2 years ago
More than 50 cardinal radical worldwide see themselves to beryllium creators of immoderate benignant of content. The contented creator system is simply a fast-evolving marketplace niche that is experiencing exponential growth. Its existent size is estimated to beryllium a small implicit $100 billion, showing an 8-fold summation year-on-year. This caller economical assemblage requires caller approaches and instruments, arsenic ample firm platforms workout large powerfulness implicit the creators’ content, and idiosyncratic websites and blogs person constricted reach.
The occupation with Web 2.0In the existent authorities of the Internet, known arsenic Web 2.0, contented is stored connected a peculiar server oregon machine and accessed via a web code known arsenic a URL, oregon Uniform Resource Locator, that specifies its determination connected a machine web and a mechanics for retrieving it. This means that the proprietor of the machine oregon the server wherever contented is stored has implicit power implicit whether and however it tin beryllium accessed and tin bounds entree oregon adjacent delete contented astatine immoderate time.
At present, if the creators of video content, photographs, oregon blogs privation to get their worldly retired into the world, they person small prime but to station it connected large societal web platforms similar Alphabet’s YouTube, Meta’s Facebook and Instagram, TikTok, Pinterest, Tumblr, Snapchat, and the like. While this provides entree to immense audiences, this payment comes with large drawbacks.
This is due to the fact that each contented is stored and hosted connected these Big Tech companies’ cardinal servers, which these firm behemoths person implicit power of, and creators indispensable springiness up a large woody of powerfulness implicit their contented to enactment it there. At immoderate clip and astatine their ain discretion, these societal media giants tin artifact immoderate contented they dislike oregon deprive creators of the quality to gain wealth from it. The level has nary ineligible obligations to the creators, truthful creators person nary close to assertion damages. All gross generated by the creators’ contented is collected and distributed by the network, and creators person nary accidental arsenic to what stock they volition receive. This disparity successful presumption of powerfulness and gross puts contented creators astatine a large disadvantage.
Could Web 3.0 beryllium the answer?The reply to this conundrum whitethorn beryllium the 3rd iteration of the internet: Web 3.0
Web 3.0 represents a full caller signifier of improvement for the internet, successful which moving with web contented volition beryllium organized successful a wholly antithetic way. It is based connected decentralizing contented by storing information not connected conscionable 1 cardinal server, but distributing it among galore computers, oregon nodes, successful a P2P (peer-to-peer) web with the assistance of blockchain technology. In this way, contented is nary longer held hostage successful ample firm information centers, and large corporations and authorities authorities suffer their quality to dictate if oregon however it tin beryllium used.
Web 3.0 technologically eliminates the monopoly of Web 2.0 platforms and returns ownership of contented to the creators themselves. This volition fundamentally alteration the mode creators nutrient and negociate their contented portion providing them with amended opportunities to nett from their work.
Moving into the futureWhile Web 2.0 platforms person demonstrated their commercialized value, their drawbacks are becoming progressively apparent. Delivering contented done Web 3.0-based platforms tin beryllium the perfect reply to the problems creators presently look erstwhile dealing with faceless corporations. This is peculiarly existent for creators of video content, whose enactment whitethorn beryllium arbitrarily censored, restricted, oregon demonetized.
One specified solution is simply a caller exertion called FavorTube, which is simply a Web 3.0 media-streaming level offering real-time, consumer-grade HD video playback and afloat lifecycle services for contented creation. It connects contented creators, consumers, and fans successful 1 decentralized level that is transparent, fair, and anti-censorship, wherever each users benefit.
With FavorTube, contented creators nutrient and upload videos and gain gross erstwhile consumers subscribe to their channels oregon content. Revenue from user views of ads connected the level is automatically distributed among creators, the platform, and viewers via astute contracts. Multiple forms of NFTs (permanent membership, crowdfunding) tin beryllium issued with 1 click, and gross from channels oregon contented is automatically distributed to NTF holders. Access to contented is authorized connected the P2P network, which protects the rights and interests of commercialized videos. Randomly assigned DAO (decentralized autonomous organization) auditors from the FavorTube assemblage show contented and tin prohibition worldly deemed to beryllium inappropriate.
FavorTube uses its ain protocol stack, dubbed FavorX, arsenic decentralized retention and contented organisation underlayer. While immoderate projects person already carried retired theoretical exploration and technological R&D successful this area, FavorTube is the archetypal media-streaming level to instrumentality implicit decentralization for record storage, contented distribution, information retrieval, and acquisition transactions. Its out-of-the-box desktop and mobile applications are straight connected to the blockchain connected mobile terminals via P2P networks whose show increases arsenic the standard of the web expands. FavorTube is besides the archetypal afloat decentralized exertion task to enactment the usage of mobile terminals straight connected without gateways connected an anti-censorship and globally accessible streaming platform.
FavorTube takes the underlying concepts of akin Web 2.0 platforms but discards the monopolistic practices they usage to make excess profits, frankincense creating a caller concern exemplary for contented instauration and gross organisation by harnessing the decentralized fiscal characteristics of blockchain. Its decentralized retention and contented organisation capabilities crook the powerfulness narration betwixt contented creators, consumers, and contented show platforms connected its caput to instrumentality the cardinal thought down Web 3.0 – that information is owned by users
This represents a multi-dimensional leap implicit existing Web 2.0 contented instauration platforms, from the method instauration to the concern model, and provides contented creators and consumers with an anti-censorship, high-yield, and autonomously increasing exertion platform, which volition beryllium the archetypal blockchain exertion task to exploit the commercialized worth of Web 3.0.
As Web 3.0 develops, determination is nary uncertainty that different projects volition look and travel successful the footsteps of this ground-breaking project, arsenic contented creators progressively question retired caller platforms wherever they tin show and nett from their enactment freely and fairly, without the ever-present oversight of Big Brother corporations.
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