Will WEB2's Adopt X's Kind Of Monetization?
Monetization seems to have leaped web2, a step forward into greatness as many dogged web2ers would call it.
It's always tricky when it comes to monetization, and irrespective of how some would berate web3 for not having that bleeding edge attraction that might cause retention.
it's important to understand that the concept of true ownership which is the main framework of Web3 is still not totally understood by the average jimmy that's happy to spam away and garner millions of impression for the stipulated monthly paycheck.
When it comes to monetization, it's important to understand that it's not monetization, until the common person can get paid for their data
No matter how sophisticated monetization gets on Web2, 70% to 80% are still not going to get anything. With X (Twitter), now agreeing to share their ad revenue.
I feel that it's progress and this is because, without the threat posed by Web3, certain steps to making people benefit from their data might still not be there.
While big businesses and brands will benefit from the popularity being given to them on web2, how about that individual typing away on their keypad, giving market information to big techs about how to tilt their advertising scheme what will be their benefit?
I'm not trying to say requirements for monetization are bad, but the sad truth is that there are people who will give their time, effort, and money in a bid to reach monetization, but they'll end up getting cut off anyway, nearly hitting the threshold, but never getting there anyway.
Saturating The Money: An Uphill Task
If monetization does not experience saturation or get to the common person while maintaining leniency in the requirements, people will only struggle in vain, and it'll be textbook "taking from the poor and giving to the rich" again.
Twitter has set a standard for the kind of monetization that Web2 should follow.
However it (web2) is not new to monetization, previously The model uses people's data to make lots of money, and while big techs like Google still take everything and never give back.
A Trend Has Begun
I feel that a time might come in the future when they (google) might be intimidated to follow the trend of monetization and give back in return, I don't know, but there's always a possibility.
Web2 might decide to futuristically adopt monetization of different forms with different kinds of terms and conditions, and one of them will. be limited to certain geographical locations. It's already happening.
I've worked in so many Web2 platforms and chased monetization, The sad truth is that even when you meet up to a certain standard, the effort you put in does not determine the amount you get and this is sadly because some places are deemed more value than other places when it comes to monetization.
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The hive concept of the proof of stake and proof of brain is one of the best means of monetization where anyone could earn irrespective to their influence
Totally true, I'd like to see web2 come up with something as unique as that, irreparable of how much they deem theirs to be better off.
I think it's unavoidable for the monetization that X does to spread further. People are more incentivized to be there when money is involved and more users tends to also mean more money due to the ads.
Well, of course people are more Incentivized to be there. But for me, it's an endless rat race of attempting to game the system, and One particular type of people are going to have a lion share of the money and resources.
Well, that will depend how real the monetization might be cause Twitter is setting the standard already and with personal research they revenue is all going to the big and well known companies. Just few of those who are really working hard get paid.
As long Twitter can build the genuinity of the monetization, it can serve as a culture to all web2 in a long run.
POV:
Like you've rightly said, some people still don't know the meaning of data ownership, so as long the web2 turn this monetization to a culture, the true meaning of data ownership and how you can always earn from all your content will be very visible. Why? Because the revenue from having power your content can never be compared to getting a little percentage.
Thanks for sharing, sir. I love your image
Hopefully, the X's process of sharing the ad revenue with its Users will be smooth and worthy.
Well, this is entirely different from what I analyzed, but then. Who knows
Do you think monetisation might cripple the ideal on web2
I read a post of @idksamad about x's monetization. There I found out even if we fulfil all the requirements fod being paid, we cannot get any money in our country because the methos x's uses to pay doesn’t work here.
That's crazy. So you still have to deal with the discrimination of geographical location. I think it's an important thing to actually consider when it comes to monetization. Although it started way back, I just feel it's not about to change anytime soon.
Very soon, people will no longer be interested in using platforms that they cannot make money from. Money is needed so the monetization of almost every platform is possible
I also think more web2 platforms will look more into monetization and see how they can offer it to their users in one form or another. For many to benefit from it, the barrier of entry will have to be lowered a bit more than X(Twitter). I think that could happen in the future but web3 is already leading the way in that aspect.
I don't see X lowering their barrier of entry. If for anything, I see them tightening their terms and conditions because a lot of people will be aiming to game the system and also the barrier of earning difference from geographical location as well. I think It'll get tougher if you ask me.
Right. They will opt to increase the barrier of entry when they see that more people are gaming the system. I think geographically, almost half of the world will be at a disadvantage with web2 monetization, especially on income disparity. Unless these platforms are incentivized to roll it out to other countries, which would probably not happen any time soon.
I often found the discrepancy in online earning options between geographical areas insulting (although life expenses are different too, but that's not why the discrepancies were introduced). Maybe crypto won't go this route. But Web2, they will most likely continue doing that, because that's what advertisers want.
I think the discrepancy and difference in earning option due to geographical locations is uncalled for, it's not something that should be happening. However, it's been like this with web, and it's likely to actually continue. You're right that expenses can differ, but the difference creates a huge gulf. There's no way it's the same with web3, crypto or even Hive.
Hope x is paying Nigerians too because facebook deprived Nigerians the ability to earn even though they are the invariably the most creatives on that app.
A lot of people were very happy when x announced it's monetization. Someone even suggested to quit his job, spend 8k on blue badge then sleep on x taking 30 minutes break every three hours in so doing in 6 months he will buy his benz. I smirked when I saw that and wondered of the person was just joking or actually serious.
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just crazy how x is changing everything because if monetization becomes so successful it might affect Web2 in a positive way in the future but Web 3 still winning the race
The way we've seen now that Twitter has been renamed and monetized, people can still make money from there, but the way technology works today, the way we Working on top of this platform will not be able to do so.
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That's why I am excited I eventually found Hive where you get value for your data and not just waste away your time.
Yeah, irrespective of how flawed and early is seems on web3, it certainly cares for more people, than web2