So I’ve been interested in developing ecosystem around Web Monetization API via Probabilistic Revenue Sharing in the past few months (in case you don’t know, my open source library on it - https://prognovel.gitbook.io/fundme/). I’ve been scratching on some ideas around it, one that I think is feasible is to create affiliate marketing network that gives shares (as in weight in Probabilistic Revenue Sharing) to referrer easily, which if done correctly I reckon it could make creators less dependent on big platform (as they can easily market their works without any prior funding).
However, just today, I’m starting to move on another idea and play around on tradable shares that can be sold either by the creator itself, or the contributors, or just anyone whose payment pointer address listed in the works’ revenue sharing pool.
The idea is to imitate stock market, but works in peer-to-peer manner with (probably) smart contracts, which during WIP phase creators can sell some shares for their works to fund their projects without having to go to into a binding contract with traditional third-party (publishers, content platforms, etc). This is also makes contributing on the projects (that pays with rev share points) looks more attractive, as contributors could cash their shares quickly in case they needed immediate money, something that is tricky if the ecosystem rely around web monetization streams alone.
The reason why I’m thinking doing this is because I want to design an ecosystem that pays not only by popularity, but also with the works’ quality. Previously I’m thinking on aggregating reviews and rank creative works based on how well people rated them–but it comes with its own complexity and I’m worried if people will game the system too much, it will crash, as I’m not planning to oversee the system closely. So a system that people could fund based on how well the works will perform in the future is something I want to explore.
What do you think? Do you think it can be done? Suggestions are welcomed!