1.Economic Value Creation:
Results from the difference between “perceived utilities” gained in a transaction and the economic cost of delivering that transaction. Since economic value creation depends on the utilities perceived, it is observer relative and it is not intrinsic. Therefore, it is client/user/consumer-based.
2. Creator Economy:
The Creator economy is a software-facilitated economy that allows creators to earn revenue from their creations.
The three top trends in the creator economy are:
> Creators moving their top fans off of social networks and on to their own websites, apps, and monetization tools
> Creators becoming founders, building out teams and assembling tools to help them start businesses while focuses on their art
> Creators gaining power in the media ecosystem as fans seek to connect with individual personalities rather than faceless publishers