“Replay’s Blockchain-Based Video Distribution Aims to Revolutionize Streaming Industry”
– The streaming video market is projected to reach $200 billion in 2023, but the revenue-sharing mechanics create an imbalance between creators and platforms.
– Replay, a decentralized video streaming protocol, utilizes blockchain technology to provide transparency and fairness to content creators by monitoring content usage and compensating them in real-time.
Replay’s decentralized video distribution ecosystem aims to address the revenue-sharing imbalance in the streaming industry. By utilizing blockchain technology, the protocol ensures transparency and fairness for content creators by monitoring content usage and providing real-time compensation. This solution offers a potential way for mainstream media brands to manage the issues surrounding value distribution in the industry. Replay’s first streaming service, RewardedTV, also utilizes Web3 to reward viewers with digital tokens, creating a gamified experience with features such as leaderboards and competitions. Through Replay’s asset management portal, creators can have direct control over their business models and build relationships with platforms, publishers, and communities that support them. As a participant in the Cointelegraph Accelerator program, Replay’s innovative approach to video distribution has been recognized for its potential in the growing Web3-driven video industry.