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How creators can effectively monetize their content through NFTs

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How creators can effectively monetize their content through NFTs

India’s creator economy is said to be growing at 25 percent annually. Despite having millions of aspiring content creators in India, studies show that only 150,000 of them are able to earn or make money. These content producers can explore multiple options for making money from their work. They consist of brand offers, memberships or subscriptions, organising virtual events, promoting affiliate items, offering services, hosting crowdfunding campaigns, pushing memberships or subscriptions, and more. NFTs are one of the most powerful ways to do so.

Monetization through NFTs

Non-fungible tokens, or NFTs, are digital assets that can be tracked and are uniquely identifiable on a blockchain. They are among the most ground-breaking and cutting-edge technological advancements of the last ten years and have several applications. They have undoubtedly created a whole new range of revenue-generating prospects for content producers. Creators can create scarcity and provide unique access to their content by tokenizing their creative efforts. A musician might, for instance, provide early access to new albums or limited-edition NFTs with exclusive access to unheard tracks. A visual artist can similarly provide NFTs for limited-edition works of art and digital collectibles.

NFTs also let content providers to establish their own prices and control their revenue streams. The number of tokens to print, the price they wish to charge, and the location and method of distribution are all up to the content creators. Through direct sales and special offers, this enables creators to commercialise their works in a more effective and transparent manner and to develop relationships with their followers. NFTs additionally give content producers more control over their intellectual property. They can make sure that their works are recorded and safeguarded from unlawful usage by tokenizing their creations.

Another effective way for creators to monetize their content is affiliate marketing which is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought to the creators account by the affiliate’s own marketing efforts. Content creators can use affiliate marketing to monetize their efforts by creating content that includes affiliate links and encouraging their followers to click on them. Creating communities also enables content monetization as it gives content creators access to a larger audience while also helping creators create more targeted content. Additionally, it can help content creators establish relationships with brands and sponsors.

Reel Star – Democratizing monetizing for content creators

Reel Star is the first multi-blockchain social media platform in India. It was developed with the revolutionary goal of democratizing access to Web3, metaverse, and future technologies on a global scale. It is trying to build an inclusive, globally connected community of creators and fans. ReelToken (REELT), a blockchain utility token that powers and enables this platform, fosters connections and increases engagement among artists, creators, consumers, and fans in a secure, private environment.

It offers the capability of live streaming, video sharing, peer-to-peer chat, audio video calling, NFT minting, marketplace, and digital wallet. Every level of the media and entertainment sector can use Reel Star’s comprehensive offering of innovative, user-friendly tools for creation, tokenization, engagement, connection, and analytics. Reel Star offers a custom NFT minting and smart contract service in addition to the simplicity of NFT creation offered by its app. The needs of creators at all levels can be accommodated by this concierge service. It offers curated access to both the primary and secondary NFT marketplaces. Reel Star uses cutting-edge technology to ensure that content creators profit the most from their efforts.

Content monetization is an essential part of building a successful business. Today, many platforms help millions of content creators earn a decent living for their work. ReelStar has emerged as one of the pioneering platforms using deep technology in the industry.

ALSO READ: ReelStar associates as Powered By sponsor on the much-awaited Pinkvilla Style Icons awards edition 2

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Broaden Your Horizons by Learning to Play the Piano with Skoove

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Broaden Your Horizons by Learning to Play the Piano with Skoove

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Running a business can be all-consuming. However, business people who only talk about work can sometimes struggle to network and socialize, ironically stunting their potential for growth as salespeople and entrepreneurs. That’s why taking up a hobby and developing a skill that might not relate directly to your work can help your company and career.

For a Memorial Day sale running through 11:59 p.m. PT on May 31, you can get a lifetime subscription to Skoove Premium Piano Lessons for only $119.99 (reg. $1,198). Rated 4.5/5 stars on the App Store, this platform is designed to help users develop their piano skills with interactive lessons powered by artificial intelligence.

Skoove uses cutting-edge AI technology that can recognize notes as you play them and then offer adjustments and notes in real time. With this approach, the platform can teach you a wide range of chart-topping songs with over 400 lessons and thousands of instructional videos. With the subscription, you can study tracks by artists ranging from the Beatles to Bach.

Skoove is also convenient to use and practice with. It’s compatible with all pianos and keyboards, including USB/MIDI and acoustic ones. It also works with both iOS and Android operating systems on tablets, smartphones, and computers. To broaden your horizons, consider adding it to your life today.

Remember that during a special Memorial Day sale that runs through 11:59 p.m. PT on May 31, you can get a lifetime subscription to Skoove Premium Piano Lessons for only $119.99 (reg. $1,198) with code ENJOY20 at checkout.

StackSocial prices subject to change.

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Save on Business Travel for Life This Memorial Day with an $80 Deal

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Save on Business Travel for Life This Memorial Day with an $80 Deal

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Growing businesses around the world rely on traveling salespeople and representatives to fuel expansion. For those in the accounting department who are trying to make enough room for airline ticket budgeting, you can do them a lot of favors by hooking up yourself or a team member with this special deal.

Through 11:59 p.m. PT on May 31, you can get a lifetime subscription to this OneAir Elite Plan for only $79.97 (reg. $790). This deal gets you indefinite access to OneAir’s deals on business, first, premium, and economy class flights to and from destinations of your choosing and interest. These deals include mistake fares and advantageously priced ones that happen to pop up.

OneAir’s platform uses artificial intelligence (AI) to scan the web around the clock for deals so that they are ready for your team when someone needs to hit the road. In addition to getting to choose up to 10 departure airports with deals, Elite users can also take advantage of OneAir’s one-on-one business and first-class planning support.

Conveniently, the OneAir Mobile App lets you access these deals, book trips, and complete bookings all in one place. It is available for both iOS and Android devices.

One recent user, Ashok, who saved $1,080 on flights using OneAir, wrote, “I am so pleased with my decision to sign up with OneAir! Just booked a super cheap flight deal to Vancouver along with 5 nights of hotel stays.”

Remember that only through 11:59 p.m. PT on May 31, you can get a lifetime subscription to this OneAir Elite Plan for only $79.97 (reg. $790).

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Did OpenAI steal Scarlett Johansson’s voice? 5 Critical Lessons for Entrepreneurs in The AI Era

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Did OpenAI steal Scarlett Johansson's voice? 5 Critical Lessons for Entrepreneurs in The AI Era

Opinions expressed by Entrepreneur contributors are their own.

Did OpenAI steal Scarlett Johansson’s voice? OpenAI has since paused the “Sky” voice feature, but Johansson argues that this is no coincidence. In response, Johansson delivers a masterclass for entrepreneurs on navigating the AI era successfully.

In today’s discussion, we delve into what this controversy means for business owners, highlighting five critical AI strategies they must deploy. We also explore essential methods to protect your intellectual property and leverage AI for a competitive edge—insights vital for keeping your venture ahead in the AI revolution to remain your competitive advantage.

Take the AI skills quiz here (available for a limited time) and equip yourself with practical knowledge by grabbing a copy of my new book, ‘The Wolf is at the Door – How to Survive and Thrive in an AI-Driven World.’

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