CVN Blockchain
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CVN Blockchain

CWV Foundation Strategically Invested in YYeTs

CWV main chain has held an online press conference at 20:00 on October 18, 2020 to announce its strategic investment in YYeTs CVN. CWV Foundation and YYeTs will jointly create a RR dVod platform, which will adopt VRF verifiable random function +PoST spatiotemporal proof consensus + content storage sharing and protection protocol to realize the storage, sharing, publishing, playing and other functions of decentralized content. This platform may become the first large-scale decentralized video content cloud platform.

The following is the recap of the online press conference. It includes two parts.

Part 1: the announcement of the cooperation by YYeTs CVN founder, Zhao Jixing, and CWV founder, Neo Wang

Zhao Jixing:

Hello, everyone. I’m Zhao Jixing, founder and CEO of YYeTs CVN. I’m very happy to have you participate in today’s press conference.

As we all know, YYeTs CVN is the largest community of American, British, Japanese and Korean dramas in China, with a history of 16 years. The website has more than 20 million members, 2.65 million independent visitors per day, and 10 million daily views. The website ranks 101 in China and 727 in the world in terms of traffic. It has a high community consensus and active users, Users are extremely sticky and cohesive, so it is most appropriate for us to enter the blockchain.

In January 2019, we landed on the well-known exchange Huobi to open a new road for CVNT. In order to establish the economic model of application and simple implementation faster and better, we give priority to cutting into the market from the edge technology areas we are best at. During this period, CVNT has also been advancing along with the rising price. Domestic entities have also obtained nationwide CDN business license. At its peak, more than 300000 nodes are online every day. However, in the process of exploration, many problems of force majeure broke out, which made us tired of dealing with all kinds of problems, only focused on the starting point, but forgot the “original intention”.

Neo Wang:

Coincidently, CVN(Conscious Value Network) has the same abbreviated name with YYeTs CVN (Content Value Network).

Today, I am very honored to announce a big news to you: CWV Foundation’s strategic investment of 10 million US dollars in YYeTs CVN. The core product of our strategic cooperation with YYeTs CVN is “RR dVod”.

We can safely build everyone’s digital life on the blockchain. With AI and 5G technology, we can theoretically achieve “eternal consciousness” for all people. Completely decentralized blockchain technology builds the underlying infrastructure of the world, namely, organizational structure, trust foundation, economic model, and operating machine. Decentralized storage is responsible for keeping all of your data. As long as the storage space is safe and large enough, and the data granularity of users is small enough, the life of all users can be recorded and saved. The data contents are stored in the private decentralized space through the block chain private key encryption, which can only be opened through our decentralized “RR dVod”. Therefore, RR dVod may be your future “personal life player”.

The above is why CWV foundation wants to invest in YYeTs CVN. With the new generation of public chain infrastructure + general level decentralized storage cloud + data content copyright protection and sharing contract platform as a new positioning,

It can be said that this pioneering work of CWV foundation will once again change the blockchain industry and video content industry, providing a very forward-looking direction for the implementation of blockchain technology and the development of video content industry.

Based on the high-quality content of YYeTs, the CWV foundation strategically invests in YYeTs CVN and will fully use the main network of Conscious Value Network to create “RR dVod” products.

On the one hand, as the infrastructure of blockchain 3.0 world, CVN relies on VRF consensus main chain+ PoST proves that it can provide stable main network, technical support and node services for RR dVod, so that each node / user can enjoy the gift of value equally. Its excellent high-speed network can smoothly carry the running of various rich functions or applications of RR dVod, improve the transmission quality and significantly reduce the bandwidth cost of content transmission network. On the other hand, YYeTs potential energy accumulated over the past 16 years, as well as the overwhelming advantages of community sustainable strength, will make RR dVod a powerful application built on the CVN .

It can be said that based on high-frequency rigid demands of users for content, RR dVod will quickly possess many high-quality digital asset users. In the process of rapidly promoting CVN awareness value network coverage, RR dVod will become the highest quality user flow pool in the blockchain market.

RR dVod is committed to building a multi-dimensional, multilingual, cross-border, highly free and highly pure high-quality digital content sharing network for 4 billion internet users worldwide through resource integration and technology supply.

Jobs said that to live is to change the world. If we don’t change the world, who else?

We are honored to witness with you the arrival of the great moment that RR dVod changes the world.

Part 2: the introduction of the future development direction of RR dVod, from the boss of YYeTs

First of all, RR dVod is a pure, efficient and autonomous content community.

With the decentralized solution of CVN, RR dVod will establish a set of trustworthy point-to-point value dissemination network, optimize the traditional content distribution, transmission, filtering and evaluation, so that high-quality content can be shared more widely and quickly, while suppressing the spread of junk content.

Second, we will establish RR dVod ecology.

Conscious Value Network provides an open platform, forms a complete ecosystem with multi industry partners, and constructs application scenarios of various digital resources such as video, software, music, pictures, games, etc. Build a film and drama content exchange agency with higher content quality, economic value and community activity around CVNT. Give full play to theConscious Value Network and the collaborative effect of RR dVod to establish RR dVod ecology.

Third, everyone should realize “video freedom”.

After the CWV Foundation’s strategic investment in YYeTs, it will create a decentralized broadcasting platform, easily gather global film and drama content, and truly realize “video freedom” — everyone can participate in content creation.

Users and foundations should be the providers of film and drama resources together; content creators, consumers and publishers should be encouraged to participate in it; users’ personal idle storage and bandwidth can also contribute.

All content providers can price their uploaded video content, and get revenue by paying users to watch.

Users can get 80% of the revenue and 20% of the management fee will be charged by the platform.

Users registered through the user sharing page can get 20% of the income for the invitees, 60% for the content providers, and 20% for the management fees of the platform, so as to achieve real free creation, free consumption and free market.

Fourth, RR dVod uses digital currency to build a new payment system.

CVNT (formerly CWV 2.0) will become the main currency of the platform, which will be used for payment, reward, income and all links.

CVNT is the main network token of Conscious Value Network.

Through CVNT, RR dVod can better collect bandwidth and storage resources, intelligently schedule and serve all enterprise users in demand in the optimal form, and make use of the advantages of token economy in transparency, trustworthiness and incentive to quickly achieve scale economic benefits. RR dVod will bring CVNT a circulation scenario beyond the current mainstream public chain, provide real value support for landing profit-making business, make it competitive in liquidity and deflation effect, become the demand of tens of millions, even hundreds of millions of video users, and become one of the leading digital currencies in the world.

So far, the product is still in the preparation. We expect that in two months, we will officially launch RR dVod version 1.0, which will give priority to content payment, sharing reward, encrypted playback and other functions.

Also, we have made plans about CVNT.

First of all, we will switch the CVNT on Huobi to the main network of Conscious Value Network in the future. It is estimated that in two months, the CVNT (ERC20) on Huobi and other exchanges will be exchanged with CVNT of Conscious Value Network according to real-time and reasonable price mapping.

Second, CVNT (ERC20) is about to start the decentralized storage and mining of CVN main network. One of the major functions of CVN after upgrading is the decentralized storage network, which turns cloud storage into a computing power market, or mining market.

Like bitcoin, CVN miners compete to dig blocks for huge rewards. However, the mining efficiency of CVNT is proportional to storage activity, which directly provides useful services for customers.

There is an incentive model will be built based on three factors: first, CVNT mining revenue mainly comes from storage revenue; second, CVN network adopts fast slow dual chain parallel working mechanism, which selects miners’ working mode according to the content and priority of generated data block; third, CVN consensus and low energy consumption after technology upgrading, and high availability of data and nodes.

In addition to the incentive model, CVN Conscious Value Network cloud storage ecology also attracts users to participate in the construction of decentralized storage network through multiple reward mechanisms, including: option award, performance award, Community Award, elite node, ecological seed, etc., and promotes social activity to ensure the health and efficiency of the ecosystem.

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