In the midst of what’s been a stormy year for Big Tech, there is a ray of hope for content creators. In contrast, TikTok bans and Facebook data leaks have catapulted most tech giants into record-breaking success while the creators pocket, a little, of the profit. Still, the tides are changing.
The creator economy is expected to be twice its current size in four years, offering a bright future for creators all over the world. Despite this, what is a very obvious problem is the unfair distribution of revenues between Internet companies and content creators. Although the situation is quite asymmetric, an employable minority gets prosperous, and a huge majority of contributors have no way to gain a decent income.
But there’s optimism brewing. Web3, the next era of the internet, is a possible solution to this imbalance. The usage of decentralized platforms can let creators raise the community, that would be loyal to them, and find different ways to extract money from their content.
The social networking aspect of Web3 SocialFi platforms is the most revolutionary. Indeed, by establishing ownership through token-gated access and linking token value to a creator’s digital equity, these platforms create a rewarding environment where every interaction contributes to the value-creation process. The move towards a decentralized paradigm ensures that creators can sever ties with brand partnerships and develop a community centered around themselves.
The recent boom of web3-driven artists, in the wake of crypto-currencies like Bitcoin becoming a popular option, reflects the increasing level of interest in distributed systems. Designers are using different platforms to teach the public about the advantages of web3 and cryptocurrency, thus opening the door for a more inclusive and rewarding creator economy.
As compared to their predecessors, tokenized platforms are two-way engagement models in which fans can engage and actively participate in a creator’s success by being rewarded for their loyalty. Nevertheless, the maintenance of a fair reward system and disclosure of the entire process is of vital importance to ensure the long life of these platforms.
In the web3 era, social earnings come into a different meaning, giving the creators and their followers more financial freedom and opportunities for growth. With the landscape changing constantly, the innovators who put creator autonomy and user engagement at the core of the concept are the ones who will decide how content monetization will look in the future.
Is This the End of the Dollar? Robert Kiyosaki on BRICS Crypto Threat
Robert Kiyosaki, the well-known author and financial expert has come up with an alarming message for U.S bucks as he sees the specter of the development of a gold-covered cryptocurrency, which is being planned by the BRICS economic group. Kiyosaki foretells a state of affairs where if the introduction of this type of cryptocurrency comes about it may cause abruptly enormous inflation in the United States of America which may in the end lead to a collapse of the US dollar.
In a recent statement, Kiyosaki gave the impression that he was concerned about the plans of the BRICS countries, Russia, India, China, and South Africa to introduce a cryptocurrency backed by gold. He stressed the possibility, of as much as trillions of dollars, flowing back to the country if it was a cryptocurrency that was going to take place, which would mean, the value of the dollar would fall.
The wealthiest Kiyosaki, whose best-seller – “Rich Dad Poor Dad” – has sold more than ten million copies globally, advocated hedging against the collapse of the dollar as the collapse of the dollar using bitcoin or owning any other material asset like gold and silver as such will give the investors an idea on how the problem can be solved.
The BRICS economic group was about to introduce a new common currency, the rumors were saying, backed by gold. Its debate, however, has been fading off with some leaning more towards building internal currencies in exchange for commodities to reduce the use of the US dollar. In this instance, Kiyosaki still feels the threat of the US dollar, although, this situation will not occur if the BRICS nations will bring out the gold-backed cryptocurrency.
The Kiyosaki’s warnings regarding the U. S dollar are not new. He has continually emphasized the need for investments in alternative assets such as bitcoin, gold, and silver, to protect not only people but also other forms of exchange from the devaluation of fiat currencies, for example, the dollar. In March, Kiyosaki addressed the issue again, supporting the fact that Bitcoin is the “best asset from the right time” in the midst of economic uncertainty that has been increasing.
Even though the discussions on the BRICS currency have faded, Kiyosaki’s warning still serves as a reminder of the risks that exist in the world of fiat currencies and the necessity of diversification to protect one’s investments from possible losses. Amidst the foreboding cloud over the status of the US dollar, savvy investors could be on board with the Kiyosaki support traveling in the same direction and see the opportunity of investing in other asset classes for the security and preservation of wealth.
Who Can You Trust in Crypto? Deepfakes Target Investors with Fake Elon Musk Endorsement
Hong Kong officials have published a warning about a crypto fraud committed through deepfake videos of Elon Musk impersonating investors. The scheme, held up by a group called Quantum AI or AI Quantum, claimed to have Musk as its major developer of a supercomputer that engaged in cryptocurrency trading.
Deepfakes, a technology that uses artificial intelligence to make a person look like someone else in videos or audio clips, are now being used by scammers to cheat people. In this instance, pretenders employed such a technology as a deepfake video of Musk to add a sense of credibility to their fraudulent plot.
The cons involved registering fake domains and pages on social networks as well as establishing a pseudo-news” information source to spread untrue news about the project. The victims were made to think that Musk was being actively involved in the development of the technology, which in turn increased the scam’s credibility.
The operation of the fraud in Hong Kong was quickly suppressed by the authorities which blocked all the fraudulent websites and the social media pages which were linked to the hoax. Nevertheless, this episode is only a part of the overall picture, because, of course, scammers have already created deepfakes of Musk to execute similar deceptions.
The prevalence of deepfake technology in scams emphasizes the need for prudence and caution when it comes to investing in cryptocurrencies or conducting online transactions. Investors, in particular, should be skeptical about schemes that are being advertised by a celebrity and involve involvement by well-known individuals such as Elon Musk. Most of the time, these schemes are very attractive as they are based on just high returns with little to no risk.
This warning acts as a warning to remain conscious and cautious of the online investment opportunities which mostly include schemes that have employed methods of deceit like deepfake videos. By being aware of the latest information and acting with prudence, people can avoid being the victims of financial fraud and fraudulent schemes.
