It is earning money on the internet that used to be an innovative trend not too long ago, mainly by providing original entertainment. It’s not a trend anymore; it’s a vast industry that’s hitting hard on the traditional entertainment corporations by connecting content providers with consumers more directly than ever before.
Youtube celebrities are now a regular thing, mainly because Youtube is the premier platform. It capitalizes the hard work done by content creators. Yes, it shares the wealth a bit, but the monetization rules are considered to be a tiny bit too arbitrary by some of the talent.
The internet, new technologies, and social media are helping all kinds of people to express themselves with little more than a mobile phone, internet access, and time. Yes, a lot of this remains driven by media platforms. And yes, they keep most of the income for themselves as well.
Going back to 2005, when the video giant, Youtube first appeared, it was supposed to be a quick and convenient way to share simple home videos. Then it exploded, and it wasn’t long before you could find all kinds of content posted by people almost entirely devoted to it as a career. The term “youtuber” came into existence. And as it keeps getting bigger, the pie’s piece that goes to content creators keeps shrinking.
As the system keeps growing and looks progressively more unfair to creators, alternatives are needed to even the field out between the authors and the corporations and blockchain technology could just be the ticket. The new systems need to be fairer to those users who provide the content at the same time that they bring them closer together with those users who like their ideas and creative proposals.
VibraVid in the Tron Network
Take VibraVid Inc., for instance; it’s an application developed for the Tron ecosystem which combines the BitTorrent network protocol with Tron’s blockchain to drive interactions between fans and the creators in a more fair way, without the central authorities unavoidable in the “Big Business” model.
VibraVid includes a cryptocurrency of its own known as BeatzCoin (BTZC). It’s a lubricant that makes it easier for users to do some self-marketing, or buy content, and connect directly with the content creators.
VibraVid aims to be an environment that helps all kinds of original content provider by creators (audio, video, photographs, you name it) to get promotion and find its way to the consumers who want it. Additionally, user-engagement and self-marketing are superior to in the traditional corporate and centralized platforms.
It all is supposed to bring about more direct interaction between consumers and providers so that it’s easier for creators to increase their personal audiences and for consumers to find the kind of content they prefer. It makes everything more profitable for producers and cheaper and more entertaining for consumers.
Tasos Oureilidis, the Chief Business Development Officer of the organization, said in a medium post,
“Undoubtedly, I couldn’t imagine VV’s (VibraVid’s) current status when I entered the core team back in April 2018. One year has passed, and it seems like yesterday. Over the course of a year, I perceived BeatzCoin through a variety of perspectives,”
Oureilidis added further,
“This is due to the market’s ups and downs, migration from ETH to TRX blockchain, the decision to conduct a pre-token-trading-event during the worst bear market after December 2017, etc.”
The platform has got a good number of artists excited about it already, so there are high chances that it will get a significant fraction of attention on the launch.
The project is now ranked in the top 5 in the Tron Super Representative network, so it’s gathered quite a bit of credibility within the Tron network which is currently the world’s primary resource for decentralized applications. As things stand, Beatzcoin is undoubtedly a project worth keeping an eye on.
Editor’s note: The article was updated after publication as the firm reached to us to update the role of their team member mentioned in the piece.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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