A Lightpaper: Unleashing the Future of Television with Blockchain
Revolutionising the TV industry, Script Network is an open-source live TV platform, protocol, and video storage network that transforms the way we consume and engage with television content.
In essence, it is a decentralised television network and ecosystem built on blockchain technology and watch-to-earn mechanisms. The platform features Script TV, a 24/7 streaming platform with multiple channels, a watch-to-earn reward system, and a dual token mechanism with SCPT (Script Token) and SPAY (Script Payments). The former is used as a governance token, while the latter facilitates transactions. By addressing critical market gaps, Script Network introduces a complete ecosystem for television and film on the blockchain, offering unparalleled opportunities for users and content partners alike.
A New Era of TV Interaction
Say goodbye to passive viewing. Script Network pioneers a new era of interactive TV platforms that enable users to connect and engage with fellow viewers in real-time. From participating in content clubs to seizing investment opportunities through NFTs, Script Network empowers users to shape their viewing experience while earning rewards.
As a layer-one video protocol that seeks to revolutionize video streaming and create new opportunities for content creators, Script Network houses a range of products, including Script TV, Script Marketplace, Script Enterprise, Script Blockchain, and sADs.
Script TV
Script TV is the core product of the ecosystem and is the first watch-to-earn live TV platform, built to reward users while they watch, provide video dStorage, and redefine the television experience for users.
It features over 30 channels with diverse content across documentaries, sports, film, and more. Users can also opt-in and volunteer their spare bandwidth and computing resources to relay video to other users while earning token rewards for their contributions.
Script Marketplace
Script Marketplace is a decentralized marketplace for content creators to sell their digital assets, including NFTs, music, and videos.
Script Enterprise
Script Enterprise provides businesses with the tools to create and distribute their own video content. Business owners can easily advertise their products and/or services on their Script TV platform, allowing these advertisements to reach a wider audience.
Script Blockchain
Script Blockchain is a layer-one protocol focused on decentralized storage and 24/7 live content. It offers a token-based system that rewards user participation and a scalable blockchain ecosystem for content distribution.
sADs
sADs allows advertisers to create and distribute their own advertisements on the Script Network ecosystem.
The Script Network’s ecosystem opens the door to a wide range of investors and players, unlike most competitors with high entry barriers that limit accessibility to a few investors who meet the high entry requirements. Due to multiple use cases within the Script Network ecosystem, Script Network tokens are an excellent long-term investment.
The Script Network Token Economics
Script Network uses a dual token system, consisting of SPAY and SCPT. SPAY is the utility token used to pay content consumers, reward node operators, and pay for transactions on the Script blockchain. It is responsible for transactions, gas fees, smart contract interactions, and rewards. SPAY tokens are rewarded to users who view content and participate in the network. On the other hand, SCPT is the governance token used to manage the network and content through a decentralized autonomous organization (DAO), with a fixed supply of 1 billion tokens. SCPT holders can participate in decision-making processes that drive network growth and it is used for protocol and content governance, advertising, staking, and other purposes.
The creation of SPAY and SCPT tokens aims to enhance the integrity of the platform and make it unlikely that the tokens will be stored for future sale. This deterrent to removing tokens from circulation and storing them in wallets means that the Script platform can keep more tokens in circulation.
What about ScriptGLASS?
ScriptGLASS is an NFT collection integrated with the watch-to-earn protocol in ScriptTV. To participate in the watch-to-earn program, users must have at least one pair of ScriptGLASS. Each pair of glasses is visually distinct and has a specific rarity that determines the potential earnings on a daily basis. While watching content, users will need to recharge their glasses, level up to increase their daily earnings, purchase gems for multipliers and raffle chances, and access loot boxes, which are available only to advanced-level glasses.
Generally, the process for ScriptGLASS will be as follows (although subject to change):
Empowering Content Partners
Script Network provides a decentralized process for content partners to distribute and scale their content rapidly. Through the platform’s innovative video protocols, content partners can leverage sustainable rewards, ensuring fair compensation for their valuable contributions to the content ecosystem.
A Revenue-Generating Powerhouse
With an average retention rate above 88%, Script Network is not only capturing viewers’ attention but also generating substantial off-chain revenue. With the minimum average user watch time being over 100 minutes a day, and a recent average of over 250 minutes per day, Script Network generates off-chain revenue based on minutes watched per user. This is a win-win situation that keeps viewers engaged while fueling the platform’s growth.
Unique Features for an Unforgettable TV Experience
Script Network stands out with its intuitive platform, offering seamless data updates and real-time rewards. Users can claim on-chain gifts, watch live TV with enticing incentives, and be part of an ever-expanding NFT ecosystem collection. Already surpassing $3 million in sales ($5 million across all ecosystems), this vibrant ecosystem paves the way for captivating entertainment experiences.
Rapid Growth and Global Reach
Script Network’s momentum is unstoppable. With an average of over 1,500 new registered users organically each week, the platform is captivating audiences worldwide. By the end of the second quarter of 2023, Script Network will be live on over 100 million devices globally, solidifying its position as a leading force in the television industry.
Redefined Advertising Models
Script Network is not just transforming TV consumption; it is redefining advertising models. Advertisers gain the power to target specific audiences effectively, while users earn real-world assets by watching advertisements. It is an advertising ecosystem that benefits both parties, fostering a symbiotic relationship.
Want to Join the Script Network Revolution?
Joining Script Network is a breeze. Users can sign up for the beta and testnet, exploring the platform’s fully developed dashboard user interface. You can also follow them on Twitter and Discord. With multi-accessible networks for content-based NFTs and the capability to integrate with existing video platforms, Script Network opens doors for a diverse range of content creators and distributors to thrive.
By providing a complete ecosystem for television and film on the blockchain, it creates a dynamic space where users earn rewards, content partners thrive, and interaction with television content becomes a thrilling and immersive experience. Join the Script Network revolution today and be part of the future of television.
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About Script Network
The Script Network is a video-based blockchain protocol focused on decentralized storage and 24/7 live content. Script Networks products include Script TV, GameFi NFTs, and multiple other dApps currently being built on-chain.
Script TV, (one of the core services of the Script Network protocol), is a free-to-air live television platform. It features countless channels and offers diverse movies, sports, documentaries, and news content, all of which earn rewards whilst watching content. Script Networks watch to earn elements that allow users to develop and grow to enhance their NFTs through GameFi mechanisms.
