Businesses and individuals alike are quickly discovering the value of what NFTs and digital asset ownership can give their customers, thanks to the introduction of blockchain technology and Web3. Industries that previously had to rely on outside distributors to reach their target market are no longer facing this problem thanks to blockchain technology, which allows them to skip this step in the old business strategy.

Take, for example, the publishing sector. Even world-renowned novels such as Harry Potter needed time to penetrate the market, eventually expanding beyond book sales to include consumer-facing items. Individual artists can bypass the intermediaries with NFTs and Web3, taking on the role of distribution channel and creating additional jobs in-house.

Expanding art and creating jobs with blockchain technology

This innovative vertical integration model has allowed the authors to assemble a world-class team of varied professionals who are adequately compensated and incentivized based on the project’s performance. Independent artists who use Web3 have demonstrated their worth and potential. It’s possible thanks to cutting-edge technology based on blockchain and smart contracts. 

 Also, read – Web3 blockchain games are now facing a new threat from big-ticket crypto hackers

The creator-consumer divide is being bridged.

Return on investment is one of the hazardous aspects of manufacturing and consumer markets. Individual producers must make the difficult decision to outsource their projects in the hopes of generating sufficient consumer interest to generate a positive gross profit margin. When a creator demonstrates the value of their project, they place themselves on the radar of private global NFT collectives like beetsDAO, which are looking to invest in the types of compelling tales that indicate the next big idea.

 After years of the internet and existing business methods creating a divide between collectors and creators, digital assets and NFTs are bringing them closer than ever. For example, consumers interested in immersing themselves in “Lost Children of Andromeda” can now purchase a portion of the IP, only possible thanks to Web3 technology.

 

The value of your investments

“We are in a creative revolution as significant as the dawn of digital media,” says Jordan Garbis, cofounder of beetsDAO, one of the most prominent Web3 creator collectives. “Creators can self-fund anything and get royalties from collectors trading on markets.”

Imagine fans being able to gather digital assets and trade them with the community to become a part of Harry Potter, the Marvel Universe, or Star Wars as they were when they were initially released 20, 40, or even 50 years ago. This is now a reality for artists as they establish themselves as Web3 pioneers. 

Some big brains talking NFT gaming. All-Founder panel 👀 https://t.co/AKa0nyLjne

— BeetsDAO (📼,📼) ⌐◨-◨ (@BeetsDAO) April 10, 2022

Investors in this scenario are collectors and early adopters who obtain a piece of a developing franchise before it enters the market. Creators can now benefit from increased degrees of exposure, collaboration advantages, and more. Plus, they get to be a part of the journey in a very personal and empowering way. Curating a diverse network of collectors, particularly from underrepresented groups, ensures immediate equity and even prosperity as the IP grows. This can be accomplished by providing various ports of entry for potential collectors. As NFT utility becomes a part of the larger discourse, read-to-earn may be a paradigm worth investigating for other literary qualities.

Conclusion

As more creators and artists recognize the value of blockchain technologies and the benefits Web3 can provide both them and their customers, the industry will move dramatically as the traditional business paradigm shifts. Digital asset ownership is just one more facet of the metaverse that is beneficial to various industries and businesses. Creators are now setting the standard for what the metaverse can provide for the typical consumer and artists trying to advance their work.