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From creator economy to cosy web to a new spirit of reciprocity and generosityBeamed in from the UK to the Nedbank IMC Conference #UpClosePersonal, which took place Friday 15 September at Urban Brew Studios, Johannesburg, in her presentation The Multi-Player Brand, Zoe Scaman examines where the internet is going through the lens of User Generated Content (UGC). ![]() Image: Terry Levin. Zoe Scaman looks at where the internet is going through the lens of User Generated Content at the recent Nedbank IMC. Before founding her company Bodacious, Scaman was global head of strategy for film director Ridley Scott, a position that saw her deep diving and falling in love with the future of entertainment and the concepts of gaming engines, AI, immersive worlds, community and fandom. UGC phases
The creator economyThis new creator economy has been born out of influencer culture and fast-tracked due to Covid, when musicians, actors, fashion designers etc. needed to find new ways to reach audiences and generate income. Platforms like Patreon and Discord and new monetisation models such as virtual tipping on Facebook were born. The creator economy, says Scaman, has given rise to smaller pockets of community, with shared passion and beliefs around the particular creator, also becoming known as the cosy web. The cosy webScaman talks about the term coined by Venkatesh Rao, inspired by a theory from Kickstarter founder Yancey Strickler, describing the safe spaces of the internet, spaces where the bots and algorithms have not yet infiltrated. Messaging apps, private groups, storage services such as Dropbox and email fall into the cosy web. Scaman points out we have got to the point where we have to admit that big social is not healthy for us anymore and is on the decline. Platforms such as Twitter have caused us to be more divisive than ever, all screaming at each other, and the experiment of the global town hall has not worked. Enter the cosy web, the space where smaller cohorts and closed ecosystems of like-minded pockets of people with shared interests form the basis of new communities. The rise of community economiesWeb Phase 3, she says is becoming a place of collective wisdom, collective efforts, a sense of belonging, a place where we want to make stuff together, build together, evolve together, where the ability to have peer-to-peer interactions is generating new business models, strategies and community economy. AI, democratisation and ownershipWhat AI is doing, she says, is turbo-charging the democratisation of creativity, via platforms such as Discord, MidJourney, Unreal Engine etc. that allow the means for people to come together to form communities and to create. Reciprocal value flowBrands and advertising agencies are super scared that generative AI will take over their jobs, says Scaman, but these new technologies are also inspiring new thinking - about how brands can unlock reciprocal value flow from fans, users, makers and co-creators. From passive to participative, ownership to belonging, fixed products and brands to iterative, and most importantly from closed components to open components, these are strategic opportunities for brands to evolve. Any concepts that can be used to add and to build, to empower and to collaborate on new possibilities, are in the right direction - the articulation of the title of Scaman’s Multiplayer Brand. Research done with the Walton Family Foundation into Gen Alpha, the successors to Gen Z, denotes that for this up-and-coming Gen, the future of education is the act of creation and play with engines such as Minecraft, Roblox, Lego leading as the biggest players in the field. The new spirit of reciprocity and generosity
The age of the multiplayer brand is upon us, people want to cooperate, co-create and participate and according to Scaman’s research insights we will be seeing more and more shifts to the new open source, open share platforms of empowerment, communities, business and shared investment models. About Terry LevinBrand and Culture Strategy consulting | Bizcommunity.com CCO at large. Email terry@offtheshelf.co.za, Twitter @terrylevin, Instagram, LinkedIn. View my profile and articles... |