Where Industry Meet Trends

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In the present creative economy, creators are becoming more intelligent and inventive in their pursuit of financial rewards. Only in the last year, 77% of all creators worldwide made money from their work. According to 48% of “monetizers,” content sales make up more than half of their monthly income. Non-professional artists who identify as BIPOC and/or women make 20% to 21% less per hour than their competitors. According to 68% of creators, as the metaverse expands, there will be more employment prospects. 54 percent of amateur artists are making money off of their creative digital efforts. This is a widespread issue that is not limited to the United States. According to 48% of people who monetise their work, creative efforts account for more than half of their monthly income.

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The metaverse is expected to create new career possibilities, according to 68% of creators. The creator economy is predicted to develop further as non-professional creators are drawn by monetization prospects to transform their hobbies into profitable ventures. Between the ages of 16 and 18, half (49%) of Gen Z monetizers believe they would rather launch their own creative enterprises than go to college. Men make $55 per hour on average, whereas women and BIPOC (Black, Indigenous, and Pacific Islander) artists make $44 per hour. Compared to only 25% of white artists, one-third of Gen Z BipOC creators began out with the intention of converting their hobby into a job. According to two-thirds of creators, as the metaverse expands, there will be more employment opportunities.

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