By Muhammad Sal
Storipod, an African-founded web3 platform for writers and creators, has announced a shift, moving its payment infrastructure entirely on-chain using Base, the Ethereum Layer 2 network incubated by the US crypto exchange Coinbase.
This upgrade earlier announced by Storipod founder James Nelson, allows creators to earn directly in cryptocurrency, effectively eliminating geographical barriers and traditional payment friction.
In the traditional Web2 creator economy, writers, particularly those in emerging markets like Africa, face numerous challenges, including high international transaction fees, payment processor restrictions, and lengthy settlement times.
Storipod in order to bridge these existing gaps intends to leverage on a blockchain solution like Base to provide instant, borderless, and permissionless payments. This aims to democratise monetization by providing creators with greater control over their earnings and audience engagement, enabling them to earn “like influencers and YouTubers.”
Critics point out the risk inherent in relying solely on decentralized technology. But for proponents it is a game-changer for digital economic freedom, particularly for creators in regions underserved by the traditional US-centric financial system.
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