No, I did not use ChatGPT to write this ;)
A key missing piece for the Medusa project is a fleshed out product use-case with initial traction.
Q1 Milestone: Find, develop and share successful user stories
Currently, our plan is dOnlyFans. Given our limited time, my personal opinion is development will move too slowly because it’s planned for FVM/IPC. I propose an alternative-but-similar idea that I’ll refer to as OnlyFiles
dOnlyFans aims to create a decentralized version of OnlyFans. In my mind, that means the content is explicit or sex work related content. I think that’s a totally valid use-case and product, but it’s going to be difficult to supplant OnlyFans. It has to be 10x better.
OnlyFiles is a similar platform with the same underlying tech, but the premise is that it’s a marketplace to buy-and-sell AI-assisted, expert-created content.
The watershed moment of technology in 2022 is that content just became 1000x cheaper to create using generative models. Artists, experts, and regular people can create prolifically. Let’s give them the platform where they are free to transact this content. Let’s build the first marketplace for AI-assisted digital content.
I argue that Medusa and Medusa Pay are protocols, not products. Similar to the Uniswap protocol for AMMs. Or the Seaport protocol for NFTs/orderbook asset exchange.
The companies that develop these protocols capture value in their brand/products - Uniswap frontend and Opensea. Another example that closely resembles Medusa is LayerZero and Stargate.
We have a v1 for Medusa and Medusa Pay and we should focus effort to build our own integrated product in order to capture value, rather than wait for others to build on top.
A platform for selling digital content. But let's position it/market it specifically for selling AI-generated content. There isn't an existing product for that niche yet.
If you want cheap and high-quality content, you should buy content created by an expert assisted with AI (with some sort of reputation/review system).
And if you're a seller, you should sell high-volume and accept lower prices because it's cheap to create.