Li Jin's article the New Creator Playbook lays out how the web2 creator playbook (create free content ➡️ build an audience ➡️ monetize) fails:
- creators are unsure if they'll see returns on free content
- less well-off creators can't afford to participate
Nounish Media DAOs are a uniquely cryptonative solution to both these problems.
How it works:
People with a common interest pool ETH into a Nounish DAO. For example: people who love cat videos
In exchange for ETH, DAO members get voting rights on the DAO's treasury which by social convention is earmarked for the funding of cat videos
As we've seen with OG Nouns DAO this pool of mandated ETH magnetically attracts creators (people who...