ritestream end of year 2023 AMA summary
Ritestream AMA updates with Damian Miles & Kenny Morgan.
- $RITE had a pump over the past couple of weeks, up by about 50% for the last few months.
- We have a new market maker on Ritestream, an excellent company based in Singapore. They helped manage liquidity on Mexc, gate, and pancake swap; you can check in CMC.
- Galxe campaign to guess actors for the movies: Al Sapienza (The Sopranos, Suits, Jack Ryan), Louis Mandylor (My Big Fat Greek Wedding 3, The Debt Collector, Rambo Last Blood)
- We´ve got some great movies about to go live on our Launchpad, and they´re already set to air on Lifetime Network in the USA. Everyone will be able to register and just get involved.
Rite Hub, “streaming meets community”. Soon, we will release a partnership announcement with a relatively large global community that involves millions of people and some significant influences attached.
- Watching content which is blockchain-powered.
- Launchpad is around funding your ideas.
- Social engagement into our platform so that communities can have their groups. You can talk to them directly if you are in the premium chat groups.
- You can watch 4K content, always have a global reach, and always have secure DRM available across all devices. Communities can bring in live streams to events that they´re doing. Companies will show their projects in the showcase for trustworthy sources of curated content.
- Creators can generate income through our platform by uploading content and gaining a share of the total revenue. It´s fair and democratized.
- Advertisers can advertise products and services through our audience.
- We will have an infrastructure layer. Ad services provide streaming, end-to-end, peer-to-peer technology for Q1 2024.
- Release one of the films on Saturday, and people will be able to express interest on our Launchpad. There are two films where people can buy an NFT and own an essential part of history. Depending on how many NFTs you have as part of a film, you´ll get a producer credit, have your name in the credits, have rewards for ownership if these films succeed and meet these people for real life.
- We have four Crypto Knights confirmed. Around Q1 2024, to have an NFT mint and publicly launch the TV show, it will be around the Bitcoin Halving.
Community questions:
17:46, you say rewards for the NFTs if the film does well. Is this a set revenue share?
Sounds great! I didn´t catch if the films were made already or where they are with development. Did someone in chat see that?
If the film does well, the producer will reward the NFT holders. It´s not a 100% revenue share but a discretionary reward. They reward the community, and the producers will want to do that because they want the next film funded. “Invest in films”.
19:24 Will there be a layer two infrastructure?
ritestream is going to launch NFTs for films but also deliver streaming. This is where it comes into ritehub. $RITE token will be used.
22:42 Can you share more details about Al Sapienza´s involvement in one of ritestream´s first launchpad films?
He´s starring in the first film, and maybe over the next month, we hope he will be talking to the ritestream community about his involvement and what he´s doing in the movie.
23:21 Can I stake your token? Do you have any plans to start the staking programme? Please tell, sir?
Coming soon. Part of our Launchpad.
24:33 When can we expect the official title reveal for the lifetime original on the ritestream launchpad?
On Saturday, the first one will be launched there.
25:17 RITE makes it affordable for customers to watch a particular movie if the token price increases exponentially. How will this problem be handled?
What we do is lock the price when you subscribe to our platform. So, if a subscription costs $2 a month, it´ll always be the $2 equivalent of a $RITE token. You could end up with a lifetime subscription because you bought it at such a low price, and it increased.
26:38 When a creator pitches his idea, what are the different parameters he needs to present? Is there a reputation model?
Currently, for the Launchpad, we want to see a successful track record of content being produced. If you´ve already created many films and wish to crowd-fund the next one, we are an excellent platform because we will help successful ventures escalate to the next level.
Conclusions:
We want to become the place where if you’re going to own a part of history for a film or TV project, then rite-stream is the place to go and grab that NFT and around community and streaming.
Source:
21st December 1pm UTC
