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Web3 White-label Solutions Unlock New Forms of Monetization for Media and Influencers

Published September 16, 2024 3:00 PM
Published September 16, 2024 3:00 PM
By Yaniv Baruch
Verified by Samantha Dunn

Key Takeaways

  • Web3 white-label solutions offer a cost-effective and customizable way for media companies and influencers to monetize their efforts.
  • Due to their blockchain-based nature, these solutions provide transparency and credibility.
  • This is also driven by advancements in blockchain technology and increasing cryptocurrency adoption, which have made dApps more accessible and user-friendly.

One thing internet users can count on is the constant evolution of monetization methods. Media companies and influencers are always looking for new ways to profit from their efforts, with ad revenue, sponsored content, and merchandise being the most popular formats so far.

White-label solutions are pre-made products developed by third-party entities, who then sell them to companies in need. Deploying white-label products leads to new types of products and experiences in a company’s ecosystem and passive income as users participate in the new types of engagement. 

However, the introduction of Web3 brings with it a few novel monetization methods. While the concepts of typical monetization methods are well known, a less familiar approach is using white-label solutions.

The Web3 White-label Approach

When it comes to white-label crypto and Web3 offerings, they typically focus on trading, NFTs, gaming, and different kinds of dApps.

This is partly due to the cost-effectiveness of white-label solutions, which can be a more affordable alternative to developing a product from scratch (this is very important for non-tech companies and influencers), and partly due to the power of Web3, making it easier than ever to distribute white-label products.

Web3 white-label offers a high level of customization, allowing companies to tailor these products to their brand identity and achieve a new level of engagement with their audience.

Just because a product comes from a third party doesn’t mean the company deploying it will provide a subpar experience. On the contrary, with a white-label solution, a platform can substantially cut production costs and focus on the product’s conceptual quality.

Another benefit of Web3’s white-label solutions is the transparency they offer due to their blockchain-based nature. For non-tech companies, media, and influencers, this means greater credibility and a stronger relationship with both the white-label provider and their audience, as they can ensure that their monetization practices are transparent and fair.

New Monetization Models

By offering a comprehensive ecosystem of blockchain and gaming-related products, white-label provides some of the most accessible and transparent Web3 tools on the market. With just a minimal fee, anyone can leverage these white-label solutions to generate passive income. These opportunities starkly contrast traditional white-label solutions, which lack such transparency.

In addition, white-label solutions are highly versatile, integrating seamlessly with existing client core products while bringing completely new experiences and monetization models. So, a company’s existing users will engage with new products and spend money, and the white-label buyers can earn passive income while gaining a new revenue stream.

Alongside their core offerings, white-label providers also share access to white-label buyers for their other ecosystem products, such as a wallet, cryptocurrency exchange, and fiat-to-crypto bridges. These features enhance the user experience and encourage increased spending within the platform, resulting in increased revenue for white-label providers, who earn a share of all funds entering the platform.

More Web3 White-label Solutions To Come?

Two main drivers of the growth of Web3 white-label solutions are technology and cryptocurrency adoption. Recent developments in blockchain technologies have made great strides in leveling the overall user experience. Solutions include account abstraction to remove multiple transaction approvals, ensuring uninterrupted dApp usage.

Relayer technology allows the network to sponsor user transactions, introducing a completely gasless user experience. A self-custodial wallet based on the ERC-4337 standard eliminates the need for seed phrases and private key management.

Simply put, users of white-label solutions based on the newest L3s don’t need to manage their wallets, confirm multiple transactions, or pay gas fees. This removes all the complexities typically associated with blockchain applications, making them accessible to millions of Web2 natives who were previously put off by decentralized applications, and thus, Web3 white-label.

As these technological developments increase engagement and UX, more developers and businesses will feel confident entering the Web3 space. This will lead to increased investment and drive innovations further.

The new ability for influencers and media to engage their audiences while earning additional income will contribute to greater financial security and long-term success.

Market trends indicate a shift toward greater adoption of Web3 technologies, driven by new market opportunities, cryptocurrency regulation,  and peoples’ desire for greater autonomy and control.

Ultimately, Web3 white-label solutions offer new forms of monetization for media companies and influencers. By offering customizable, decentralized platforms, these solutions empower creators to explore new revenue streams and take control of their digital futures.

Disclaimer: The views, thoughts, and opinions expressed in the article belong solely to the author, and not necessarily to CCN, its management, employees, or affiliates. This content is for informational purposes only and should not be considered professional advice.