With the advent of Blockchain technology, the World is changing slowly but effectively. Every traditional online platform is evolving with the use of Blockchain. Social media platforms have already been evolved into Blockchain based Social media platforms like Steemit. Traditional online gaming platform has already been evolved into Peerplays. Now comes the video platform.
We all know the significance of video platforms, they have become the inseparable part of our life. There isn't a single day when we don't watch videos on Youtube or other video platforms for the purpose of education, learning and entertainment.
But these traditional platforms lack at various fronts like content ownership, Video blocking rights, Copyright issue and many more.
Traditional online video platforms needs to be evolved with the advent of Blockchain technology. Now, a Blockchain based video platform has already come into existence for video enthusiasts, LBRY Credits (pronounced Library Credits).
What is LBRY ?
LBRY is a Decentralized Blockchain based video platform which provides new way for people to publish and share content with one another online.
Let's understand it with an example: When I stream a video on LBRY, other viewers also share a piece with me and yet the video creator stays in control. LBRY empowers creators to show their work on their terms with anyone in the World.
Suppose I want to share some content, I would claim a LBRY URL, upload my content set a price. There are no middle men, no advertisers and no censorship. The fact that LBRY is a blockchain based platform means that once uploaded into the World,no one would own or control it with full power.
How artists, creators, authors would produce and share their content is up to them and the audience which seeks that content.
How LBRY is different from traditional online video platforms?
LBRY has set its sight on the big five of media which is Music, Movie, TV, Video games and Books.
So it is somewhat similar to Bittorrents in regards to how files are shared but what makes them different is LBRY changes what motivates the hosts to share certain files by replacing the popularity with price.
So, LBRY can focus on specific markets by making available obscure piece of work, be it Music, Videos, Books or TV to there demanders who are wiling to pay a bit more money for a chance to get their hands on it.
So hosts would provide anything which would bring in more money to them.
Apart from paid content, an author or host can also choose to freely share his content to build his audience.
LBRY concept is really unique and somewhat needed currently. Nowadays online video platform remains in full control of your content. They have the rights and authority to shut down your content if they suddenly decide that your content doesn't go with the ideals of their advertisers.
At LBRY your content will be distributed and available to all which you can control without any interruption of any middleman.
All you have to do is to download their iOS, android or desktop app and fill your login details and you're good to go.
LBRY Credits Stats & Charts
Total Market Capitalisation: $24.12 Million
Total Supply: 466 Million
24hr Volume: $1.83 Million
I would recommend everyone to use this platform for content creation as well as accessing videos. You'll even get paid in LBRY credits when you'll make an account and start watching videos. This platform has a potential to grow exponentially in the near future. Have a look at it and decide for yourself.
Thanks for reading ..!!