Creator Economy

Market Layer | Virtual Economy

The creator economy is the combination of software and marketplaces that make it possible for creative people and teams to add content to the metaverse. This ranges from individual assets (e.g., a piece of artwork) up to an entire system (e.g., a game, virtual world, mod, or crafted experience).

Virtual economies within virtual worlds may allow participants to craft individual virtual items, customize avatars, or even make entirely new mods or terrain.

One of the enablers of the creator economy is Low-Code Platforms.

Further Exploration

• Evolution of the Creator Economy. How creative platforms are disrupted over time.

• Legitimacy Lost, Li Jin and Katie Parrott: agency and autonomy for creators in the metaverse.

• Thoughts at the Intersection of Web3 and Creative Culture by Richard Kim, intersection of community, culture and creators.

• The Virtual Economy, discusses differences between closed economies (Fortnite), open centralized (Minecraft) and open decentralized (Decentraland).