Creation has never been easier – and this is reflected in the 50 million creators trying to make a living from their work – but most are struggling as only 2% of creators earn above the minimum wage.
All creators have their own superfans to create content. Yes, that’s right – the flip side of being a creator is what makes creators in the first place: their fans.
Today, fan content has surpassed original content. 75 million fans create derivative works and fan art, creating a staggering 7.5 billion fan content consisting of images, videos, livestreams and comments.
However, most of the generated content hits a dead end. This content has been “forgotten”, is still not used for monetization, and is not used as a distribution driver. This is a huge missed opportunity. The same goes for video, which, despite making up more than 85% of internet traffic, is still limited by a linear passive broadcast and distribution model that keeps many creators and their fans out.
Sagaverse Project’s The founders spoke with content creators and the community to determine the best solutions to these problems. What is needed now is the ability to unlock new forms of video experience while compensating fans, communities and engagement fairly.
Let me show you how sagaphos Gives ownership, vesting and lifetime passive income.
Key takeaways from the Sagaverse
Sagaverse is the engine and protocol for web3 social media, making it easy for creators and fans to come together to co-create, co-monetize, and co-distribute.
sagaphos A cross-platform application is being developed to act as a user-facing front-end to a rich media player and integrate a new approach to co-authoring powered by derivative content monetization and various social features.
Sagaverse brings creators and fans together, empowering creators to activate fans and their content for unlimited benefits.
For creators, nothing is more powerful than fans, who crave meaningful interactions and connections. Imagine the greater network effects that could be achieved if creators and fans were empowered to buy.
At the heart of Sagaverse is its blockchain-based manifest that ensures attribution and licensing information is carried, and terms are always adhered to. The protocol consists of two main parts:
- Rich Media Manifest to combine, distribute and restructure tokenized assets while preserving attribution, licensing information, and no asset duplication
- The media engine incorporates the creation and consumption of interactive visual assets (2D, 3D, programmable, audio)
Possibilities for creators and fans
Content on the Sagaverse is called Saga. Sagas are all about collaborative play and creation.
At the heart of the Sagaverse is a rich media player Designed for the next generation of visual media including interactive and enhanced video. We know this is the next content format people will love and want in their lives.
Combining this media player and manifest brings co-creation and attribution together to encourage new rich media experiences by:
3D artists can create 3D characters and allow 3D animators to animate them, add video filters, AR games, custom emojis, and more. The 3D artist who created the original character receives a reward or royalties every time another artist or fan uses the character. Additionally, creators can mint video NFTs and make them available for others to remix and earn royalties upon consumption.
Creators and artists can co-create ads, then when advertisers use those ads, the co-creators receive royalties on the work
Additionally, creators can collaborate with their fans; thus, they can co-produce enhanced video NFTs, which Sagaverse calls Rich Media.
A second, a like, a comment, a remix, a collaboration—everything counts and generates value.
What kind of content is the Sagaverse suitable for?
The current business model on the Web2 platform does not fit the new expectations of creators, prosumers and fans.
Artists who focus on interactivity have no place in Web2, but the world is now looking for their content. Sagaverse developers have created platforms for artists who create content that requires interactivity, such as videos with fast-moving content such as sports, 3D artists, motion graphics artists, shader programmers, and developers producing programmable content. And an open rich media format for describing things like comments, likes, reaction videos, remixes, and other related content.
Owning Sagaverse Tokens means owning the future of creation. The token is used for all platform transactions and is backed by partial DAO ownership of a growing library of content. Token demand comes from staking and platform transactions.
Making money is easy. Mint, own and get paid from the Sagaverse mobile app. Creators always keep 95% of the revenue they generate. Every time someone participates in a Saga, the owner is rewarded through the Play to Earn mode, which pays out continuously for the life of the content. Sagaverse’s blockchain protocol ensures that attribution and permission information is carried and terms are always adhered to.
Sagaverse allows anyone to support creators by staking content. Anyone can invest earned tokens or buy additional Saga tokens. The more derivative works, participations and transactions a Saga has, the more tokens are distributed to its owners and stakers. This incentivizes and rewards creators and fans to build the Sagaverse network through co-ownership, co-monetization, and co-distribution.
The Sagaverse DAO keeps a 5% fee from all transactions to maintain and grow the platform, a portion of which is distributed to creators based on how the content is consumed.
The first product launch of the Sagaverse dApp is scheduled for Q4 2022, targeting short video creators, eSports players, 3D artists, 3D animators, developers and fans of the future of Sagaverse, a tokenized rich Open Protocol for Media.
By the end of 2023, Sagaverse will open up its protocol, allowing publishers to build authoring and consumption experiences, and enabling publishers to build and launch collaborative web3 media dApps.
While Web2 is not enough for content creators to make a living, Web3 opens up an extensive list of opportunities for creators and fans to collaborate, co-author and monetize.
The Sagaverse platform brings together short video creators, eSports players, 3D artists, 3D animators, developers, and fans who create interactive videos and want to monetize their work.
Blockchain technology allows for the distribution and reorganization of tokenized assets while preserving attribution and licensing information.
Mobilize the community to create, remix and monetize interactive and AR videos
- Bring your digital assets to new audiences
- Generate new income from your digital assets
- Create with idols.Activate your fan community to create, mix and monetize
All of this incentivizes and rewards creators and fans for building the Sagaverse network through co-ownership, co-monetization, and co-distribution.
Their mission is bold: to empower 1 billion creators and fans to co-create, generate revenue and thrive by creating and interactive visual content.