From a single blog post covering Axie Infinity, @packyM was able to raise $45,782 (9.56 eth) on Mirror.
Web2 was for the platforms. Web3 is for the creators.
@ArweaveTeam & @viamirror make it possible to own and monetize your content.
Let's see how 👇
Web2 was for the platforms. Web3 is for the creators.
@ArweaveTeam & @viamirror make it possible to own and monetize your content.
Let's see how 👇
1/ Heads up, this thread is long!
After doing some research, it made most sense for me to discuss Arweave & Mirror together.
I decided to dive deeper after I saw @cdixon moved his threads over to Mirror.
After doing some research, it made most sense for me to discuss Arweave & Mirror together.
I decided to dive deeper after I saw @cdixon moved his threads over to Mirror.
https://twitter.com/cdixon/status/1440392095982755857
2/ Last week, I wrote a thread covering Variant Fund's thesis.
Tldr: Web3 provides a paradigm shift in how we think about the passion economy.
Tldr: Web3 provides a paradigm shift in how we think about the passion economy.
https://twitter.com/yb_effect/status/1453430462836183040
3/ Now, let's discuss how web3 is actually changing the game for creators.
First, we'll cover how current creator platforms such as Medium and Youtube work today.
The development of these web apps can be broken down into two parts: client-side and server-side.
First, we'll cover how current creator platforms such as Medium and Youtube work today.
The development of these web apps can be broken down into two parts: client-side and server-side.
4/ Client side refers to the front-end software that runs on the client's device to display text & images on your screen.
Server side refers to the backend processes such as:
- Rendering dynamic pages
- Interacting with the database
- Computation
(Image: Clarion Tech)
Server side refers to the backend processes such as:
- Rendering dynamic pages
- Interacting with the database
- Computation
(Image: Clarion Tech)
5/ Server side data is centrally stored & owned by large corporations.
Yes, you technically do have a profile page. But at the end of the day, you don't own your data...the platform does.
This gives control of the data to a small group of people.
Yes, you technically do have a profile page. But at the end of the day, you don't own your data...the platform does.
This gives control of the data to a small group of people.
6/ Users are restricted in terms of what they can do with their own content.
How can creators make money besides ads?
Can they use their data on other platforms?
The answer is no.
Creators today are handcuffed by centralized platforms.
How can creators make money besides ads?
Can they use their data on other platforms?
The answer is no.
Creators today are handcuffed by centralized platforms.
7/ Additionally, this centralized power means there are high chances the data can be tampered with.
Those living in America and EU have healthy information access compared to the majority of the world.
In many countries, a single party controls these networks.
Those living in America and EU have healthy information access compared to the majority of the world.
In many countries, a single party controls these networks.
8/ Tim Berners-Lee had intended to develop the internet as a decentralized protocol.
But what ended up happening was a few large entities became information gateways on the web.
But what ended up happening was a few large entities became information gateways on the web.
https://twitter.com/yb_effect/status/1453430473795911681
9/ Then, in 2008, Satoshi Nakamoto released the Bitcoin whitepaper finally making it possible to build decentralized systems.
Decentralized systems enable participants to agree on a single truth through blockchains.
Decentralized systems enable participants to agree on a single truth through blockchains.
https://twitter.com/thenetworkhub/status/1454563327686819841
10/ This leads us to the idea of a truly decentralized internet.
The internet needs to be a public good, not a weapon for powerful people.
We need a web that is:
1) Censorship-resistant
2) Permanent
3) Efficient
4) Open
That's where @ArweaveTeam comes in.
The internet needs to be a public good, not a weapon for powerful people.
We need a web that is:
1) Censorship-resistant
2) Permanent
3) Efficient
4) Open
That's where @ArweaveTeam comes in.
11/ Arweave protocol is a decentralized permanent data storage network.
Data can be anything from text & images to full blown out dapps.
There are 3 main themes I want to cover regarding Arweave.
The first is Arweave economics.
Data can be anything from text & images to full blown out dapps.
There are 3 main themes I want to cover regarding Arweave.
The first is Arweave economics.
12/ The Arweave Protocol uses AR as its designated token.
Users pay an up front fee to have their data on the network permanently.
Nodes around the world provide storage space in return for AR rewards.
I believe AR has an incredible growth opportunity.
Users pay an up front fee to have their data on the network permanently.
Nodes around the world provide storage space in return for AR rewards.
I believe AR has an incredible growth opportunity.
13/ .@samecwilliams describes the token as "information gold".
The AR token, just like bitcoin, is a store of value.
It represents the permaweb - an immutable & timeless version of the web.
Very hard to destroy & the value will continue to grow as more people use the protocol.
The AR token, just like bitcoin, is a store of value.
It represents the permaweb - an immutable & timeless version of the web.
Very hard to destroy & the value will continue to grow as more people use the protocol.
14/ The second theme is around data storage.
Storage fees are calculated by considering not only the cost of data storage right now, but also storage space improvements in the future.
Storage fees are calculated by considering not only the cost of data storage right now, but also storage space improvements in the future.
15/ The third theme is the blockweave structure.
Bitcoin proof of work involves miners linking blocks in order.
However, Arweave uses a new consensus model called "proof of random access".
Miners are required to replicate random sets of existing data on the network.
Bitcoin proof of work involves miners linking blocks in order.
However, Arweave uses a new consensus model called "proof of random access".
Miners are required to replicate random sets of existing data on the network.
16/ This "weaves" the blocks together and ensures the data on the network actually exists (no more 404 errors!).
Miners are rewarded in AR token for keeping the network robust.
That's what sets Arweave apart from IPFS - there's an incentive to keep the data alive.
Miners are rewarded in AR token for keeping the network robust.
That's what sets Arweave apart from IPFS - there's an incentive to keep the data alive.
17/ Anyone can go create an Arweave wallet using the chrome extension and the protocol will start you off with some initial tokens as well!
Just to try it out - I went ahead and archived this page of early "web screenshots on Arweave".
Just to try it out - I went ahead and archived this page of early "web screenshots on Arweave".
18/ I believe Arweave is layer 1 of what I like to call the "creator pyramid".
The storage space of the world computer.
The storage space of the world computer.
https://twitter.com/jessewldn/status/1455382695677210628
19/ Layer 2 of the creator pyramid is the interactive layer.
Where users like you and me use applications that store data on Arweave.
Where users like you and me use applications that store data on Arweave.
20/ This is where products like @viamirror come in.
Think of Mirror as a toolkit for all kinds of creators.
The platform helps anyone to create, publish, and monetize their content.
Mirror has a variety of features that help creators organize capital around their content.
Think of Mirror as a toolkit for all kinds of creators.
The platform helps anyone to create, publish, and monetize their content.
Mirror has a variety of features that help creators organize capital around their content.
21/ Okay, so why is this idea of layering important?
Well first, take a look at this diagram I made.
The issue with today's version of the web is that we are using a bunch of gated communities.
Each community keeps your data and requires a separate username/password.
Well first, take a look at this diagram I made.
The issue with today's version of the web is that we are using a bunch of gated communities.
Each community keeps your data and requires a separate username/password.
22/ The data isn't yours.
The web3 creator pyramid is so incredible because now users finally get to own their data and interact with it as they best see fit.
In the case of Mirror, every published blog post on the platform is stored on Arweave.
The web3 creator pyramid is so incredible because now users finally get to own their data and interact with it as they best see fit.
In the case of Mirror, every published blog post on the platform is stored on Arweave.
https://twitter.com/nocodedevs/status/1452101225160323076
23/ All your data is portable as it is stored on Arweave.
So in the case you don't like how Mirror builds out its product, you're free to use your data on another platform.
You have your data in your wallet across all of web3, unlike unique usernames in web2.
So in the case you don't like how Mirror builds out its product, you're free to use your data on another platform.
You have your data in your wallet across all of web3, unlike unique usernames in web2.
24/ And lastly, it seems logical that layer 3 of the creator pyramid will be the discovery layer.
Something like a news feed or Twitter lists for Mirror blog posts.
Something like a news feed or Twitter lists for Mirror blog posts.
25/ Through the combo of Arweave and Mirror, creators now have the freedom and resources to make the most of their content.
Here are some key upsides:
- Ownership of data
- Creative monetization techniques
- Content portability
- Data permanence & immutability
Here are some key upsides:
- Ownership of data
- Creative monetization techniques
- Content portability
- Data permanence & immutability
26/ Here's an example of of one of my favorite Mirror use cases.
https://twitter.com/packyM/status/1417911481220411399
27/ I went ahead and set up my own Mirror dashboard as well.
I brought over my Olympus DAO thread first and will be eventually moving the rest of my writing as well.
mirror.xyz/yashbora.eth
I brought over my Olympus DAO thread first and will be eventually moving the rest of my writing as well.
mirror.xyz/yashbora.eth
28/ Summary of what was covered about @ArweaveTeam & @viamirror:
- Centralized servers are gated communities
- Arweave enables a truly decentralized web
- Web3 allows users to own their data & use it as they see fit
- Mirror posts are stored on Arweave
- Creator Pyramid
- Centralized servers are gated communities
- Arweave enables a truly decentralized web
- Web3 allows users to own their data & use it as they see fit
- Mirror posts are stored on Arweave
- Creator Pyramid
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