Are NFTs a Sustainable Business Model for Creators Tokenizing Communities? | PART 1 of 3

Everyone is pushing to incorporate NFTs into their businesses/communities but are NFTs actually a sustainable business model for communities? In Part 1of this 3 part series we discuss what web2 communities are doing,  the current Web3 community playbook as well as alternative business models for creators moving forward. 🤝 HELP US GROW 🤝 Subscribe to the Web3 Academy Podcast 🔥SUBSCRIBE TO THE WEB3 ACADEMY NEWSLETTER 🔥: https://w3academy.io/?utm_source=anchor&utm_medium=audio 🐇 Go down the Web3 Rabbit hole with our FREE Web3 Foundations Course: https://w3academy.io/web3-rabbit-hole-course/?utm_source=anchor&utm_medium=audio Guiding entrepreneurs, businesses and creators into web3. Together we’re exploring how to use NFTs, Crypto and Web3 to create thriving communities and build sustainable business models. ✊ FOLLOW US ON SOCIAL! ✊ 👉 Web3 Academy Twitter: https://twitter.com/web3academy_ 👉 Web3 Academy TikTok: https://www.tiktok.com/@web3academy?lang=en 👉 Web3 Academy Instagram: https://www.instagram.com/web3academy_/ 👉 YouTube: https://www.youtube.com/c/Web3Academy 👉 Kyle Reidhead: https://twitter.com/KyleReidhead 👉 Jay Hamilton: https://twitter.com/jaybird_nft Name: Kyle Reidhead Twitter: @kylereidhead - https://twitter.com/kylereidhead?lang=en ⏱ TIME POINTS ⏱ 0:00 - Intro 3:35 - NFTs for business and community 7:00 - The current NFT community playbook in web3 11:25 - The playbook to monetize digital communities in web2 16:59 - The current business models of NFT tokenized communities 18:37 - NFT royalties as a business model for tokenized communities 25:03 - Alternative business models for creators with NFT tokenized communities