Rewarding Ecosystem Enables Monetizing Passion in Web3 | Opinion
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We are nearly halfway through what’s being called a problematic year for Big Tech. Threats of TikTok bans, headlines reporting Facebook data breaches (again), news of Big Tech platforms colluding to trade and sell user’s data to one another (again)… the list goes on. However, the latest earnings report from the most prominent tech platforms suggests the opposite.
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Fueled by the rise of user engagement and brand adverts, Big Tech’s top five have posted profits upwards of $100 billion. Unfortunately for the creators using these platforms, less than 0.5% are estimated to be earning decent revenue for their contributions and regular engagement, earning less than $10 million collectively. Compare this figure to the hundreds of billions that Big Tech is racking in, and we see how broken the c
