Web Monetization Community

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Setting Up a Wallet for a Community

steve_g profile image Steve Goss ・1 min read

Our project finally getting some lift and content is being produced for and by the community we're collaborating with. We're now starting to look closely at how to best use content monetization to sustain the community's capacity to produce content. To that end, does anyone have any ideas on how to best set up a wallet that is managed by a community of content producers and not a single content producer? Has anyone done this yet?

Discussion (7)

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erikad profile image
Erika • Edited

Hey @steve_g ! If your goal is splitting revenue, then Probabilistic Revenue Sharing is something you might want to investigate. It's not a wallet solution, but does offer a way to divide revenue between more than one content producer. Here's Ben Sharafian's blog. There's a tool to set it up, and here's the GH repo if you want to dive a little deeper.

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cyberdees profile image
Desigan CHINNIAH

Or — the main project could through one of the wallet providers (Uphold for example) obtain a main wallet. And then have sub wallets for each community member/contributor. This is a conversation that you'd need to have with the wallet provider though, @steve_g . We could make an introduction to further that conversation.

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cyberdees profile image
Desigan CHINNIAH

Or — if the content is housed within a say a Wordpress instance and is using the Wordpress plugin, I believe it allows the ability for multiple authors/contributors each having their own payment pointer. @steve_g

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steve_g profile image
Steve Goss Author

Yea, these are great suggestions. Thank you. Just for clarity, with the WordPress plugin, I'm reading that there's no main wallet. The contributors have wallets, and the plugin just directs to their wallets? Is there anything else that we'd need to consider with this approach?

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cyberdees profile image
Desigan CHINNIAH • Edited

I believe that that is correct with regards individual contributor wallets.

However, I would advise to open an issue or ask a Wordpress question directly to the team, @steve_g .

github.com/coilhq/coil-wordpress-p...

Any other suggestions @marcperel ?

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chrislarry profile image
Chris Lawrence

Hi, @steve_g I love that you are here, when we can safely do it, we should meet up in the city. Hive NYC connections always abound! My colleagues gave the suggestions I would have, but I will also mention that this community is built using DEV.to's Forem tool that allows for individual contributors to add their payment pointers to a post (do you have yours connected?) This then creates a community platform that easily integrates shared web monetization. Let me know if you would like to learn more.

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steve_g profile image
Steve Goss Author

Ha! Hive NYC continues to have impact on everything I do. Such a great experience. And yes, we should definitely meetup when things are better in the city. What you're describing may be what we're looking for, which is the ability for individual members of the community to benefit directly from their posts. We've just starting focusing on the payment aspect, as this project started from scratch, so getting a web presence going and the community together has been where we've been working from. The question that we're currently exploring, now that we're looking at monetization, is whether the funds go directly to those community members who produce content or to the community collaborative that's driving the content being produced, supporting the sustainability of the content and the collaborative. It's the second aspect that we're trying to understand what may be possible, although tips on the first have been really useful for our thinking. So thoughts on either are appreciated.