Today, as the integration of culture and economy is getting higher and higher, culture, as a form of capital, is gradually recognized by people. The connotation of culture and its rich forms of expression not only enrich people's social life but also create various new spiritual fields. The dynamic generation process of cultural development will also drive economic and technological innovation.
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Exploration of social resources and cultural capital in the field of encryption
Social resources can only become capital under certain conditions.
Capital (including cultural capital) is always formed within a certain social space. Certain cultural resources, whether they are cultural practices or cultural products, can become rare resources under certain social and historical conditions, and become the object of competition between different social subjects and social classes, and the possession of such resources can obtain certain material and cultural resources. Symbolic profit. In this case, cultural resources become cultural capital.
Cultural capital can be embodied in a variety of fields. For example, clothing culture, entertainment culture, collectibles culture, etc. They can all be converted into financial capital and give it value. For example, the popular blind box series Bubble Mart, clothes worn by celebrities, limited editions of a certain brand, and tickets for a certain concert.
Cultural capital has also been exploring in the encryption field, and NFT illustrates this point well. However, innovators seem dissatisfied with only presenting cultural capital on NFT. Recently, a new form has gradually entered our field of vision—that is, using social resources to create an exclusive digital economy.
The power of social platforms is huge. Many of our social behaviors are inseparable from social networking. Social networking not only connects individuals, but also connects different media forms of culture. People spend an average of 2-3 hours on social platforms every day, and funny, innovative and fresh content catches the attention of users. Through social platforms, people with the same preferences and opinions will gather together to form a community, and each community will form its own cultural content, which will continue to attract new fans and form a strong community. Projects such as Rally and Bitclout also took a fancy to this huge group and made innovations.
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Each creator token is a form of medium
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speculation? value? What does Creator Token bring to the table?
What are the use cases for Creator Tokens? It doesn't seem very clear at the moment. Heat, FOMO, and speculation seem to describe Creator Tokens the most. But what is certain is that blockchain technology brings many benefits to the creator economy:
1. Reduce platform censorship
Creator tokens build economies that are platform-agnostic and censorship-free. This way creators can migrate to new platforms without much financial loss.
2. No platform rent
Most current video and social media platforms take fees from creators' earnings. But by using Creator Tokens, creators no longer need to be charged platform rent, and fans no longer need to pay to support their favorite creators.
3. Sharing economy with fans
Using Creator Tokens, creators can build a community of supporters, which is controlled by backers and supported by the creator. While a creator's reputation and community drive the fundamental value of a creator's token, fans (or token holders) can also control, manage, and contribute to that creator's economy.
The emergence of a new field will certainly be questioned at first, but blockchain and Web 3.0 offer a lot of support for the creator economy. From the current point of view, innovation on social platforms is a new breakthrough point, but the future development depends on the strength of the project itself and the development of the ecology in this field.
