My goal is to provide comprehensive education on the decentralized payment structure of ENS, enabling Content Creators to take advantage of this technology. By combining the peer-to-peer nature of the Ethereum Blockchain, and combining it with a “human readable address,” such as ENS, we create a new type of decentralized Creator Economy. A phrase I coined “Fan-to-Creator.”
Tip culture is HUGE on social media platforms. Current tipping and support structures found on platforms such as TikTok have a large, centralized Creator Economy. Creators that go "live" during a live-stream event can be tipped "gifts" that can be exchanged for fiat currency, but the catch is TikTok takes a 50% commission fee! Take another popular service, Patreon, that takes anywhere from 5%-12% commission fee to use their subscription based platform. By utilizing the Ethereum Network and ENS, we have a seamless way for creators to be tipped in a safe, secure and decentralized way with no hidden fees or trusted third parties.
My objective is to leverage my platform (fyp.eth) to educate and facilitate the on-boarding of Content Creators, empowering them to capitalize on the emerging paradigm shift in the Web3 Creator Economy. I plan to provide a blueprint for how Creators of all backgrounds can take control over their audience and generate new revenue streams via ENS-based decentralized tipping and support systems. By showcasing the benefits and potential of this innovative technology, I aim to not only educate Creators on its use, but also encourage broader adoption of ENS within the Creator Economy. Ultimately, I envision a future where the "Fan-to-Creator" payment model, made possible through ENS and blockchain technology, becomes the norm for content creators ushering in a new era of decentralization, transparency, and financial independence in the Creator Economy.