Video, mobile first, open APIs, an existing two sided market, and a 40 million strong userbase already transacting digitally. The YouNow live video platform is an ideal candidate for a monetary network based business. YouNow’s Props project aims to achieve just this.
Decentralized economies will reshape digital media.
Decentralized monetary networks work well when applied to existing producer-consumer networks.
Today digital media is a producer-consumer network with despotic intermediaries like youtube, Spotify, existing live video sites, etc.
It may be possible to build a new type of business that can compete symmetrically with these intermediaries using a monetary network.
Which businesses can adopt the micro-economic business model?
Established digital economies