Episode 24: Why Fans Deserve Ownership: How Web3 Fixes Broken Sports Media
Description
The Future of Sports and Entertainment: Decentralized Ownership and the Role of Web3
In this episode of Old Men New Money, Phil Larmon discusses the systemic issues plaguing the sports and entertainment distribution models. He argues that the current system is fundamentally broken due to the disappearance of scarcity, leading to economic collapse and fragmentation in media consumption. Phil breaks down how Web3 technology can solve these problems by introducing scalable ownership models, decentralized content creation, and peer-to-peer betting. He explains how tokenized media distribution can align the interests of fans, creators, athletes, and leagues, making them stakeholders rather than mere consumers. The episode concludes with a look at how this shift will permanently change the economics of sports and entertainment.
00:00 Introduction: The Broken Distribution Model
01:43 The Collapse of Scarcity in Media
03:06 The Rise of Fan Ownership
04:52 Web3: The Future of Media Distribution
05:59 The Streaming Dilemma
07:43 Tokenized Media and Fan Engagement
12:07 Decentralized Betting and the Future of Sports
13:11 The Inevitable Shift to Tokenized Media
17:12 Conclusion: Rewriting the Economics of Entertainment
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