Third Web Micro-Economies #1 – The Props Project by YouNow
Video, mobile first, open APIs, an existing two sided market, and a 40 million strong userbase already transacting digitally. The YouNow live video platform is an ideal candidate for a monetary network based business. YouNow?’?s Props project aims to achieve just this.
Decentralized economies will reshape digital media.
Decentralized monetary networks work well when applied to existing producer-consumer networks.Today digital media is a producer-consumer network with despotic intermediaries like youtube, Spotify, existing live video sites, etc.It may be possible to build a new type of business that can compete symmetrically with these intermediaries using a monetary network.Which businesses can adopt the micro-economic business model?
Two-sided marketplacesEstablished digital economiesNetwork-based businesses
Source: Coin Desk