Third Web Micro-Economies #1 – The Props Project by YouNow

Third Web Micro-Economies #1 - The Props Project by YouNow

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?

Two-sided marketplaces
Established digital economies
Network-based businesses


Source: letstalkbitcoin.com


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