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As Patreon tests the waters, can crypto open doors for content creators?
As the digital asset market continues to break new ground, seemingly with each passing day, there is no denying the fact that crypto adoption has continued to increase at a fairly rapid pace globally. In this regard, it now appears as though online content creator platform Patreon is actively looking to devise its very own social token — or “creator coin” as it likes to call it — as a way of diving into the world of cryptocurrencies.Patreon executives recently teased the idea at the 2021 Creator Economy Summit with CEO Jack Conte making an appearance alongside chief product officer Julian Gutman. During the event, the two interacted with the audience at length and when asked about their decision to venture into the digital asset space, Conte replied by saying:“I really love the idea of creators owning their media and owning their content. I love the idea of shifting power away from institutions and toward individual creative people.”Even though Patreon doesn’t have a full-time crypto-focused team at the moment, Gutman stated that he is actively looking to ensure that his company doesn’t get left behind and is, therefore, considering creating a roster of high-quality blockchain talent in the near term. “We’re continuing to ensure we’re creating a sustainable recurring future for creators, is why we’re evaluating the crypto space more broadly,” he added.It
As Patreon tests the waters, can crypto open doors for content creators?
As the digital asset market continues to break new ground, seemingly with each passing day, there is no denying the fact that crypto adoption has continued to increase at a fairly rapid pace globally. In this regard, it now appears as though online content creator platform Patreon is actively looking to devise its very own social token — or “creator coin” as it likes to call it — as a way of diving into the world of cryptocurrencies.Patreon executives recently teased the idea at the 2021 Creator Economy Summit with CEO Jack Conte making an appearance alongside chief product officer Julian Gutman. During the event, the two interacted with the audience at length and when asked about their decision to venture into the digital asset space, Conte replied by saying:“I really love the idea of creators owning their media and owning their content. I love the idea of shifting power away from institutions and toward individual creative people.”Even though Patreon doesn’t have a full-time crypto-focused team at the moment, Gutman stated that he is actively looking to ensure that his company doesn’t get left behind and is, therefore, considering creating a roster of high-quality blockchain talent in the near term. “We’re continuing to ensure we’re creating a sustainable recurring future for creators, is why we’re evaluating the crypto space more broadly,” he added.It