The online entertainment market has grown since the pandemic. New video platforms have appeared, and old ones have become stronger. Successful services are Netflix, Hulu, and YouTube. They make money from subscriptions or ads.
These services are criticized for being centralized. YouTube algorithms ban content and series creators promote their ideas, and in general, networks are under the control of corporations.
An alternative to decentralized video hosting is peer-to-peer. They are user-driven and censorship-resistant.
Joystream.org is a decentralized video service with DAO and NFT. DAO is when the community manages the service. To participate in the DAO, you need to own platform tokens — JOY.
The author can turn his video into NFT. VideoNFT is resold at auction or at a specified price. If the buyer resells your NFT, you will receive royalty payments from the transaction.
Joystream is a platform for authors, viewers, and developers. Authors make money on video, viewers watch videos from any region, and without censorship, developers create applications on Joystream.
Apps on Joystream:
L1.media — education without bordersGleev — shorts about cryptocurrencies
JOY — Joystream Governance Token. To participate in the DAO, buy NFTs, and support bloggers.
They earn on staking and for playing a role in the community:
content curator earns 20,000 JOY per week; the one who provides the storage — 36,000 JOY; validator — 242,000.
There are other roles.
Joystream promises to be resistant to regional restrictions and censorship. Offers cryptocurrency earnings. Allows you to create an application.
The ecosystem is small. The most popular Gleev channel, Joystream FM NFT Pack, has 117 subscribers. L1.media channels — 1–2 subscribers.
This can be treated as a small and untested ecosystem or as an opportunity.
Blockchain-based video services are Peertube, Bitchute, and DLive. DLive is a single platform divided into categories: education, music, news, and family. There is no video NFT and the ability to create your application. There is an audience and support from Tron (TRX).
Joystream is a small but growing video service. Creators of applications, content, and active participants can earn here.
This is an ecosystem of hosting companies operating in one of the niches. You may find the right role and niche for yourself.
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Joystream
Веб сайт — https://www.joystream.org/ru/
Twitter — https://twitter.com/JoystreamApp
Телеграм — https://t.me/JoystreamRussian
Discord — https://discord.gg/NsFmz8SjqQ