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Indian IT Minister (government technology official) Ashwini Vaishnaw urges fair creator revenue sharing

According to Ashwini Vaishnaw, social media platforms should share revenue fairly with content creators, a stance that feeds into debates on web3 (blockchain-powered internet) monetization and smart contracts (self-executing blockchain code) for automated payouts.

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Terms & Concepts
  • Web3: A decentralized, blockchain-powered internet model enabling user ownership and token-based incentives.
  • Smart contract: Self-executing blockchain code that automates transactions and payouts based on predefined conditions.