Theta is utilizing web3 technology to establish a new class of decentralized, community-oriented businesses in the media and entertainment industries. This is how $Theta can revolutionize the online video platform market: 🔽🧵
#Theta #thetanetwork @Theta_Network @w3Andrea
#Theta #thetanetwork @Theta_Network @w3Andrea
1⃣ Subscription-based streaming businesses
As the market becomes oversaturated with streaming services like Netflix, users are beginning to question whether the high monthly fees are worth it. They are reevaluating the need to continue paying costly fees due to market saturation.
As the market becomes oversaturated with streaming services like Netflix, users are beginning to question whether the high monthly fees are worth it. They are reevaluating the need to continue paying costly fees due to market saturation.
📽️Theta's solution
✅Theta proposes a Web3 equivalent that leverages its video focused edge computing infrastructure and Theta Video API technology to reduce costs of encoding, storing and delivering videos across devices.
✅Theta proposes a Web3 equivalent that leverages its video focused edge computing infrastructure and Theta Video API technology to reduce costs of encoding, storing and delivering videos across devices.
✅Further incentivizing their solution is an embedded P2P network which rewards viewers for watching or sharing videos within the platform - ultimately driving user growth once again!
2⃣ Free, ad-supported video services
Ad-supported video services such as Youtube and Twitch are seeing stronger traction in the market due to their value proposition for consumers. Though they face challenges with user engagement, retention rates and competing providers.
Ad-supported video services such as Youtube and Twitch are seeing stronger traction in the market due to their value proposition for consumers. Though they face challenges with user engagement, retention rates and competing providers.
📽️Theta's solution
✅Theta's decentralized peer-to-peer model can reduce encoding, storage fees while also returning control to users via community based TNT token governance models – creating an unique opportunity for vested interest into these platforms' long term success.
✅Theta's decentralized peer-to-peer model can reduce encoding, storage fees while also returning control to users via community based TNT token governance models – creating an unique opportunity for vested interest into these platforms' long term success.
3⃣ Pay-per-view Platforms
Subscription services like Amazon Prime are becoming more important as movies premiere online and in theaters at the same time. Web3 business models offer companies a chance to turn one-time customers into lifelong fans of their brand.
Subscription services like Amazon Prime are becoming more important as movies premiere online and in theaters at the same time. Web3 business models offer companies a chance to turn one-time customers into lifelong fans of their brand.
📽️Theta's solution
✅By supporting a movie franchise, fans can be rewarded with #NFTs that grant offline benefits and engagement in the sequel. Finishing a collection could make consumers eligible for exclusive access, meetings with stars, or even involvement in future movies.
✅By supporting a movie franchise, fans can be rewarded with #NFTs that grant offline benefits and engagement in the sequel. Finishing a collection could make consumers eligible for exclusive access, meetings with stars, or even involvement in future movies.
✅ For Web3 models, Theta's EVM-compatible blockchain offers an efficient way to implement smart contracts. This process traditionally has been murky and slow, taking up to six months for IP holders and creators to receive their payments.
4⃣ Conclusion
With these solutions, $Theta is transforming the online video platform industry from one limited by centralized control and rent-seeking behavior to one powered by community validation and level playing-field access.
With these solutions, $Theta is transforming the online video platform industry from one limited by centralized control and rent-seeking behavior to one powered by community validation and level playing-field access.
As the demand for online streaming solutions continues to grow, we can likely expect the potential of $Theta to expand even further🔥.
That's a wrap!
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