Projected at over $70 billion by 2021, the online video streaming industry is one of the fastest growing industries, propelled by advances in internet service delivery and image processing. However, only a small fraction of this wealth ever makes it back to their sources, the content creators.
Disclosure: This is a Sponsored Article
By 2020 more than 80% of internet traffic will be visual content. From ads to video diaries and live streams, visual contents will shape communities and communications on the internet. Currently, however, content creators only receive 50 – 60% of the revenue their creation generates and have no control over its usage. Most of these contents end up as intrusive ads for the end-user who often have no other choice than to put up with it.
However, what if there was a decentralized platform that truly gives users control over what they choose to see and rewards them for it? What if the platform provides them with contents they really are interested in? What if the rewards they received can easily be exchanged and spent on real world goods and services? What if they can directly communicate with content creators, access premium features like training courses? This is what Viuly, a blockchain-based video sharing platform, has set out to achieve.
Viuly’s disruptive platform let content creators get paid for their content and rewards viewers for watching through its ground-breaking VIU token. Released in October, Viuly alpha platform currently has over 40,000 registered members and more than 10,000 unique visitors daily perusing the over 2500 created channels.
In order to drive mass adoption of the platform and incentivize the community, Viuly announced the airdrop of 458 000 000 tokens to over 960 000 Ethereum holders. The tokens were airdropped into Ethereum wallets with ETH based on a snapshot was taken on November 5th. Wallet owners can view and access their tokens in their wallet by using the following settings to add VIU’s custom token:
They can also scan their wallets to view the token.
Viuly will be connecting the alpha platform to its mainnet blockchain on December 15th. Advertisers will be able to buy VIU on exchanges and use them to advertise their video, pre-roll video ads, and banner ads on the platform. Content creators and video uploaders will also be able to withdraw their VIU token earnings and trade them on supported exchange platforms.
More supported exchange platforms are coming soon.
The Viuly team is inviting advertisers to test out the video platform, as well as inviting youtubers to also upload their videos on Viuly’s decentralized video platform, to begin to earn more from their videos.
Viuly’s mission is to disrupt the multi-billion dollar industry of online video sharing with its blockchain-based solution. Through decentralization and transparency, it aims to create a fair and open video network operating on an equitable model of revenue sharing.
VIU tokens are the native currency powering the Viuly video platform. They are used to transfer value between advertisers, content creators and users.
Viuly will be a full-fledged platform for users and content creators to share and watch videos, while immediately earning rewards for their interactions. This revolutionary ecosystem will enable a fair, unrestricted environment to share, watch, and upload any content.
Viuly’s revolutionary blockchain solution has already led to a firm backing of EUR 150,000 from blockchain investing firm Krypton Capital. Together with Krypton Capital’s “smart money” philosophy, Viuly aims to establish strong ecosystems of related companies to grow values and revenues together.