You’ll never watch television the same way again. Web3 is uprooting the traditional entertainment industries with a new way of creating and engaging with digital content.
All the use cases of Web3 technology upgrading the future of digital entertainment include one key component: ownership. Ownership isAccording to professionals in the industry, it will also be a defining characteristic not only of Web3 but of the future of digital entertainment.
Foremost, ownership redirects power back to the users actually engaging with the content rather than a few powerful platforms. Liu highlights that specifically with “tokenized economies for entertainment businesses,” both users and platforms benefit: This comes at a time when competition within the streaming industry is driving turbulent results for service providers.
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