My Prediction Of WEB2 Futuristic Monetization (2)
With reference to this post Web2's monetization is not about how much you are giving, data is not the average requirement for monetization it's about how much revenue can be driven in.
While it (web2) is mostly recognized for its wildly adopted participation it's true that not a lot of people care if they can earn or not from the crazy ad revenue that's mostly driven in by the masses. It's the way monetization works.
For example, a lot of creators are making good money on YouTube, but some of the accounts that tried monetization have been limited by the algorithm, making it difficult for them to garner the growth they deserve despite creating decent content and putting in adequate efforts.
Now, the numbers we have on YouTube are mostly people who have turned into consumers, even though they once started as creators.
Down The Pecking Order
Now, if the YouTube model was designed to only see monetized creators as the only view count that matters, I think it'll become really difficult for a lot of recognized creators to make money.
This isn't to say the YouTube model is amazing. Every day they're demonetizing creators for some of the most softest and unintentional breaches and infringements of policies.
So creators on YouTube are threading carefully, minding the type of things they create, say, or do. However, no matter how hard they try, a lot more people will lose their ability to earn and the years they've spent building their channel will never count as a prerequisite of pardon.
A Culpable Limit
What I'm generally trying to say is that even if web2 becomes fully monetizable in the future, it'll not be for the general masses and the restrictions will create a huge gulf between people who are earning and those who are just making up the numbers.
Now, the regular people who make up the numbers are very important, despite any stats or discrimination proving otherwise.
If for example, we remove the hundreds of millions of users without blue tick on Twitter, the place will just be a zombie land with blue tick oligarchs fighting for how to farm impressions to make money.
The Sad Truth
So it's unfair to take from the people who are actually bringing in the ad money to enrich those who are oligarchs of the platform.
However, it's what it is. Web2 monetization will not revolutionize the internet, it'll just be a continuation of what we have at the moment.
At the end of the day, the regular people will have to still look to Web3 where their retention, involvement, and participation will pay, because they're currently just making up the numbers and their chances are slim.
However, if the masses were to be truly liberated from the charade and chicanery of web2 then, the revolution would truly start.
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It sucks to see everyone rely on the centralized platforms and I agree with the Youtube creators. They are always stepping on nails as they to avoid anything that would give them a strike. There is only so much money and there aren't many people who can make a living off of it. So I don't think it's the future but I also don't think the model will disappear.
The model will not go, this is how web2 is built and I don't see them trading that identity irrespective of the evolution that happens with web2 monetization. As for YouTube. The money will only remain there for the selected people while YouTube keeps raking in billions through ad revenue.
The masses are the ones who are actually doing most of the work. They are the ones who even makes up the revenue
Just like what you said, imagine removing all the people without blue tick on Twitter, it will truly be a zombie zone. It is not gonna be fun anymore...
You're right about this. The masses are the ones doing a lot of the work without them there's no ad revenue. So why not give them back for their presence rather than waiting for them to be creators before you give them.
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I'm going to say here that the way we're seeing the technology as it is has evolved a lot and the way these previous projects have been monetized around the web too, but now people are more. are moving towards web 3 and like to use such platforms more.
That's right! Web2 monetization may be better than a Web2 where creators cannot self-monetize, but it doesn't have an unlimited upside. It still contains the same downsides as today's Web2.