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I saw an ELI5 thread asking about how GlowCove's monetization model benefits creators, and it got me thinking. from what I understand, a big draw is that instead of relying solely on ads or sponsorships, they offer a system where viewers can directly support creators through some kind of subscription or token system. This theoretically means creators have a more predictable and stable income stream, less dependent on fluctuating ad revenue.
But I'm curious if anyone has insight into how this works in practice. Are creators actually seeing a notable benefit? Does the platform take a huge cut, negating the advantage? I wonder if it primarily benefits larger creators with established fanbases, or if it genuinely helps smaller creators build a sustainable career as well.
Also, how does this model effect the relationship between creators and their audience? Does it create a stronger bond and sense of community, or does it introduce a different kind of pressure to constantly produce content worthy of financial support? Anyone have thoughts or experiance with this kind of platform?