Are NFTs a Sustainable Business Model for Creators Tokenizing Communities? | PART 1 of 3
Milk Road Radio (formerly Web3 Academy) - A podcast by Milk Road Radio
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Everyone is pushing to incorporate NFTs into their businesses/communities but are NFTs actually a sustainable business model for communities? In Part 1of this 3 part series we discuss what web2 communities are doing, ย the current Web3 community playbook as well as alternative business models for creators moving forward. ๐ค HELP US GROW ๐ค Subscribe to the Web3 Academy Podcast ๐ฅSUBSCRIBE TO THE WEB3 ACADEMY NEWSLETTER ๐ฅ: https://w3academy.io/?utm_source=anchor&utm_medium=audio ๐ Go down the Web3 Rabbit hole with our FREE Web3 Foundations Course: https://w3academy.io/web3-rabbit-hole-course/?utm_source=anchor&utm_medium=audio Guiding entrepreneurs, businesses and creators into web3. Together weโre exploring how to use NFTs, Crypto and Web3 to create thriving communities and build sustainable business models. โ FOLLOW US ON SOCIAL! โ ๐ Web3 Academy Twitter: https://twitter.com/web3academy_ ๐ Web3 Academy TikTok: https://www.tiktok.com/@web3academy?lang=en ๐ Web3 Academy Instagram: https://www.instagram.com/web3academy_/ ๐ YouTube: https://www.youtube.com/c/Web3Academy ๐ Kyle Reidhead: https://twitter.com/KyleReidhead ๐ Jay Hamilton: https://twitter.com/jaybird_nft Name: Kyle Reidhead Twitter: @kylereidhead - https://twitter.com/kylereidhead?lang=en โฑ TIME POINTS โฑ 0:00 - Intro 3:35 - NFTs for business and community 7:00 - The current NFT community playbook in web3 11:25 - The playbook to monetize digital communities in web2 16:59 - The current business models of NFT tokenized communities 18:37 - NFT royalties as a business model for tokenized communities 25:03 - Alternative business models for creators with NFT tokenized communities