A Guide to Curation in Community: Unlocking Value for You and Your Members

A Guide to Curation in Community: Unlocking Value for You and Your Members

Curation is a powerful tool that community builders can utilize to create immense value for themselves and their members. While it may seem like community curation is solely about creating a resource for members to access, the act of curating actually provides a multitude of benefits.

For members, the value of community curation is clear - they gain access to a source filled with hand-picked, trusted, and vetted information. This allows them to quickly find the information they need without having to sift through endless sources. However, the true value of curation lies in the process itself.

When we curate content for our community, we are forced to process and understand what our members are sharing. In this process, we inevitably learn more about the community we serve. We begin to notice new ideas popping up and spreading, and we have the opportunity to pass on this information to our members. In essence, community curation is a learning experience for community builders, allowing them to stay up-to-date and connected with the community they are serving.

But how do we decide what to curate? Before saving anything, it is important to ask ourselves whether it is truly worth saving. Is it valuable? If the answer is yes, then we capture it. However, it is crucial to exercise caution here. If everything is deemed special, then nothing is truly special. Curating should involve a discerning eye, focusing on capturing and sharing only the most valuable and relevant content.

Building a repository of curated content can be helpful for anyone in a business. It provides a centralized resource that can be utilized by members and potentially every employee in the company. However, the true power of curation lies in the ability to connect the dots. By curating content, community builders have the opportunity to identify patterns, trends, and insights that may not be immediately apparent. This ability to connect the dots can lead to unique ideas and insights that can further enhance the value of the community.

In recent times, the world of nonfungible tokens (NFTs) has experienced significant growth. According to a report from NonFungible.com, NFT sales surpassed $2 billion in the first quarter of this year, marking a substantial increase from the previous quarter. This surge in sales is largely driven by the art and collectibles segments, with projects like CryptoPunks and SuperRare leading the way.

Despite the recent price drops from the highs of February, the average price of NFTs has increased significantly during the first quarter. In the fourth quarter of 2020, there were $93 million in transactions, but this number more than doubled in the first quarter of 2021. Interestingly, NonFungible.com also noted that there were more than twice as many buyers than sellers in the first quarter. This indicates a massive interest in newcomers entering the NFT market, and also highlights the desire of current owners to hold onto their assets, creating a sense of scarcity.