Web 3.0, The New Creator Economy, Take ownership and make the Big Bucks!
The digital trees are literally growing money. it's time for the individual to make REAL money.
If you are a business on the internet, your business model will already sit into one of these three spaces:
Free model
Renting model
Owner Model.
And each of these models has their supporting revenue stream that supplements it:
Free = Advertising.
Renting = Subscriptions
Owner = Non-fungible tokens (NFTs)
As we move from Web 2.0 to Web 3.0 the world around us is changing. The ‘disruption’ is creating pockets and spaces that the financial institutions and traditional businesses use to have covered and owned solely - the market was oversaturated.
What Web 3.0 means, is that the gatekeepers can no longer control the gates. They are weakened because the landscape has changed - think of the city of Rome but after an earthquake.
The once impenetrable fortress of the corporate world, education world, and arts and entertainment world are now wide open! And If you observe well or trust in yourself, there is STUPID! money to be made. The era of the 21st century we are in is similar to that of what Baby boomers were in, a period of ‘prosperity’, this is the new ‘gold’ rush era, the new property acquisition era, in which, you can buy cheap and sell high, or create for free and become instantly ‘successful’. The digital trees are literally growing money.
Remember when your parents could buy houses for £5,000 with only one paycheque at a 110% mortgage availability? This is where we are now. BUT! the space is an ‘if you know, you know’ type of thing. It’s only available for those in the ‘know’ you know/? Who doesn’t love the exclusivity?
“If you know, you know”
Are you in the know? Or do you want to be in the know? The best time to start learning a craft or technology is when it doesn't quite work yet. Think about this concept…Everything that is created on the earth, there is and/or will be a digital version made.
Uber is nothing more than a cab receptionist.
Google is nothing more than a librarian
Spotify is nothing more than a DJ.
All of these human-based services have all been DIGITISED. They are hanging in there. Digitalisation is not stealing your craft, it is the system that makes you want to do better, smart work will allow it to amplify its platform for your benefit.
Uber reduced the prejudiced problem, for both the driver and the rider. Made it ‘safer’ for women to travel at night and made the fare split issue easier.
Google organised information and provided a level of access to those who didn’t have the time and/or the resources to learn new things.
Spotify made music discoverability easier, whilst revitalising the music industry and provided independence to artists that want their craft to be heard.
So what does this mean? and what is Web 1, 2 & 3?
Web 1.0: Global Library - Existing information gathered into a single database
Result: Brick and mortar libraries disrupted.
Web 2.0: Global Publishing - Individuals gained the ability to create information in a global database.
Result: Companies like Facebook and Google monetised our data.
Web 3.0: Global DataBank - Individuals have the potential to monetise their own data.
Analysis: Cryptocurrencies and blockchain laid the foundations of the databank
WE. ARE. NOW. WEB 3.0! - The independent creator’s economy
Web 3.0 means that new technologies and crafts will monetise your life instantly. From the comfort of your own home or whilst you are on the go, the institutions that once controlled your every move needs to figure something new out to regain control and between now and then… The new world is raining gold, the digital trees are growing money and you have the ability to make a run to be financially free!
So What’s next?
Here is a list of 15 new (ripe) markets and spaces that Web 3.0 has created that will make you GREAT money and will eat industries over the next 3 decades:
Deep Learning (AI)
Virtual Worlds (Gaming and AR/VR)
Digital Wallets
Bitcoin Fundamentals - Cryptocurrency / NFTs
Cryptocurrency preparing for Institutions - FinTech/ Decentralised Finance (DeFi)
Electric Vehicles (EVs)
Automation
Autonomous Ride-Hailing
Delivery Drones
Orbital Aerospace
3D Printing
Medical Screening.
Cell and Gene Therapy 2.0
The Reinvention of the Data Center
Long read sequencing (DNA development)
The great thing about this is, once you get an understanding of the market of any of these markers above, ones that take your interest, you can look into the roles and/or services that can make a lucrative life for you. Your current knowledge and craft will merely need an ‘up top’ to how they work but it’s nothing worth worrying about.
Example: AI and machine learning has created algorithms that suggest (new) songs to you, as the listener, -in seconds - that a DJ would’ve spent hours curating playlists for the perfect mood. Whilst the hours of curating has been reduced, the value add is that the DJ can sharpen up their communication and hosting skills. Making the ‘experience’ for the listener greater. We will get to experience more human interactions and create moments and leave the ‘hard’, ‘repetitive’ and for the majority low impacting efforts in our day to day.
Discovery
As I am roaming this new world of NFTS, Blockchain and Decentralisation, I will definitely feedback and document what I can for my community, I am on a new path of exploration that will create something that is beyond me.
As some of you are aware, I am on a mission to improve social equity within the lower socioeconomic landscape, as well as, people who grew up similar to the community I was raised in.
If you like these posts and/or have further questions, please do let me know.
You can follow me on:
Twitter: @BnBeckford
Instagram: @B.eckford
I am always here to help, thank you for reading!
Yours Truly
Beckford