Web3.0, Creator Economy, and The PASS
Dedicated to all kinds of creators like artists, DAOs, guilds, musicians, etc., The PASS is here to help create, display, manage and govern.
If you’ve cruised through Facebook or TikTok , you’ve probably noticed a new trend that is occupying social media platforms. This is “the Creator Economy”.
It’s given millennial creators a chance to turn their interest into a living and make its creation presence on digital platforms, with financial tools that make monetization of content viable.
In the new creator economy, creation is not just a kind of profession, but also an activity that everyone can participate in.
Most of the platforms of Social media are funding and as to motivating creators to produce high-quality content and high-quality of workvide high quality works and contents. Unfortunately, most of the revenue from the work is held by the platform eventually.
The social platform received the funds while the creator had nothing. However, In Web3.0, the consumption and creation of works are totally integrated. In a peer to peer and decentralized system, creators can finally not only read and write but also truly own. That’s the beauty of Web3.0 and the beauty of “ Creator Economy”.
Creator Economy in The PASS
Creators and DAOs themselves are the beneficiary in the creator economy. Creators and fans can benefit from creation of works in the PASS system. Fans will no longer be just spectators, but can get a piece of ownership of the community, a skin in the game, a voting power in the governance with NFT PASSes powered by The PASS. Both creators and fans can benefit from the appreciation of PASS as a result. For example, when a PASS already has certain privileges which are desired by another member,the consumer, they can resell the PASS with a higher price for a profit.
Generally,In the creator economy, people use different NFT platforms to obtain artworks in the hope it will increase in value. And here is to obtain works of privileges by purchasing through the PASS platform. There are 3 types of utility NFT PASSes: Staking Based PASS, Fixed Price PASS and Bonding Curve PASS, details as below table:
PASS is a bridge to gather creators and audiences, DAOs and members. Creators can provide more products or services to their the fansseller/fans, such as VIP channels, virtual concert or meetings, which can deeply integrate interaction offline and online enhancing the belief of the community.
The PASS Introduction
The PASS is a new type of Web 3 Creator Link-up and underlying infrastructure, which help create, display, manage, and govern your own DAO through NFT PASSes. It is dedicated for all kinds of creators like artists, DAOs, guilds, musicians, and projects.
It will help DAOs or creators mainly in four parts:
- Creation: A DAO information aggregator
- Financing: Get support from communities through NFT PASSes (Staking Based PASS, Fixed Price PASS and Bonding Curve PASS)
- Engagement: The PASS is a key to vanilla ecos like Townhall, Squad or other third party platforms including Discord, Telegram, metaverse, etc
Governance: Voting through NFT PASSes and DAO treasury analytic tool
With the overthrone of Web2.0, we believe we will upend how cultural trends are born, financed, transforming the way of marketing and community building. We hope The PASS is able to empower this particular niche in a massively powerful way.
It would be only a matter of time before it would emerge from the shallows and evolve into a milestone, both in the universal NFT and Creator ecosystem.
For more
Website: https://thepass.to
Twitter: https://twitter.com/thepass_to
Discord:https://discord.gg/N6f25tPs9W
Telegram: https://t.me/thepass_official
Medium: https://medium.com/@thepass_to
Litepaper: https://medium.com/@thepass_to
