Threadcast link:
@taskmaster4450/re-leothreads-2r2afu1mp
Link to recording:
https://x.com/taskmaster4450/status/1847283430867824738
Speakers
DISCLAIMER: The following has been generated by AI (Claude-3.5) based on the publicly available recording of the livestream. Because the content is AI generated it may contain errors, so please keep that in mind when reading. Feel free to suggest corrections and/or add additional information/improvements in the comments. Read more: Introduction post for the AI Summaries project
Subscriptions: A Game-Changer for LEO and content creators
In this episode of the Lion's Den, Task dove into the topic of subscriptions and how they can benefit both the Leo platform and individual content creators. The discussion covered two key aspects: what subscriptions mean for Leo as a platform, and how content creators can leverage this new feature.
Subscriptions and the Leo Platform
The host explained that subscriptions represent a shift in mindset for the Leo ecosystem, moving it closer to a "web3" approach. Serious content creators now have a direct monetization avenue, which was previously lacking on the platform. This opens up Leo to a broader audience, as subscriptions appeal to users who may be unfamiliar with or hesitant about cryptocurrency.
The host emphasized that subscriptions provide an opportunity for smaller and medium-sized creators to build a following and generate revenue, rather than focusing solely on the top earners. This shift in focus towards the creator's audience, rather than chasing high-profile users, was seen as a positive development for the platform.
Additionally, the host discussed how the integration of external communities, such as Dash, into the Leo ecosystem can drive continuous trading volume on the LeoDex platform. As users from these communities earn rewards in their native cryptocurrencies, they will need to convert them to Leo or HBD, generating organic trading activity.
Subscriptions and Content Creators
From the individual content creator's perspective, the host emphasized the importance of building a reputation and providing value to subscribers. They stressed that creators with a history of consistent, high-quality content are more likely to attract and retain subscribers.
The host encouraged creators to focus on developing expertise in a specific topic and building a comprehensive library of content, rather than relying solely on short-form or sporadic posts. They suggested that a robust archive of articles, blog posts, or even private threadcasts could justify a subscription fee, as subscribers would have access to a wealth of valuable information.
The discussion also touched on the potential for content creators to repurpose and cross-promote their work, such as by offering early access to subscribers or republishing subscription-only content on the public Hive platform after a certain period.
Overall, the host emphasized that success with subscriptions requires a serious, business-minded approach to content creation and engagement with the audience. They encouraged creators to view this as an opportunity to build a sustainable, long-term revenue stream, rather than a quick-fix for earning rewards.
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