Ritestream Project Update Summary July 2023
Ritestream Update with Co-founder Damian Miles
“Our vision is that the success of the platform is also the success of the content creators.”
Damian Miles (Co-founder)
An entrepreneurial professional with 25+ years of experience in television production, broadcast, and business.
He is known to have a unique blend of technical expertise and creativity, with exceptional business acumen and a relentless drive for innovation.
Key Accomplishments:
- allrites Content as a Service.
- VDYO, the first white-label video platform with offline DRM.
- Built EditShare Asia Pacific region.
- Worked on FOXLife HD Channel launch in Japan.
https://www.linkedin.com/in/milesdamian/
Partnerships
- BNB Chain has over 3 million followers, and we´re about to deploy a contract on their test net, BNB Greenfield — more decentralized, democratized, P2P file sharing.
- Trust Wallet with more than 60 million users. Listing pending on their DApp store, hopefully in the next week or two.
- Terra Block: one of our great investors and advisors will help us with our staking in the next 2 to 3 weeks. It will roll out things like multichain, great products and easier onboarding, especially for web2 users.
- Coming soon: Institutional investors.
Web DApp & content pool
After many restrictions on the Android and Apple stores, we launched a web app that gives us 100% control and complete flexibility. We can actively release updates, not waiting for approvals and not having issues.
We can pay people in the community $RITE tokens for referrals and rating content.
- $RITE token for a subscription. Immediate utility for RITE.
- Have RITE payments for content creators.
- Subscribers come to the platform, pay a subscription fee, and then a percentage of that goes to content creators.
- A “content pool” will be paid out automatically via smart contracts based on the percentage of plays the content creator has over the overall platform.
For content traders, they can also promote their content. They can drive more plays to get a higher percentage of revenue and push and help get more subscribers. So it means a bigger pool of income in their content pool.
Referral code initiative
You can earn 20% off the subscription fee, you introduce it, and people subscribe to ritestream. As long as people use your code every month to subscribe, that´s also reoccurring; there´s an incentive for you to keep promoting the App. Everyone can be involved.
It will all be about great content, and again the community can get involved, helping attract great content to the platform, and we´ll incentivise those people.
We want to roll out crypto news channels, launchpad, other ritestream productions, and CryptoKnights.
i.e. Torsten Hoffmann has two great docs on the platform, and he´s working on a new one.
https://uk.linkedin.com/in/torstenhq
We´re going to use the App as the backbone for that. All the content will be fed through the Metaverse. So everyone can get involved, and everyone can get referrals.
Goal: 40K subscribers by December 2023. We have about 28.0000 emails already registered for our newspaper.
Live demo of web DApp
A range of movies, series with different TV episodes, and reality TV focused on fantasy, crypto tech, and future sci-fi startups. Content appeals to web3.
This time we´ll see who´s playing what content, who´s subscribing to the platform, and what´s being most consumed. So we can start to build content that revolves around the things that people like and watch.
More crypto-focused in the beginning. We´ll start to talk to influencers and get their content up on the platform. Some great how-to’s as well. It is straightforward for people to work out what to do, and there are little gifts to show the process.
Log in as a general user that´s not subscribed.
- Connect wallet.
- Verify email address and receive 227 $RITE.
- Share your unique code for the referral program and tell your friends to get rewarded.
- Subscribe for $2 per month, equivalent in real-time.
Everything happens on the chain, is transparent, and happens immediately. And you get paid to your wallet once you reach 20 US dollars in value.
Now we´re not bound to a store, to any centralized app store. You can use it from any web browser, computer, android, tablet or iPhone.
The mobile versions are built in, it´s a pure web app, so it works everywhere. You can share on Facebook, Twitter, and LinkedIn, So share content, help promote the platform, and then grab your referral code and share.
CryptoKnights
Four signed up, so I can´t announce who they are. Over the following sort of few weeks, we´ll make some public announcements. One´s an NFT project founder. One´s a web3 personality. We´ve got a crypto visionary and a VC founder.
We´ll integrate Crypto Knights into the ritestream site.
We will have a new White Paper, so you can read that and post more information as we build assets, relationships around TV shows and funding.
Community questions:
How can you become an approved creator?
In August, we´ll open up the platform to submit their content. We´ll ensure it´s aligned with the platform, and then they´ll be onboarded.
Are there any updates on the launchpad?
It is still in process. We were focused on getting the App out there. As it is launched, we can start announcing plans on the launchpad. We´re already having content creators come to us with content.
What kind of partnership will there be with the BNB chain?
Project Greenfield on the tech side and attract as many users to our platform.
Can you briefly share the top milestones and attractions?
We´ve got 150.000 people in our community, 28.000 in our email newsletter. We have a big community, but we want to engage more people over the next few months.
What regions will you be targeting?
We´re global, and we will have content in multi-language. We will do a lot of subtitling in many languages with AI tools. We´re working with influencers with a potentially quite large group in Spain for which we can have content.
The platform is not restricted or Geoblock for specific countries, so that the content will be available to everyone. It´s a global, decentralized global.
Is there a ceiling in terms of budget for the content project, or do you want one-offs or a series docs dramas or entertainment, or is it all play as far as long as the community wants to fund it?
As long as the community wants to fund it. If you can produce brilliant content that people are willing to watch, you´re telling us. We´re always looking out for the best content out there and from various genres, both TV and film.
What was the plan ambition you had in mind when you founded Ritestream?
Riaz and I are from the content industry and played a part in producing and being part of how that works. Part of it is fairness. Enable people to monetize their content where they wouldn´t usually be able to. Allow those people with their content on platforms to set and share the success of their content on the platform.
“Our vision is that the success of the platform is also the success of the content creators.”
With time marks:
00:30 Partnerships
04:15 Web DApp & content pool
06:49 Referral code
09.15 Live demo of Web DApp
16:31 Crypto Knights
18:30 How can you become an approved creator?
19:25 Are there any updates on the launchpad?
20:19 What kind of partnership will there be with the BNB chain?
21:00 Can you briefly share the top milestones and attractions?
22:00 What regions will you be targeting?
23:20 Is there a ceiling in terms of budget for the content project, or do you want one-offs or a series docs dramas or entertainment, or is it all play as far as long as the community wants to fund it?
24:40 What was the plan ambition you had in mind when you founded Ritestream?
This was gathered via the ritestream Youtube
Source:
18th Jul 2 pm UTC
Ritestream Update with co-founder Damian Miles
