rally.io in the US shows the need and promise of Unite.io in Asia.
Industry: Crypto, Exchange
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Blockchain Technology
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NFTs