Revolutionizing media monetization by unlocking the power of ownership in web3 – SlateCast #52

The latest episode of SlateCast explores Access Protocol’s new web3 subscription service, which is integrated into the CryptoSlate ecosystem. Podcast content:

• An overview of the Access Protocol and the problems it tries to solve
• An overview of the ACS staking model and how it changes the relationship between producers and consumers
• Discuss launch dates and partnerships with leading publications in the Web3 space
• An explanation of how ownership and token inflation work in the Access Protocol ecosystem
• How Access Protocol compares to off-chain solutions like Patreon and the benefits of owning Web3
• Potential strategies to add value to the staking model, including tiered staking and loyalty programs
• Challenges in attracting Web2 creators to Web3 and Web3 user experience hurdles
• Future image of access protocol and its growth plan
• Access Protocol and CryptoSlate Partnership

access protocol

Access Protocol is a new platform aimed at integrating content into the on-chain environment and building communities. CryptoSlate will soon launch a new product in collaboration with Access Protocol. Access Protocol offers a new solution to the classic problem of low audience penetration for media companies.

“The problem we’re trying to solve is that a $24.99 subscription to The New York Times isn’t converting and nobody wants to pay.”

Even top media companies have audience penetration rates of only 0.5% or 0.3%, and existing subscription models aren’t working. Access Protocol solves this problem through her ACS staking model, where a creator creates a staking pool and users acquire her ACS tokens and stake them into the creator’s pool. Staking will give you access to select premium content. This model shifts the consumer-producer relationship from one that extracts value to one that owns and subscribes through a part of the access ecosystem.

“When you subscribe, you also own part of the whole access ecosystem. I can.”

Creators earn money indirectly through inflationary income, part of which is passed on to creators. Publishers can also view this as a recurring revenue aspect. The demand for ACS tokens is tied to the demand for subscriptions from participating partners and users who can participate.

Rewards sent to publications such as CryptoSlate, the Block, CoinGecko, and Crypto Briefing are not expected to create downside potential as reward rates are comparable to Bitcoin block rewards. This is perfectly fine. Additionally, publications can layer many strategies on top, such as special entertainment or special user events. is very attractive to consumers.

The hypothesis is that ownership makes consumer subscriptions more attractive than existing subscription models. The success of Access Protocol’s program using Coin Gecko, which allows users to convert candy into his one-year locked ACS subscription, is a good data point that shows the new model works.

Access’s vision is to become a fully community-driven protocol and a monetization layer for various platforms. It is set to launch in Q1 2023, and you can keep up to date on his website and social media channels.