Spotlight

/spotlight is a creator monetization protocol launching soon where the goal is to get you paid ETH once per day, every day

the amount of ETH? that depends

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spotlight

so, how do creators make money on the internet?

in a lot of ways, ofc. subscription, advertising, sponsorship, etc.

https://warpcast.com/mjc716/0xfc2b8f64

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the rough takeaway from my previous thread was that *attention* is paramount for monetizing effectively on the internet, yet none of the internet’s business models optimize for it.

so what is the current state of affairs and what alternative does /spotlight propose?

https://warpcast.com/mjc716/0x2831d2f4

thread one in this series: https://warpcast.com/mjc716/0x2831d2f4
thread two:

app developer /spotlight | MediaFi & Attention Markets

thread one in this series: https://warpcast.com/mjc716/0x2831d2f4
thread two: https://warpcast.com/mjc716/0x2c25be71

first, the basics. 

if you have a farcaster account, you already have a spotlight account. you can earn ETH before ever logging in.

SpotlightV1 proposes an alternative model of patronage that is simple and flexible: you have one unit of attention to sell per day and that’s it.

at equilibrium, the price of the service you’re providing algorithmically adjusts to the highest value someone is willing to pay for it

the protocol runs a rolling dutch auction where
- your spotlight can be booked up to one week in advance
- once per day everyday, the spotlight seven days from now becomes available
- the sooner in the week a spot is booked, the more future prices increase


your daily spotlight starts at a minimum price and can theoretically increase to any value, fluctuating based on the demand formula explained in the next cast.