Since last week, I’ve been busy with my Metamask
wallet supporting a number of projects.
I bought a Dirty NFT to fund a newsletter (94/100 sold)
With this crowdfund, we’re pioneering a way to fund media through NFTs, with a newsletter built on social tokens and NFT sales.
The total 10 ETH goal will provide funding for Dirt’s first season of content, including writing, editing, freelancers, marketing, and NFT art
Think of the token like a membership card or a magazine subscription: It’s another form of content.
And the coolest bit:
Funders will be able to contribute to the success of the project and will be encouraged to participate, give feedback, grow the email list, write for the publication, etc.
That’s true community building.
When I was scaling my paid substack
(exited), I had to hire a writer/editor, podcast producer and deals analyst out of the cashflow of the publication. This meant I had very little paid marketing budget.
Using NFTs and social tokens is a much better way to scale.
If only I knew this was an option back then.
There is already a trend away from Web 2.0 platforms such as Substack to Web 3.0 such as Mirror. Kyle states:
On Mirror, I’ll develop approaches for integrating NFTs into editorial and creating a connection between NFTs and storytelling, with the goal of eventually moving the entire project onto Mirror. Traditional paywalls will be avoided in favor of patronage and crowdfunding.
Supporters of crowdfunding writing with NFTs
are actually able to cash out their portion of ETH held by the contract whenever they choose by simply hitting the Redeem
button on the page on Mirror they backed the project.