How blockchain transforms the streaming industry via new business models
With a fusion of blockchain wizardry, cutting-edge tokenomics and top-tier security, EarnTV is on a mission to revolutionize the streaming and film industry.
In an era marked by ever-expanding technologies, traditional broadcasters, including Web2 streaming platforms and classic TV channels, appear to have fallen behind the curve.
Web2 streaming has long been the standard for delivering digital content. Services like Spotify, Netflix, and Hulu have become household names. However, they are all centralized platforms controlled by a single company. This centralization gives these companies significant influence over what content is available, how it is presented, and the pricing models imposed on users.
Furthermore, Web2 streaming lacks the interactive elements that many modern viewers crave. Unlike some newer platforms, which foster engagement and interaction among viewers, traditional Web2 streaming fails to provide opportunities for audiences to connect and share their experiences during content consumption.
In contrast, the emergence of Web3 streaming, built upon blockchain technology, signals a transformative shift toward decentralization. Here, artists reclaim authority, setting their prices and securing a more substantial piece of their creative pie. Blockchain’s decentralized nature empowers creators to democratize the market, while nonfungible tokens (NFTs) open up novel avenues for content monetization.
But it's not just about the creators; it's also about the fans. Web3 streaming platforms have a fan-centric secret weapon: rewards. Cryptocurrencies and NFTs also encourage participation through innovative models like “watch-to-earn,” giving viewers a tangible stake in the content they enjoy. Fans, the lifeblood of
Read more on cointelegraph.com
