šŸ•¹ļø TikTok Mega-Star Launches Web3 Gaming Company

CREATOR ECONOMY NEWSLETTER


Like most ventures on the blockchain, play-to-earn gaming has been met with a lot of skepticism. In addition to the environmental impact and volatility of the crypto market at-large, gamers have brought up concerns unique to play-to-earn gaming. Critics say these games are costly to enter, have minimal gains, and promote exploitative lending practices between ā€œmanagersā€ who can afford the NFTs needed to start playing and ā€œscholarsā€ who borrow them. Managers often receive a sizable percentage of the revenue that scholars generate in-game, and many have likened the arrangement to a ā€œPonzi scheme.ā€

Still, Web3 evangelists believe that, over time, play-to-earn games will allow dedicated players to better monetize their passions. TikTok mega-star Michael Le is one of these believers, and he has channeled that optimism into a new crypto-based gaming platform, Joystick. Instead of taking a percentage of playersā€™ revenue, Joystick aims to rent NFTs out for a flat monthly fee while gamers keep 100% of what they earn in-game. Le and his co-founder Robin DeFay hope they can assuage usersā€™ fears with its team of blockchain vets and create a pay-to-earn gaming platform that maximizes earnings. While much remains to be seen, Le and DeFay spoke with Passionfruit reporter Grace Stanley about their vision and excitement for blockchain-based gaming.


NEW FRONTIERS

TikToker Michael Le enters Web3 with new crypto-based gaming start-up Joystick

“For any influencer that wants to be a part of it, I think they need to educate themselves first before doing anything because itā€™s a very unregulated space.”

By Grace Stanley, Passionfruit Reporter

Michael Le and Robin Defay

THE HIGHLIGHT

Pakistan Social Media Bans

Creators in Pakistan struggle against the countryā€™s unpredictable social media bans

Social media has given working-class creators new opportunities, but bans have thrown stability into question.

By Anmol Irfan, Passionfruit Contributor


TIPS AND TRICKS

Zoi Lerma

TikToker Zoi Lerma shares how she keeps up with her 5.6 million followers

 “There are millions of people everyday showing off their work and talents, so why shouldnā€™t you?”

By Grace Stanley, Passionfruit Reporter


IN THE BIZ

  • Linktree is the most popular link-in-bio tool among Instagram creators. (via Insider)
  • A controversial bill in California may soon allow parents to sue social media companies for getting children ā€œaddictedā€ to their products. The bill has passed in the state Assembly and is now being considered in the state Senate. (via AP)
  • An OnlyFans creator shared the unconventional way she got her Instagram account back and what she learned about the appā€™s internal review system.

TIKTOK MADE ME DO IT

A quick finger-crocheting tutorial for the cutest summer bag!

Content for Creators.

News, tips, and tricks delivered to your inbox twice a week.

Newsletter Signup

Latest Newsletters

  • šŸ’æ No, the ā€˜Period Ahhā€™ TikToker Didnā€™t Get a Record Deal

    šŸ’æ No, the ā€˜Period Ahhā€™ TikToker Didnā€™t Get a Record Deal

    CREATOR ECONOMY NEWSLETTER Issue 69 | September 22, 2022 You’ve probably seen TikTok star Britt Barbieā€”or at least, you’ve seen her “Period Ahh, Period Uhh” video make the rounds this past weekend. The song was divisive, to say the least, and a viral tweet claiming that Britt Barbie secured a record deal garnered outrage online.…

  • šŸ§  Twitch Streamer Dr. K Is Helping People Cope With the Internet

    šŸ§  Twitch Streamer Dr. K Is Helping People Cope With the Internet

    CREATOR ECONOMY NEWSLETTER Issue 68 | September 20, 2022 Itā€™s no secret that too much social media can negatively impact our mental health. Studies show that internet and online gaming addictions can cause users to have low self-esteem, poor sleep, mood disorders, and more. One psychiatrist, Dr. Alok Kanojia, is hoping to help these users…

  • šŸ“– How Wattpad Is Helping Writers Make a Living

    šŸ“– How Wattpad Is Helping Writers Make a Living

    CREATOR ECONOMY NEWSLETTER Issue 67 | September 15, 2022 Wattpad has long been a refuge for readers and writers on the internet looking for stories they couldn’t find in mainstream publishing. The platform has brought us some of the most iconic onlineĀ fanficsĀ and novels, and subsequently,Ā moviesĀ and TV shows. It experimented with monetization options for its most…