All of the Web2 creator platforms, from Instagram to Tiktok or YouTube to Patreon and Onlyfans, talk about linking fans to creators and helping creators generate revenue.

However, the revenue of the creators and the value of the platform are very unbalanced, and the creators are not properly compensated for their efforts:

• Creator value and platform value are not equal

The average youtuber with 1m subscribers earns just $60,000 a year from advertising, and only about 0.2% of the more than 7m musicians on Spotify earn more than $50,000 a year in royalties.

• High platform commissions squeeze creators' profits

For example, most of the economic platforms for creators will charge 20-30% or even higher transaction commission from the income of creators. In many cases, the growth of fans of creators also depends on their own publicity and promotion.

It's time to compensate creators and make the creator economy more transparent and fair.

Slash is a platform that provides more transparent and fair income for creators. It is a one-stop Web3 private domain traffic realization tool. Based on NFT, smart contract, blockchain, digital wallet and other new technologies and concepts. As a pioneer, Slash has reshaped the relationship between creators and platforms.

In fact, such a transparent and fair platform can only rely on Web3. In Web3, people need to have unified identity authentication, data confirmation and authorization, no trust, and break monopolies.

The Internet is supposed to be open and free, and Web3 is closer to the original idea of the Internet.

In addition to reshaping the relationship between creators and platforms, Slash also reshaped the relationship between creators and fans through Web3, transforming the traditional one-way payment support into a mutually beneficial relationship in which fans and creators jointly build communities and benefit from each other.

Similar to Web2, where traditional creators create content and fans pay for it. Under the Web3 technology system, fans have changed from traditional Internet "direct payment by credit card" and subscribe to and browse the content of creators to "purchase creator NFT" and subscribe to and browse the content of creators.

In addition to acquiring the content of the creator, fans also have the collection and trading rights of the creator's NFT.

By creating different smart contracts or limited release of different types of NFT, creators can increase their interaction with fans and enhance their personal brand value.

In addition, Slash created a bonus smart contract to reward hardcore fans, to help creators build their most loyal community of fans, the bonus rule is:

Once you buy the NFT issued by the dividend smart contract, you can enjoy the profit sharing of the NFT issued by the creator through other contracts, and the specific proportion of the dividend is determined by the creator himself.

This is a new set of gameplay based on Web3 that is closer to the essence of the creator economy -- as noted by author Kevin Kelly as "a thousand hardcore fans" : Anyone who creates or works in art, such as an artist, musician, photographer, craftsman, actor, animator, designer, writer, etc., who can get a thousand hardcore fans is enough to make a living and create freely.

For creators, hardcore fans are not only a direct source of income, but also a major marketing force for regular fans.

Having a thousand real fans is more realistic than having over a million. Having millions of paying fans is not a real goal, especially when you start out. But a thousand followers is doable, you can even remember a thousand names.

Slash is about making what's possible a reality:

Eliminating the high transaction commissions for Web2 creators and creating a profit-sharing smart contract that connects hardcore fans is all happening with Slash -- a more transparent and fair creator economy platform based on Web3.

Website｜https://myslash.io/
Twitter｜https://twitter.com/Slash_DAO
Discord｜https://discord.gg/VHAyfsCmXS
Medium｜https://medium.com/@myslashofficial