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RE: Understanding Smart Media Tokens (SMTs) using the New York Times

in #smt7 years ago

I have worked (a lot) with modern era online publishers - read more traditional outlets learning how to make the Internet work for them.

Having a team of devs available isn't the issue to them. More modern news startups often also are funded by Omidyar (ebay co-founder) and can thus invest in things.

But the bigger hurdle would be pitching the awesomeness to them. If they can be presented with a MVP at low cost, most definitely will many jump on it. Especially since many/some have expandded into also allowing netizens to contribute in a corner.

Think how iCNN could have been different with this. Another great example would have been Squidoo, but Squidoo's model is closer to Steemit itself, minus the blockchain.

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Yes I think they risk being left behind if they don't adapt to such an ecosystem. Media publishers that reward their users and content producers will have the potential to overtake traditional media in terms of advertising revenue by expanding their user base.

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