Li Jin Profile picture
10 Aug, 13 tweets, 4 min read
The creator economy is starting to resemble the gig economy, with commoditization of workers and economic precarity masqueraded as entrepreneurship.

New post about the perils of the creator economy and how we move forward from here:

li.mirror.xyz/Rgk2La8izmn5La…
The gig economy--though home to many valuable companies--has had a controversial impact on labor, eroding a century's worth of worker rights & creating widespread precarity.

The creator economy is now experiencing the same.
If we're not thoughtful about building platforms, we can easily recreate the problems of the real-world economy in the online world.

Even though the creator economy is often framed as an improvement upon the gig economy, parallels problems and risks are emerging for workers.
Those parallels include:

- Over-supply and competition between creators
- Exploitation of creator labor (unpaid/underpaid labor)
- Insecurity and volatility (business risks are externalized & shifted onto creators)
- Intermediation and taxation (unilaterally determined pay)
Where do we go from here?

Here are the principles we should uphold going forward:

1. Creator and user ownership & portability of data, relationships, and content. This would weaken platforms' lock-in and enable creators to operate outside of a handful of platforms.
We can go even further with ownership: software itself can become community-owned and operated.

This creates the maximum incentive alignment between platforms & their participants, with creators directly influencing governance and decision-making.

a16z.com/2019/03/02/coo…
2. Credibly neutral creator mechanisms that don't favor
any particular users/segments, and are open and neutral.

Applying the veil of ignorance to creator platforms allows us to test policies, monetization mechanisms, funds, and product mechanics for fairness and impartiality.
3. Creator-friendly business models

Offering more direct monetization models (users paying creators) can encourage creators to align their content with what end users value vs. creating content that maximizes watch time, and support a creator middle class.
4. Creator interdependence and solidarity

Today’s creator economy, as it exists on centralized social platforms, pits creators in competition with each other in a constant battle for fleeting attention.
My hope is that we can build platforms and mechanisms that incentivize mutual support between creators, where one creator’s success does not come at the expense of another’s.
What could creator solidarity and cooperation look like? Creator DAOs--where members vote on creative projects, co-create content, have all revenue flow to a treasury, and share in ownership--hold a glimpse into this more cooperative future.
Lots more detail in the blog, plus open questions:

- What channels could exist to institutionalize creator voice?
- What forms of online collective action could emerge?
- How does discovery and distribution work in a post-social media platform world?

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More from @ljin18

16 Jul
Announcing the Leaping Corgi Scholarship for players to start earning in the metaverse with @YieldGuild!

Play-to-earn is a new category of games where players earn in-game assets & tokens that can be turned into IRL income.

(read on for how to support!)
li.mirror.xyz/Dd7gY8Ip1tRcpz…
During the pandemic, as local jobs dried up, play-to-earn game @AxieInfinity helped people around the world put food on the table, pay rent, and pay off debt.

Players are earning between $500-1000 per month playing the game—which is often higher than local minimum wage jobs.
For all of the game’s promise, there are barriers to entry: to play Axie Infinity, a player must first purchase a team of three Axies, which are themselves NFTs.

That's prohibitively expensive for many: a starter team of Axies can easily cost upwards of $500.
Read 10 tweets
1 Jul
Proposing a new definition of "creator":

Creators are internet-native workers.

They are using tools to produce something of value for an end user.
Historically, those tools were owned by someone else (platforms), and creators' work was often undervalued and exploited.

The reason why the creator economy is now intersecting with the crypto economy is because cryptonetworks provide a way to distribute that value more fairly.
If we pull on the thread of creators as internet workers, where does that take us?

History rhymes, and we can look at past labor movements for clues:

- Creator rights and protections

- Creator- and community-owned platforms
Read 4 tweets
24 Jun
Let's stop celebrating creator funds, incremental creator features, and shallow rhetoric about creator empowerment.

All of these will fail to solve creators' economic precarity, so long as we fail to fix the fundamental issue, which is OWNERSHIP.
Ownership of the means of creation and distribution determines incentives, how wealth is created, who amasses it, and who earns income.

Most important of all, ownership confers control of one’s destiny: the ability to operate outside of the whims of the select few.
Ownership, therefore, is the original system condition from which all else flows.
Read 39 tweets
18 Jun
Andddd we're off to the races! Thank you @patrickxrivera!! A true hero
foundation.app/@li/universal-…
ahhhhhhhhh

@Wagomon❣️
This username. This bid. I think I know who this is.... 🤣
Read 4 tweets
18 Jun
It's my birthday! 🥳

My wish is that we can create more ways for people to earn and build wealth.

To that end, I'm auctioning an NFT, with all proceeds going towards establishing a scholarship for people to start playing & earning in the metaverse.

foundation.app/@li/universal-…
This NFT is based on my recent blog post, Universal Creative Income, co-authored w/ @LilaShroff.

When I thought about taking steps towards basic income, the idea of supporting pathways out of poverty for anyone with an internet connection felt so apt.
li.mirror.xyz/j3WsyvI5LKFKcF…
.@AxieInfinity is a video game in the burgeoning play-to-earn category, where players breed, trade, and battle with cute digital pets called Axies, and earn yield in the form of NFT items & governance tokens.
Read 14 tweets
21 Apr
In 1935, the US enacted various New Deal cultural programs to provide relief for jobless artists and democratize public access to art.

A century later, it’s time to renew that spirit.

Enter: Universal Creative Income 🪙

New blog by me & @lilashroff
li.mirror.xyz/j3WsyvI5LKFKcF…
Universal Creative Income is basic income for online creators. This may sound really fringe, but bear with me!

There are 2 broad ways that UCI can come to fruition, outlined in the blog post:

1) Platform-funded UCI
2) Crypto UCI, with governance decisions made by the community
The New Deal was essentially a small-scale experiment in UCI, with employment for 10K+ artists who created over 100K works.

Importantly, it shifted the perception of art from a luxury good, funded via private patronage, to a critical part of a democracy.
64parishes.org/entry/federal-…
Read 19 tweets

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