Veronica Belmont and special guest Jane Lytvynenko discuss the emerging attention economy and how your attention has become valuable on social media. They explore the stories of Hamlet the Piggy, Lisette Calveiro, and media theorist Douglas Rushkoff. Topics include the price of attention, the shift from content to advertising, the relationship between racism, sexism, and fake news, and the competition for online attention.
The emergence of an attention economy has transformed the dynamics of content creation, with individuals monetizing their online attention and prioritizing metrics and likes to appeal to their audience and potential advertisers.
The podcast highlights how individuals are leveraging the internet's fascination with cute animals, such as Melanie Garcia and her Instagram-famous pig named Hamlet, to gain attention and financial opportunities, blurring the line between harmless content creation and overspending in pursuit of maintaining an attractive online presence.
Deep dives
Monetizing Online Attention
In this podcast episode, the host explores the ways in which individuals are monetizing their online attention. She discusses platforms like You Now, Twitch, and Periscope, where people can livestream performances and receive real-time donations. These platforms have created an emerging economy of attention, allowing content creators to earn hundreds or even thousands of dollars a week based on the level of attention they capture. The podcast also highlights how individuals in Russia accept payments for performing tasks on Russian YouTube, ranging from singing poorly to causing harm to themselves. This attention economy has transformed the dynamics of content creation, with individuals prioritizing metrics, likes, and clicks to appeal to their audience and potential advertisers.
The Power of Personal Branding on Instagram
The podcast delves into the story of Melanie Garcia and her Instagram-famous pig named Hamlet. Melanie started an Instagram account for Hamlet, who gained rapid popularity and amassed over 330,000 followers. This popularity translated into sponsorship opportunities, allowing Melanie to quit her job and focus on Hamlet full-time. The episode illustrates how people are leveraging the internet's fascination with cute animals to gain attention and financial opportunities. It also explores the fine line between harmless content creation and the tendency to overspend and live above one's means in pursuit of maintaining an attractive online presence.
The Attention Economy and Online Value
The final part of the podcast introduces Douglas Rushkoff, an author and expert on media, technology, society, and economics. Rushkoff explains the concept of the attention economy, where the value of online companies is determined by the number of hours users spend consuming content. He highlights the shift from content creators focusing on delivering content to audiences, to delivering audiences to advertisers. The episode emphasizes how our attention has become a valuable resource, with companies and individuals competing for it. Rushkoff encourages understanding the motives behind online platforms to use them intelligently. He also suggests valuing human time, effort, energy, and experiences beyond market metrics. The podcast concludes with reflections on the struggle to strike a balance between seeking attention online and staying true to one's authentic self.
There’s a new currency in town (and no, we’re not talking about Bitcoin). We’re talking about attention. In this episode of IRL, Veronica Belmont and special guest Jane Lytvynenko explore all the ways your attention has become worth money on social media. Meet Hamlet the Piggy, an Instagram star who is helping her owner cope with epilepsy and also build a business; Lisette Calveiro, whose quest for fame online left her spending beyond her means; and media theorist Douglas Rushkoff, who discusses what’s behind the emerging attention economy.
IRL is an original podcast from Mozilla. For more on the series go to irlpodcast.org.
When does attention online turn into addiction online? Here’s a perspective from Mozilla’s Heather West.
Imagine a world where social networks weren’t necessarily designed to capture your attention, but instead were built to benefit you and your community. Here are some thoughts by Katharina Nocun on what this would look like.
And, here’s a piece by Nick Briz about how attention merchants online use your digital fingerprints to target you with content.
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