MediaMint: A Media-Backed Currency System
1. Core Concept:
A major media conglomerate decides to promote creative content as part of its corporate strategy. They offer unused media credits to their customers.
2. Credit System:
- Credits are used like cash
- Customers can use credits for gifts or purchases at various locations
- The company opens a membership club
- A percentage of sales goes into a membership pool for content creation
- The company keeps half, customers get credit for their proportion
- More purchases lead to more credits
3. Content Production and Distribution:
- The media company sets up production studios and distribution channels
- Each outlet (streaming platform, bookstore, etc.) connects to the central system
- Excess content access is sold to customers who subscribe to multiple services
- Free credits given for large purchases
- If demand exceeds supply, they license content at prevailing rates
- During off-peak hours, they produce content to use during peak times
4. MediaMint Design:
- Works within existing media and financial systems
- Offers various revenue and pricing models
- Secure tools manage relationships between consumers, creators, and distributors
- Transactions tie in with content management systems
5. Service Providers:
- Agents and third parties produce, distribute, and provide information or transaction services
- They group customers by preferences, demographics, etc.
- Agents add value through economies of scale, guarantees, financing, and group discounts
6. Business Opportunities:
- Software companies can develop platforms for MediaMint transactions
- Consulting firms can advise on implementation and optimization
- Service providers can earn transaction revenue
7. Revenue Models:
(Adapt the KWCash revenue models to fit MediaMint, replacing energy producers with content creators, utilities with distributors, etc.)
8. Superdistribution:
- Customers become content redistributors
- Group leaders earn overrides on transactions
- Multi-level models of content distribution
This MediaMint system could potentially:
- Double media content production capacity by certain target dates
- Significantly increase diversity in content creation
- Reduce reliance on traditional media funding models