Today, the creative economy uses the internet as a means to distribute and collaborate on creative assets. However, most of the monetization still occurs through systems that are bound by locality. Internet-first distribution needs to evolve into internet-first monetization to overcome the constraints of locality and unleash its true potential. The New Earth Collective aims to construct a new foundation for the Creative Economy that will enable creative ideas to be monetized in an internet-native manner.
Growth in the Creative Economy can only happen when more people participate in creative processes and nurture their individual creative faculties. Modern economic systems fail to incentivize personal well-being and growth, as existing incentive mechanisms are anchored on material welfare. Creative welfare needs strong emotional development in addition to material welfare. The New Earth Collective offers custom incentive mechanisms that enable individuals to work on their personal development journeys to "Discover the Creator Within.”
Web3 technology enables us to build internet-first economic frameworks with programmable incentive mechanisms. This can be used to reimagine and reprogram processes in the creative economy in an internet-first manner, giving rise to a new Operating System for the Creative Economy.
Our economic systems seem to miss out on capturing the impact that the free flow of creative ideas have on us as individuals and society at large. Existing economic order is constrained by locality and outdated regulatory systems. The New Earth Collective is our attempt to solve this problem. We aim to provide a techno-cultural foundation that enables each individual to unleash their creativity and participate in ecosystems where they can generate basic income for themselves.
