CEO Riaz Mehta & CPO Jamie Bodkin AMA Key Takeaways 2023 Q1 achievements

2023 Q1 achievements:

• Building out and making the streaming platform as effective and user-friendly as possible.
• We’re getting users onboarded.
• Films and creative projects are actually starting to use the ritestream platform to bring their visions off the ground.
• Our focus was fixing 21 bugs with the app and enhancing the quality of life of the overall experience.
• Network connectivity issue.
• Server fixes.
• Fix the password retrieval.
• Issues video details.
• Draw screen design updates.
• Withdrawals to external wallets.
• To ensure that the usage of the app.

• The new-looking field of the Mobile app experience, contemporary cleaner and easier to navigate; we rebuilt the entire pallet.
• The app is now currently in review on the Google Play Store. We hope an updated version of this will enable everybody with an Android device.
• Some of the app’s notifications and browsing experience are also set to change.
• Partnerships with individual Metaverses: Raca, AlterVerse… Taking a fully licensed video solution in the form of essentially ritestream cinemas so they can monetize their audience off at the back of that.
• We have a solution that makes it easy and hassle-free for organizations to share video content with their audience.

• Coingecko verification.
• A lot more engagement, with 479 community members joining us.
• Film of the day, where we showcase some of our best content on the app.
• Movie mania on Twitter.
• Gleam campaign with Raca, with prizes of $500.
• Community with people who genuinely believe in the project and care and want to see it improve.

Achievements to aim for Q2 2023

• To build out the technical specifications for how consumers’ wallets will interact with the ritestream cinema, the $RITE token on third-party metaverses.
• To support and help people and encourage them to join our partnership scheme.
• The aim, particularly in the first instance, is if there are Metaverses on Binance -we have conversations with them and real estate within each metaverse.
• Partners are promoting ritestream to their audience and getting exposure to our community to create mutually beneficial.
• We’ll be making all of that documentation readily available for everybody soon, so please feel free to contact us if you have connections with potential Metaverse partners.
• Minor cosmetic tweaks to the website.
• A public 2023 roadmap is available.
• Confirmation email when people are signing up to ritestream.
• Update the ritestream white paper.
• Coinmarketcap verification.
• More campaigns with exciting prizes.

• The browser-based version of the ritestream streaming service will be available to all browsers so you can connect your wallets from Android or iOS phones.
• To be a unique proposition as a Web3 decentralized streaming service.
• Crypto Knights Launchpad would be a proof of concept for the ritestream funding platform and an opportunity for CEO Riaz to flex his producer’s muscles and create a genuinely entertaining show and university loved for the Web3 space. We’re looking to build Web3’s first reality TV series. Funding is predominantly through NFT sales. We’ve onboarded Enjin Starter to help the team with NFT mint and marketing.
• Regular series of AMAs where we speak to producers from within the entertainment industry about the struggles they face, the problems they have not and how ritestream will solve their issues, but more broadly around where the opportunity lies with the switch to web3.
• To bring the creators in here, give them a voice, and connect them to the community.
• We would love for our community to get more familiar with what’s out there, the challenges that the industry faces and how they can participate in this industry and become a mini producer through factual ownership of content and so forth, decentralizing the entire content creation and process as well.

“ritestream feels like the kind of place you would go and want to be a part of.”

Questions from the community:

Q: Do you have future plans to attract people from Web2 to Web3, film3 sectors? If so, how big an audience do you aim to address?

Bring web2 to web3; that is the underlying thesis of what ritestream is about. The whole decentralization aspect of it and democratization of the content creation industry, and by empowering creators, connecting them to the communities and making this process completely transparent in how content gets funded, how the revenues flow and benefiting the community from their participation in these projects. So 100% that is the vision.

Today entertainment is a 3 trillion industry, and that’s what we’re tackling here.

Q: What is the business model for ritestream, and how does it produce profit/money to keep the company running? How can profit be shared relatively between investors and the project?

There’re multiple revenue models for ritestream. We’re a decentralized version of Netflix.

It does generate revenues, and when you guys watch content over time, we’ll get more and more content, better content, and that becomes an ongoing revenue stream for the business. That is where we make profits for the company.

With the Launchpad, whenever projects list their films or TV series and get funded, then we will be taking a portion of the fees, the revenues that are raised. For example, if it’s a million-dollar budget for a film, we’ll be taking part to support our running costs and profit for the company. Profit will be distributed to the investors and benefits the community.

Q: Are the OG going to change in every episode of CryptoKnights?

We need people that are consistent because projects are gonna change every week. So we need a compatible panel of the Crypto Knights, but then we will have guest Knights coming in from time to time, not only to add variety but also to bring in different skill sets and expertise and different viewpoints. So there will be a mix.

Q: How will the token be used in the Launchpad? More info in the updated whitepaper soon?

It’s used within the ritestream app. It’ll be used in the Launchpad. It’ll be used for access to projects, voting mechanisms on which projects get funded, etc.

Regarding the whitepaper itself, that’s the aim for Q2 because we want to update it with the use case for the $RITE token right across the board, not just in the Launchpad.

For the token to have real value, it must be integrated entirely across everything we do.

Questions with time marks:

24:10 Crypto Knights’ promotional video.

30:30 Do you have future plans to attract people from Web2 to Web3, film3 sectors? If so, how big an audience do you aim to address?

32:08 What is the business model for ritestream, and how does it produce profit/money to keep the company running? How can profit be shared relatively between investors and your company?

33:34 Are the OG going to change in every episode?

34:31 How will the token be used in the Launchpad? More info in the updated whitepaper soon?

This was gathered via the ritestream YouTube AMA

April 19th 2023, 14 pm UTC

Source: