A popular streaming platform just agreed to pay millions of dollars to customers in a privacy settlement deal. The streaming service Tubi will pay $19.99 million after facing accusations that the company shared people’s private information without consent. The terms of the settlement apply to people who used Tubi between June 23rd, 2021, and August […]
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The CEO of Bubblemaps joined the Space to watch and was treated to an “absolutely savage” show.
The founder of the Rizz memecoin found themselves in a precarious position while pitching their cryptocurrency during a livestream on X.com when its value suddenly plummeted by 90% as onlookers watched in shock.
Bubblemaps CEO Nicolas Vaiman had joined the space prior to the collapse and was privy to happenings as they occurred. Bubblemaps posted a thread describing the events on X under the aptly worded heading “this space was wild.”
According to the Bubblemaps thread, $RIZZ launched last week on the Solana platform. “With a decent $8M in volume,” the team writes, “the founder was invited to introduce his token on a live Space.” However, as Bubblemaps put it, “things quickly went south.”
Fans want to journey alongside their favorite musicians as they explore their creativity and expand their catalog. FanSociety hopes to be the Web3 platform that makes this possible.
Nonfungible tokens, or NFTs, took the world by storm in 2019 — and then eroded to near rubble as the entire crypto market contracted and the industry fell into a nearly two-year-long bear market. An objective assessment of the NFT phenomena might conclude that the technology did deliver on a good deal of its promises, and instead of writing off the failed projects as scams, it might be more insightful to take a closer look at what features were needed to make projects successful.
On Episode 35 of The Agenda podcast, hosts Ray Salmond and Jonathan DeYoung spoke with Miles, a Web3 developer who is the creative mind behind FanSociety — a funding mechanism for musicians that borrows and blends ideas from traditional fan clubs of the 1950s with modern crowdfunding ideas and immutable storage on blockchain networks.
Any aspiring musician knows that securing funding for an album is difficult, and of course, once the album is out, locking in fans for life becomes the next hurdle. Miles explained that he envisions FanSociety being used as a tool for creators to connect with their audience, reward loyalty and grow in a way that is more organic than the typical NFT collections that currently exist.
Hollywood strikes echoed the unbalanced value distribution in the streaming video industry — blockchain can change that.
Streaming video is one of the fastest-growing markets in the world, with the OTT video industry alone projected to reach $200 billion in 2023. Short for “over-the-top” video, the OTT video ecosystem includes on-demand video as well as ad-supported video content, and it is mainly driven by the growth of established Web2 streaming platforms, including Netflix, Hulu and Disney+.
The streaming video market is expected to grow at 14.3% CAGR. Source: Replay
While the reports project an $300 billion revenue for the streaming video business by 2027, the lopsided revenue-sharing mechanics of the industry creates an unhealthy balance between the creators of value and the platforms distributing that content. The centralized nature of the video streaming ecosystem allows for opaque distribution and lets platforms capture the vast majority of the revenue, leaving minimal value for video creators.
Although companies – ranging from talent agencies to tech projects – exist to broker and license content on behalf of the creator, they fail to track revenue accurately and mostly rely on manual record-keeping. The recent strikes started by the Writers Guild of America (WGA), Directors Guild of America (DGA) and SAG-AFTRA, the union representing actors in the United States, remind the film industry that the workers behind streamed shows are heavily underpaid and uninformed when they will get paid next, highlighting the issues in the traditional value distribution model.
One potential solution for mainstream media brands managing these issues lies in a decentralized, transparent video distribution ecosystem that utilizes the traceability and accountability qualities of blockchain technology. Replay, a decentralized video streaming protocol, aims to provide transparency and fairness to content creators and owners by building a video ecosystem with real-time compensation by monitoring content usage on playback and recording all data on a distributed ledger. The protocol can also gamify any video app with badges, missions and digital collectibles.
Replay’s first streaming service, RewardedTV, utilizes Web3 to reward viewers with digital tokens. Users can redeem reward tokens for digital goods, and the whole experience is gamified with features such as leaderboards and competitions.
How decentralized video streaming works for the benefit of creators and viewers. Source: Replay
Using Replay’s asset management portal, creators can get live insights into their content consumption data and have direct control over their business models. Replay also lets creators be in charge of their own distribution by allowing them to build first-hand relations with platforms, publishers and communities that wish to support creators.
Replay has become the latest participant of the Cointelegraph Accelerator program. Given the growth potential of a Web3-driven video industry, Cointelegraph Accelerator picked Replay for its U.S.-headquartered experienced team of 10+ employees hailing from within the video industry as well as its proven track record. “It’s incredibly exciting to be selected by Cointelegraph for this prestigious accelerator program,” said Krish Arvapally, CEO of Replay.
“In an online world that’s increasingly dedicated to streaming and video, this partnership is a testament to our progress in building the open Web3 standard for tracking and monetizing video engagement.”
As of May 2023, RewardedTV hit 100,000 registered users, with over 4,000 video-on-demand (VOD) options and over 120+ linear and live channels. The platform provides access to over 20,000 titles, including those from popular brands like Yu-Gi-Oh!, The Washington Post and WatchMojo.
The Fountain podcasting app announced a partnership with ZEBEDEE to allow podcast creators and listeners the ability to earn Bitcoin for their time spent with content.
Crypto has tapped into various industries over the years to enable users with the unique ability to micro-monetize their actions. Play-to-earn gaming, along with earning from music streaming, has been the forerunner for this type of crypto integration.
On Jan 24. Fountain, a value-for-value podcasting platform, announced a new partnership with ZEBEDEE, a financial services company that helps monetize games and apps, to enable Bitcoin (BTC) micropayments for podcast listeners.
Oscar Merry, the founder and CEO of Fountain, called the ability to listen to a podcast and earn money for it, a powerful combo and the future of content creation.
“A few years from now, we’ll look back at paid subscriptions for content platforms that aren’t related to how much we actually use those platforms and laugh at how basic and inefficient it was. ”
Additionally, through the partnership with ZEBEDEE, users don’t need to know anything about cryptocurrencies to take advantage of the rewards through debit and credit card integrations.
The CEO told Cointelegraph that through the use of the Bitcoin Lightning Network specifically, instant, permissionless, and low-fee payments can be programmed that work both within the Fountain app and other open RSS standards.
Related: Ushering in a new era of Web3 gaming by making Play-to-Earn sustainable
According to Merry, such a development connects a “fragmented podcasting industry” which currently operates across numerous unsynchronized apps and hosting providers.
He went on to highlight that every minute spent viewing ads and consuming or creating content increases a platform’s value.
“Why shouldn't you participate in the financial upside of the value you create on the platform?”
As developers continue to prioritize utility in new protocols, adoption of emerging technologies becomes almost unnoticeable. Recently, a “party-to-earn” initiative targeted the electronic music industry to create a currency that is universal across festival goers, clubbers and fans.
Desperate to boost revenues, Netflix announced in July that it would be launching a cheaper subscription tier that features commercials.
Streaming giant Netflix has reportedly banned cryptocurrency-related commercials on its ad-supported subscription tier, which is scheduled to launch in November months ahead of schedule.
Citing local sources, The Sydney Morning Herald reported Monday that Netflix has decided to reject all advertising campaigns related to politics, gambling and cryptocurrency on its new subscription tier. The new tier will also not run ads selling products to children. The same sources indicated that restrictions on pharmaceutical ads were also being considered.
According to Variety, Netflix has moved up the timeline for launching its cheaper ad-supported tier to November to compete with Disney+, which is launching its own ad-based plan on Dec. 8. Initially, Netflix was planning to launch its ad-supported tier at the start of 2023.
Netflix's new subscription tier will go live on Nov. 1 in several countries, including the United States, Canada, United Kingdom, Germany and France, Variety said.
Related: Netflix‘s crypto swindler documentary draws wild community reaction
With global subscribers declining in consecutive quarters, Netflix announced in July it would launch a new ad-supported service to boost revenues. In the second quarter, the streaming giant lost 970,000 paid subscribers after losing 200,000 in the first three months of 2022. Faced with slowing revenue growth, Netflix disclosed in June it would cut costs to keep its margins at 20%.
Due to regulatory scrutiny, crypto bans are nothing new for the digital asset industry. In 2018, social media giant Meta (formerly Facebook) banned crypto ads across its platform before reinstating them later in the year. In 2021, Google-parent Alphabet reversed a ban on crypto-related advertisements, allowing exchanges and wallet operators to again promote their services on the search engine.
The American streaming television service Sling TV has announced the company is now accepting cryptocurrency payments from customers paying their monthly subscriptions. Sling TV detailed the company is leveraging the crypto payment provider Bitpay and will accept seven different cryptocurrencies and five stablecoins. Sling TV to Accept Crypto Assets for Monthly subscription Services Sling TV […]
LPT, LRC and KP3R saw strong gains on Nov. 9 as Bitcoin price hit a sell wall and retraced to underlying support levels.
Altseason rumors are on the rise on Nov. 9 as altcoins capitalize on Bitcoin's move to a new all-time high and the ensuing consolidation that tends to occur after (BTC) pulls back to retest underlying support levels.
As is often the case when Bitcoin has pullbacks during a bull market, some of the outflows find their way into the altcoin market and the chart below shows this dynamic is at play on Nov. 9.
Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Livepeer (LPT), Loopring (LRC) and Keep3rV1 (KP3R).
Livepeer is a decentralized video streaming platform built on the Ethereum (ETH) network that looks to offer a viable blockchain-based alternative to centralized broadcasting solutions.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for LPT on Nov. 7, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for LPT began to pick up on Nov. 7 and climbed to a high of 75 around one hour before the price increased 226% over the next two days to a new record high at $99.83.
The price appreciation for LPT comes after the protocol co-hosted the COLLIDE event with the Glass streaming platform, which was the first-ever live concert to include live minting of video nonfungible tokens (NFT).
Loopring is a layer-two (L2) scaling solution for the Ethereum network that utilizes zk-Rollups to help decrease fees and increase throughput for decentralized exchanges (DEX) and payment protocols.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for LRC on Nov. 5, prior to the recent price rise.
As seen in the chart above, the VORTECS™ Score for LRC began to pick up on Nov. 4 and reached a high of 72 on Nov. 5, around five hours before the price increased 142% over the next four days.
The sustained momentum for Loopring comes as the layer-two protocol continues to offer lower transaction fees compared to other L2 solutions including Arbitrum and Optimism as fees on the Ethereum network remain elevated.
Related: Kraken predicts $96K BTC price top as analyst says $1T Bitcoin market cap is ‘now cemented’
Keep3rV1 is a project designed to help connect projects with outside development sources through the creation of a decentralized, blockchain-based job board.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for KP3R on Nov. 5, prior to the recent price rise.
As seen in the chart above, the VORTECS™ Score for KP3R was elevated in the green zone for several days and reached a high of 71 on Nov. 5, around 23 hours before the price increased 79% over the next three days.
The spike in price for KP3R comes as the protocol is undergoing a governance vote where token holders get to vote for the top pools on its Fixed Forex decentralized stable coin framework.
The overall cryptocurrency market cap now stands at $2.902 trillion and Bitcoin’s dominance rate is 43.3%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
The multi-year partnership aims to increase local crypto adoption in the esports landscape across the globe.
Twitch Rivals, an esports tournament host featuring Twitch streamers and pro gamers, has onboarded crypto trading platform Crypto.com as a global marketing and cryptocurrency platform partner.
The multi-year partnership will see Crypto.com as an official partner of Twitch Rivals in the Asia-Pacific region, aiming to increase local crypto adoption in the esports landscape. According to Kris Marszalek, co-founder and CEO of Crypto.com:
“With well-over 1 billion gamers worldwide, fans of gaming and esports are digital natives, for whom cryptocurrency is inevitable.”
The deal also entitles Crypto.com to have category exclusivity, in-stream branded segments, media placement, and activations at Twitch events, starting with Twitch Rivals — a two-day event to be hosted in Las Vegas on Thursday.
In addition, Twitch Rival will feature Crypto.com-branded advertisements on more than 250 broadcasts worldwide. According to a Twitch spokesperson, the partnership with Crypto.com is aimed at driving engagement for tech-savvy users.
Related: Ubisoft will seek to invest in and create blockchain games
Leading game-development company Ubisoft recently expressed interest in building blockchain-centric games. As Cointelegraph reported, Ubisoft CFO Frédérick Duguet highlighted the potential of blockchain technology in the gaming industry:
“Blockchain will enable more play-to-earn that will enable more players to actually earn content, own content, and we think it’s going to grow the industry quite a lot.”
Duguet also said that Ubisoft is working with small-scale blockchain companies to understand the technology’s impact on the gaming industry, “And we want to be one of the key players here.”
Twitch previously added a tipping feature back in December 2019 allowing users to tip streamers with a U.S. dollar-pegged stablecoin called MenaCash. As a part of the deal, viewers can use the MenaPay mobile app to view Twitch streams and tip their favorite players in real-time.
In addition, blockchain-based internet browser Brave also supports crypto tipping on streaming platforms such as Twitch, YouTube and Twitter.
DOT hits a new all-time high as the project’s parachain auctions approach and the ever-expanding Metaverse could be behind the gains seen in CHR and THETA.
"Uptober" is over but as Zhu Su tweeted earlier today, the crypto market rally could extend through "Upvember, Upcember" and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH) primarily because each hit new all-time highs and even though the prices are consolidating now, traders are still wildly bullish.
Uptober, Upvember, Upcember
— Zhu Su (@zhusu) November 1, 2021
The steady emergence of the Metaverse is also driving excitment within the crypto sector as it promises to be one of the driving forces behind development in the cryptocurrency space. The concept of a Metaverse is also impacting the "real world", a prime example being Facebook's recent rebranding of to ‘Meta’.
As the market heads into the month of November and bullish expectations run hot, let's take a look at some projects where the data hints at possible upside breakouts.
The Polkadot (DOT) network is a sharding, multichain protocol designed to facilitate cross-chain transfers of any data or asset type and the project is focused on increasing interoperability between separate networks across the blockchain ecosystem.
Data from Cointelegraph Markets Pro and TradingView shows that momentum for DOT has been on the rise over the past couple of months, with its price rising 95% from a low of $26.05 on Sept. 29 to a new all-time high at $51.57 on Nov. 1 as its 24-hour trading volume surged 135% to $2.93 billion.
The rising strength of DOT is largely due to the upcoming launch of the parachain auctions on the Polkadot protocol. It's likely that traders are looking at the success of the parachain auctions that took place on Polkadot's sister network, Kusama, and expecting the same to occur for DOT.
Polkadot’s parachain auctions have been in development throughout 2021 and the excitement surrounding their Nov. 4 launch appears to be the driving force behind DOT rallying to a new all-time high at $51.57 today.
The motion to enable parachain registration and crowdloans has passed Polkadot's council and gone to a public referendum. If passed, parachain teams will be able to register their parachain and open their crowdloan on Nov. 4, 2021 at approx. 19:15 CET. https://t.co/5ouDWBmnvc
— Polkadot (@Polkadot) November 1, 2021
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for DOT on Oct. 27, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for DOT began to pick up on Oct. 27 and reached a high of 80 around two hours before the price began to increase 28% over the next five days.
Chromia (CHR) is a layer-one blockchain network that is Ethereum Virtual Machine (EVM) compatible and capable of enhancing layer-two performance on Ethereum and the Binance Smart Chain.
Data from TradingView shows that since hitting a low of $0.296 on Oct. 27 the price of CHR has surged 101% to a daily high at $0.595 on Oct. 31 as its 24-hour trading volume spiked to $371 million.
The surging price of CHR comes as the project's gaming ecosystem had several positive developments, including the announcement that blockchain gaming firm Revolve Games chose Chromia to build and host its play-to-earn ecosystem, as well as the listing of the Chromia-based Mines of Dalarnia token on Binance.
Related: ‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week
Theta is a blockchain-based video streaming protocol designed to operate as a decentralized network where users are rewarded for sharing bandwidth and computing resources with others on the network.
Momentum for THETA has been on the rise over the past couple of months as its NFT ecosystem has expanded and is now preparing to host the launch of Katy Perry’s NFT project in December.
The token also got a boost after it was revealed that THETA stakers will be airdropped its TDROP governance token in February 2022, with the allocation each holder receives determined by the average number of THETA staked during the evaluation period.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for THETA on Oct. 28, prior to the recent price rise.
As seen in the chart above, the VORTECS™ Score for THETA climbed into the green zone on Oct. 27 and reached a high of 81 on Oct. 28 around three hours before the price began to increase 42.3% over the next three days.
The overall cryptocurrency market cap now stands at $2.63 trillion and Bitcoin’s dominance rate is 43.8%.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
