It has by no means been simpler to create — and that is mirrored in 50 million creators attempting to earn a residing from their work — however the majority are struggling as solely 2% of creators are incomes revenue above minimal wages.
What all creators have are their very own superfans that create content material. Yes, that’s proper – The flip aspect of being a creator is what makes a creator within the first place: Their followers.
Today, fan content material already outnumbers authentic content material. There are 75 million followers creating by-product works and fan artwork, making a whopping 7.5 billion fan content material consisting of pictures, movies, stay streams, and feedback.
However, most generated content material is trapped in lifeless ends. This content material is ‘forgotten’, stays unmonetized, and will not be used as a distribution driver. That is a large missed alternative. This is true for video, the place although video accounts for over 85% of web visitors, video remains to be constrained to linear passive broadcasts and distribution fashions that lock out many creators and their followers.
The Sagaverse project’s founders spoke to content material creators and communities to determine the very best options to clear up these issues. What’s wanted now, is the power to unleash new types of video experiences, whereas pretty compensating for fandom, group, and participation.
Let us present you ways Sagaverse empowers possession, attribution, and lifetime passive revenue.
Key Points of Sagaverse
Sagaverse, an engine and protocol for web3 social media, makes it simple for creators and followers to come collectively to co-create, co-monetize and co-distribute.
Sagaverse is growing a cross-platform app that acts as a user-facing front-end for a wealthy media participant and integrates a brand new method to co-creation powered by by-product content material monetization and numerous social options.
Bringing creators and followers collectively, Sagaverse makes it attainable for creators to activate followers and their content material, bringing them limitless advantages.
For creators, there’s nothing extra highly effective than a fan and what followers crave most is significant interplay and connection. Just think about the better community results that may very well be realized if creators and followers got the facility to purchase in.
Central to Sagaverse is its blockchain-powered manifest ensures attribution and licensing data is carried alongside and phrases are at all times honored. The protocol consists of two important elements:
- Rich Media Manifest for composing, distributing, and recomposing tokenized belongings whereas retaining attribution, licensing data, and no duplication of belongings
- Media Engine merging creation and consumption of interactive visible belongings (2D, 3D, Programmable, Audio)
Possibilities for Creators and Fans
Content on Sagaverse is named a Saga. Sagas are all about collaborative play and creation.
At the guts of Sagaverse is a wealthy media participant designed for next-generation visible media together with interactive and augmented video. We know that that is the subsequent content material format folks will love and need of their lives.
Combining this media participant and manifest brings co-creation and attribution collectively, encouraging new wealthy media experiences by means of:
A 3D artist can create a 3D character and enable 3D animators to animate it, add video filters, AR video games, customized emoji packs, and so on. Every time the character is utilized by different artists or followers, the 3D artist who created the preliminary character receives rewards or royalties. Besides, creators can mint video NFTs and make them remixable by others, receiving royalties when consumed.
Creators and artists can unite and create advertisements, and then when advertisers use these advertisements, the co-creators obtain royalties for his or her work
Besides, creators can cooperate with their followers; thus, they will make co-own augmented video NFTs, which Sagaverse calls Rich Media.
A second, a like, a remark, a remix, a collaboration – every little thing counts and generates worth.
What Kind Of Content is Sagaverse Meant for?
Current enterprise fashions on Web2 platforms are unsuitable for the brand new expectations of creators, prosumers, and followers.
Artists who centered on interactivity didn’t have a spot in Web2, however now the world is asking for his or her content material. Sagaverse builders created the platform for artists who create content material that calls for interactivity, equivalent to video with fast-moving content material (like sports activities), 3D artists, movement graphics artists, shader programmers, and builders that produce programmable content material. And an open wealthy media format to describe the content material like feedback, likes, response movies, remixes, and associated different content material.
Owning the Sagaverse token means proudly owning the way forward for creation. The token is utilized in all platform transactions and is backed by partial DAO possession of a rising content material library. Token demand comes from staking and platform transactions.
Monetizing is straightforward. Mint, personal, and receives a commission all from the Sagaverse cell app. Creators at all times hold 95% of the income they generate. Every time anybody engages with a Saga, house owners are rewarded by means of a Play to Earn mannequin that repeatedly pays out over the lifespan of the content material. Sagaverse’s blockchain protocol ensures attribution and licensing data is carried alongside and phrases are at all times honored.
Sagaverse permits anybody to help creators by means of content material staking. Anyone can make investments tokens earned or by buying extra Saga tokens. The extra by-product works, engagement, and transactions a Saga has, the extra tokens are distributed to its house owners and stakers. This incentivizes and rewards creators and followers to construct up the Sagaverse community by means of co-ownership, co-monetization, and co-distribution.
The Sagaverse DAO retains a 5% payment from all transactions for sustaining and rising the platform, and some half is allotted amongst creators relying on how their content material is consumed.
The first product launch of Sagaverse dApp is scheduled for a This fall 2022 launch, concentrating on short-form video Creators, eSports gamers, 3D artists, 3D animators, builders, and followers of Sagaverse’s future is an open protocol for tokenized wealthy media.
In late 2023 Sagaverse will open its protocol, permitting publishers to construct creation and consumption experiences and enabling publishers to construct and launch collaborative web3 media dApps.
While Web2 will not be sufficient for content material creators to make a residing, Web3 opens an in depth record of alternatives for each creators and followers, permitting each to cooperate, co-create and monetize.
The Sagaverse platform brings collectively short-form video Creators, eSports gamers, 3D artists, 3D animators, builders, and followers who create interactive movies and need to monetize their work.
Blockchain know-how permits distributing and recomposing of tokenized belongings whereas retaining attribution and licensing data.
Mobilizing communities to create, remix and monetize interactive and AR video
- Bringing your digital belongings to new audiences
- Enabling new income out of your digital belongings
- Creating with idols. Activate your group of followers to create, remix and monetize
All this incentivizes and rewards creators and followers to construct up the Sagaverse community by means of co-ownership, co-monetization, and co-distribution.
Their Mission is daring: Empower 1 billion creators and followers to co-create, generate revenue and thrive by means of creation and play with interactive visible content material.