We’ve heard a lot of arguments about how the Web3 creator economy can better serve creators. But how creators should enter this field has always been a problem.
In addition to NFTs, there are actually many ways for creators to enter this space. For example:
- Social tokens
- Create a DAO
- Social media
Social media is the least mentioned part of these categories. But in terms of the way people use new technologies, the opportunities for better, decentralized social media networks are still abundant. In the era of new economy and technology, the ownership economy and creators will choose platforms more carefully.
Today, let’s take a look at what are the 6 decentralized alternatives to YouTube in the Web3 space.
Web3 version of YouTube
D.Tube is the first cryptography-based decentralized video platform built on top of the STEEM blockchain. Users can find and upload all types of content on DTube. The immutable STEEM blockchain makes it possible to integrate cryptocurrency incentives for watching, uploading, sharing, and commenting on videos. Viewers can earn DTUB coins (i.e. native tokens) on it. In addition, the platform generates voting rights (VPs), which can be used to influence video ranking and bandwidth (BW), can also be used for transactions on the blockchain, and can also represent participants’ stakes in DTube DAO. No algorithm can decide which video ranks higher; Every creator has an equal opportunity. Users can reward content creators with cryptocurrency.
Odysee, a decentralized video platform, was launched in December 2020. It is now successful in providing basic services to its users, giving them a pure user experience. The platform hosts video content on the LBRY network. Its content is stored on the blockchain, and the platform cannot delete the creator’s channel. There are no moderators on Odysee, they are all governed by the community. Every creator and consumer of the platform will be rewarded with tokens. LBRY points can be used to purchase digital content. The biggest advantage of this platform is that there are no reviews and ads.
AIOZ is a token that powers the AIOZ network. The network is an L1 blockchain that supports interoperability between Ethereum and Cosmos. It is designed to provide low transaction fees for the implementation of dApps such as file storage, live streaming, content delivery, and more. Aoiz Tube is built on the AIOZ blockchain to distribute video content in a decentralized manner. It has viewer rewards for watching ad impressions and videos, allowing viewers to earn AIOZ coins on the platform. Advertising revenue on the platform is shared with creators, who earn money while making videos for the platform. They call this a content partner incentive.
In 3Speak, content creators directly own their content assets and communities. The platform ensures that communities have direct connections with the creators they follow. In addition, blockchain technology allows creators to fully own this content, so whenever creators feel the need, they can transfer content to other applications that use blockchain technology. If a creator is not satisfied with the platform’s services, they can transfer the assets they generate to another app. 3Speak doesn’t censor, veto, or remove creators’ videos, as we see on YouTube. Viewers can also be rewarded with Hive tokens and can accept token donations. Its token has a large number of practical functions, providing more rights and interests for token holders in the governance of the platform.
DLive is an American live video streaming service founded in 2017 and acquired by BitTorrent in 2019. The platform is primarily geared towards streamers and promises to empower creators and their communities through a revolutionary rewards system.
Like any decentralized platform, DLive puts ownership in the hands of users and rewards them for their contributions to the platform’s development. This system allows the community to benefit more from collaboration. However, it charges a 25% commission on all transactions on the platform. To join DLive’s partner program, creators need to stay on the platform for at least 1 month and have at least 15 traffic trips on their profile. They include recurring subscriptions or one-time gifts for use in ecosystem development. Community is critical to their narrative, which leads members to stake their BBT tokens and earn staking rewards for their daily contributions.
Since traditional platforms have censorship that restricts online content to some extent, decentralized platforms can avoid these situations while treating content creators as co-owners rather than content machines.
Finding a platform that works for you and your users becomes extremely important.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/web3-what-are-the-decentralized-video-platforms/
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