2 min, 8 sec reading time
Last week, we sent out a deep dive focused on StoryPrima DAO. As we mentioned then, we are very impressed with their dual focus areas.
Their first goal is to help authors launch their books using NFTS by educating authors and readers and incubating projects.
Their second goal is to create content to spark discussions within the web3 and literature communities.
Their new podcast series is a huge part of that, and luckily, they were able to get some pretty good-looking and super smart guests for their 7th episode on Wednesday.
(Hint, it was us!)
We were super excited to talk with the team there and enjoyed the conversation with Devin and Barry.
We think you will enjoy the entire discussion, but we wanted to give you the highlights below:
Topics we discussed:
1) Differences between Web2 Kickstarter/Patreon vs. Crypto
The main difference between web2 and web3 is that in web2, you’re exchanging money for a product. In web3, you can exchange money for equity and invest in an indie publisher or small press.
Both models can have long-term patronage and co-creation, but it’s only in web3 that facilitates easy investment for equity.
2) What determines an author’s success in the web3 space?
Devin: Lisa, with your experience guiding authors in the self-publishing space to raise money for their projects, what are the things you think might be technical barriers to authors joining web3 today?
Lisa: I think the authors anywhere who are most successful are the ones who are willing to experiment and try new things and persevere. I think those are the core qualities for taking on anything. Of course, you have to have a good story, but if you have no readers, it doesn’t matter. So you have to embrace putting yourself out there, explaining why your story is wonderful, fantastic, transformative, etc., and translate the value to the reader.
Web3 is no different than web2, and if you try to shortcut or do things out of order, you’re just going to stumble and Bumble and take ten times as long. If you build up your audience and build excitement and buzz, you’ll have a big launch no matter what platform you’re launching on.
3) What are we most excited about for authors in web3?
Suppose self-published authors want to direct their community to web3 for the opportunity to participate in a new kind of equity-based model or invite their readers to invest in them as a writer or creator. In that case, that’s a great way to build an authorship business.
Also, what about read-to-earn? That’s a great idea that incentivizes both authors and readers to join the web3lit space and consume stories in a new way.
We also think dynamic art or dynamic storytelling is possible in web3 in a way that isn’t possible currently. The possibilities are endless.
4) How long will it be until a web3 author gets a Pulitzer or a mainstream award in the future?
Lisa: I think it’s tough because traditional publishing really looks down upon alternate ways of storytelling and is reluctant to make big moves outside the box. I’d rather see web3 authors create their own awards than seek the validation of the traditional literature gatekeepers.
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