Los Angeles, March 17, 2022 (GLOBE NEWSWIRE) -- iPay, a payment solution for one of today's fastest-growing business areas in the creator economy launches as a de facto payment gateway for content creators in web 3.0.
Web 2.0 platforms are no longer relied upon by creators for the infrastructure that they have traditionally given in order to make money. Creators are migrating their audience away from larger platforms and onto their own websites and apps to adopt new monetization strategies. The power of creators can encourage widespread adoption of cryptocurrencies by providing direct, secure, and fast transactions. A currency designed specifically for the creative economy can serve as a monetization tool as well as an investment vehicle for holding and appreciating the value that creators make collectively. iPay aims to use breakthrough blockchain technology to become the major money and method of safe, anonymous virtual transactions for industries not limited to: mainstream/adult creators, gaming, gambling, and more, including their migration to the metaverse.
Digital content providers can use platforms like iFans to develop an online community and sell their work directly to their followers and subscribers. iFans is enabled by a digital paywall for direct monetization, unlike social networking networks where users generate money indirectly through advertisements placed within their content. Even if they don't want to work full-time as a digital content developer, they can make money by selling their work on iFans in their leisure time.
As more creators, creative platforms, and industries spurned by banks and big tech flock to iPay, they will be able to take advantage of not only all of the benefits we've listed, but also serve as a repository for the enormous appreciating value they're generating collectively.
iPay is much more than a utility token. Its chances would be excellent if that were the only factor. However, the goal is to present it as a game-changer by realizing the vast and explosive value that the creator, adult, and gaming sectors generate collectively through a token and the transactions conducted through it.
With the expansion of these industries into the virtual reality metaverse, the growing market for NFTs within them, the need for secure and anonymous virtual payment solutions, and the rapid adoption of cryptocurrencies, iPay will be positioned as the right token, in the right place, with the right ideas and vision, at the right time.
iPay aims to become the biggest payment corridor for content creators
The current value of the creator economy is 104 billion dollars, with a forecast of 5.25 trillion dollars by 2030. The current worth of the cryptocurrency market is 2.5 trillion dollars, and it is expected to grow to 250 trillion dollars by 2030. The market for NFTs is currently worth $100 million. And by 2030, the market is predicted to have grown 2000 times to a value of 204 billion dollars. The current market value of the metaverse is $47 billion. This market is expected to grow to a size of $2.4 trillion.