Creators, artists, publishers, writers, developers, and others who work on this large tech platform And content posting.
These big tech companies like Google, Facebook, Twitter, Instagram, and YouTube are generating huge amounts of revenue, which we could never imagine.
These corporations earn Billions of dollars each year.
But creators like us who work extremely hard but end up with empty pockets.
On the other hand, Web3 offers a wide range of opportunities for creators to monetize their work. Creators can use blockchain services to sell digital goods, access crowdfunding opportunities.
This web2 platform is not intended for creators like us.
In this article we know the How much share does the big tech companies keep and how much it gives to the creators.
1.Youtube
Content creators receive approximately 50% of the revenue generated on their channels, which means that for every $100 an advertiser spends, Pay $50 to the creator. On average, a YouTuber earns around $0.18 for each view, which amounts to $18 for every 1,000 views.
The amount of revenue that YouTube keeps from ads and other sources varies. Generally speaking, YouTube will keep 45% of the advertising revenue and give 55% to the creator. However, this percentage may change depending on the agreement between the creator and YouTube.
Creators are paid the remaining 55% of ad revenue and 85% of revenue from channel memberships, merchandise, and digital goods.
It means that YouTube owns 50% of your content.it's too much
Youtube only pays you when you achieve the Youube Monetization criteria YouTube will keep its share out of that too..
2.Facebook
Currently, Facebook doesn't take a revenue share for fan subscriptions, so creators keep 100% of their earnings on the web platform and 70% on mobile platforms. Going forward, creators will keep a 70% cut of the revenue from fan subscriptions regardless of whether it's on web or mobile platforms.
Like Youtube, Facebook does it too, they only pay you when you achieve the Monetization criteria. Compared to YouTube, facebook monetization is tough. They also keep its share out of that too..
3. Twitter
Twitter does not currently have a set policy regarding how much of a creator's content it keeps or gives to the creator. The platform generally takes the approach of leaving the sharing and monetization of content up to the creator. However, Twitter does offer various monetization options for creators, such as Twitter Ads and Super Follows, which allow creators to receive financial compensation for their content.
Twitter doesn't pay any amount to the creator. This is the bloody truth.
If we Talk about Web3 Platform
Web3 Provides a platform for creators to build and deploy their own decentralized applications, web3 gives creators the opportunity to monetize their work, build an audience, and create new products and services that can be used by the wider blockchain community.
Web3 provides a platform for creators to tap into the power of blockchain technology and monetize their work. Through smart contracts, creators can ensure that their digital goods are secure and that payments are made quickly and securely.
With the power of Web3, creators are able to capitalize on the potential of their work and monetize it in ways that were not possible before.
Name some of the Web3 Platforms that provide 100% revenue to the creators.
1.Open sea
OpenSea provides its marketplace infrastructure for freeโit's entirely free to get started setting up a marketplace and using our platform. As compensation for this service, 2.5% of each sale will go to OpenSea.
They earn money by charging very small service fees when a digital asset is sold on their website.
OpenSea's model is simpleโthey receive 2.5% of the take rate. That's it. Users and partners can create NFTs for free at any time.
2.PinkPaper
Pink Paper provides an open platform for content creators to share their ideas and stories. The platform is designed to empower creators, allowing them to reach a wider audience and get paid for their work.
The Pink Paper model is simpleโthey receive 0% of the take rate. That's it. Users can write a story for free at any time.
Pinkpaperxyz also incentivizes content creation by rewarding users for their contributions.
Pink Paper provides facilities to creators who publish their blogs and articles and want money from them, and the general public can give them their Funds and contribution.
Conclusion :- Finally, it was discovered that creators in web2 do not receive adequate compensation or respect. At the end web3 is the future for creators
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