THELOGICALINDIAN - Modern agreeable platforms such as Reddit YouTube and Spotify accept become an basal allotment of our avant-garde circadian activity It is estimated that audio and video alive casework aggregate 70 of the absolute internet abstracts cartage Amid this atomic advance lies several longstanding challenges that agreeable creators consumers advertisers and distributors face adverse the success and candor of the industry
For instance, it has become arduous for agreeable creators to monetize their creations. On abounding platforms such as Instagram and YouTube, users actualize all the content, from which the belvedere profits awfully by affairs announcement amplitude to advertisers. However, the all-inclusive majority of creators rarely get compensated for their basal contributions to these platforms. Also, back in actuality creators get paid for their content, they are subjected to layers of intermediaries who carry out best of their pay.
On the added hand, the consumers of these agreeable accept no advantage for their contributions. For instance, YouTube has a absolute of 490 actor users worldwide, who accomplish an estimated 92 billion different folio angle per month. The boilerplate YouTube user spends about 25 account on the armpit anniversary time, 14 times a month, abacus up to 5 hours 50 account a month, but are never financially rewarded.
They are commercially exploited by able platforms blame advancing campaigns to accretion added users from advancing platforms. These advancing competitions leave baby and medium-sized platforms no best but about-face to low affection or pirated content, appointment the amount of this to the end user through best ad times or college cable fees. With the appearance of blockchain technology, it is now accessible to advantage the concrete architectonics that is accustomed for the brief success of bitcoin to an ecosystem that works to action these problems.
An Alternative Token-Based Solution.
The ContentBox belvedere aims to actualize a blockchain based ecosystem for the agenda agreeable industry of tomorrow. Under the ContentBox ecosystem, the absolute industry will accept an befalling to accretion three admired appearance including a aggregate agreeable pool, a aggregate user pool, and a unified pay-out system. While both absolute publishers and creators abide to action to ascendancy the administration of their agreeable and its monetization in an industry bedeviled by a few above platforms, ContentBox will action an another token-based solution.
The ContentBox belvedere will be absolutely decentralized, autonomous, and alone apprenticed by the accessible antecedent association instead of above industry players. Organizing the belvedere in such a address allows ContentBox to advice assorted web-based and adaptable applications advantage the ability of a aggregate agenda agreeable and user basin added calmly after the blank of third parties.
The amount functionalities of ContentBox belvedere accommodate BOX pay-out, BOX Passport, and BOX Unpack. BOX pay-out is a borderless and defended acquittal transaction arrangement that will be implemented in ContentBox. The belvedere will additionally accommodate a cross-platform character and allegation aperture alleged BOX Passport. BOX Unpack will be acclimated by absolute publishers to set up an online platform, and an appliance interface to abetment developers in amalgam blockchain based services.
Castbox Will Pioneer the Transition from Centralized App to a Decentralized Blockchain Based App.
As one of the founding affiliate of ContentBox Foundation Ltd., which will baby-sit the advantageous and absolute advance of the ecosystem, Castbox will avant-garde the alteration from a centralized to decentralized blockchain based app. Castbox is an award-winning all-around podcast belvedere that enables its users to calmly find, access, and adore agreeable as able-bodied as become agreeable creators themselves.
The Castbox belvedere offers its users admission to a advanced ambit of amaranthine agreeable in assorted languages, anywhere, anytime through their adopted devices. Its technology enables appearance such as curated podcast recommendations and in-audio abysmal search. The belvedere currently ranks as the fastest growing and accomplished rated audio app on both Android and iOS. It boasts of a user abject of over 16 actor from 175 countries.
Through a columnist release, the San Francisco-based close states that its attack into the blockchain amplitude follows the barrage of its proprietary in-audio chase and alone advocacy technology powered by accustomed accent processing (NLP) and apparatus learning.
Strong Technical Team and Rich Industry Experience.
Castbox co-founder and above Google agent Renee Wang said that while the agenda media industry was congenital on the attempt of inclusivity, it currently does not abutment the absolute publishers and creators as it is too top heavy. She connected adage that by leveraging blockchain technology, the arena acreage can be collapsed with the credo of candor and openness.
Castbox has aloft $29.5 actor in investments from adventure basic firms, including IDG, SIG China, ZhenFund, and Qiming Adventure Partners. For this new Blockchain venture, Castbox has accustomed the abetment of acclaimed Blockchain broker Bo Shen, who is the architect of Fenbushi Basic and an aboriginal adopter of Ethereum.
Shen commented on ContentBox adage that he invested in the belvedere due to its able abstruse aggregation and affluent industry experience, which he believes will accredit the belvedere to become the aboriginal analgesic app for the agenda agreeable industry.
Mr. Shen joins the ContentBox aggregation as a cardinal adviser and cornerstone investor.
