Introduction to Decentralized Video Streaming
Take control over your content rights by streaming it yourself.
Video streaming is one of the largest growing industries in the world right now. If you take a peek at multi-billionaires, large corporate houses you’ll see most of them having stakes on OTT platforms, and even video/music streaming platforms.
But you might wonder if that is the case, why aren’t the majority of content creators making anything close to what these platforms are making.
One answer is the sheer monopoly of these platforms in their respective markets practically makes them the untouchable ones. Twitch owns 73% of the live streaming market leaving the rest to YouTube and Facebook.
However, there is another, a bit more technical answer to it.
Video hosting platforms use CDNs (Content Delivery Network) to distribute videos around the globe. And these CDNs come at a crazy crazy cost.
Why? Guess what, MONOPOLY.
CDN providers like Amazon, Google, Cloudflare have no other competitors outside of them. That’s why any platform offering live streaming has to pay a massive chunk of money to these companies. As a result, you get bombarded with ads, and information theft to keep these platforms profitable.
The Future of Video Streaming
The 70 billion dollar video streaming industry requires some serious reforms in terms of privacy, censorship, and content ownership.
Platforms like Twitch and YouTube have some obscure guidelines in terms of what is ‘allowed’ and what qualifies for suspensions, even getting banned. If you’re an active YouTube user, you will know about the unjustified demonetizations and age restrictions that happen all the time.
Also, the recent policy update of YouTube claims that it can run advertisements on any videos without any permission from the content creator. In other words, whether you don’t earn money because of YouTube guidelines or you choose to not monetize your content — YouTube WILL make money off of you.
That means you’re no longer the absolute owner of your content.
With blockchain technology, you solve all these issues.
Blockchain-powered streaming platforms
HOAG aims to take the lead with a Web3 video streaming integrated product.
With HOAG, video streaming won’t be limited to large companies. Anyone with enough skills can own and control the platform that truly serves the audience without exploiting any sensitive information.
We believe a trustless system is the fundamental right of every person. No content creator should be facing manipulative terms and vulnerable environments to make a living.
