Blockchain and Web3 technologies aim to give people the ability to exert more ownership over their content on the internet. For artists and creators, this could actually make it easier for them to profit from their work.

On Yahoo Finance’s Financial Freestyle podcast, Chris Lyons, president of Web3 Media at a16z crypto, Andreessen Horowitz’s venture capital crypto fund, broke down blockchain’s eventual integration into everyday life and how this shift can actually make creating content online more profitable.

“You're going to start to see brand new social networks that are going to come out where you can actually have 100% ownership of your followers,” he said.