Video might have killed the radio star, but the spoken word is alive and thrives. A (re) discovery path between technology and fresh ideas.
As the “passion economy” paradigm is challenging the “platform economy” (i.e. the domain of demand/offer orchestrators, global marketplaces, and social networks), so its extension to the world of learning is democratising the teaching and learning experience: it allows to offer much more than what MOOCs cover, both in terms of topics and of experience.
A record number of artists, musicians and creatives joined Patreon to compensate the revenues lost during the pandemic, asking their fans to subscribe to them and pay a monthly fee. After all, if you get Netflix and Amazon by subscription, why not your favourite band? A journey into Patreon and its business model.
Is there a future beyond the platform economy? Yes, and it has a name: welcome to the passion economy.
Patreon is the original champion of a new ecosystem that has been popularised in the late 2019 by Jin Li, a former investor at Andreessen Horowitz, and Adam Davidson, an American journalist working at the National Public Radio, under the charming name of “Passion Economy”.
In this ecosystem, passionate individuals and knowledge professionals can make money out of their talents and turn passions in a livelihood by developing a direct relationship with their audience and customers.