As the growing trend of decentralized organizations and platforms changes the global playing field with the wide-spread adoption of blockchain technology, crypto-solutions have begun being devised for a diverse range of applications to solve various challenges. Censorship, strict rules, lack of privacy, and government intervention are major factors that hinder the content being produced and streamed across the globe.
Now a Russian team has devised a way to invest via crowdfunding in a digital asset tapping the content distribution sector underpinned by a blockchain-based platform.
What Is NODVIX?
NODVIX is the world’s first 24-hour video broadcasting platform built on the Ethereum blockchain. It is highly resistant to censorship, self-regulates content and provides an honest division of income to all participants. NODVIX is truly designed to display interesting and relevant video content specific to a user’s limitless interest.
NODVIX will leverage blockchain’s massive potential for content storage and distribution, as well as its inherent anti-censorship power. Content creators who use NODVIX will be paid in NDVX (or their chosen cryptocurrency), a payment channel funded by ad-driven revenue streams. Viewers will be able to select channels devoted to content they deem most valuable, thus passively funding the best content creators.
NODVIX is built on the Ethereum blockchain. Ethereum is proving its value as a decentralized content technology. Games and video are among Ethereum’s most relevant use cases to date. Millions already use Ethereum in some fashion, giving NODVIX an immediate user base to which they can market their new platform.
The platform is designed to be live 24 hours a day and this is incentivized by a reward mechanism. Any profit made by several streams of revenue such as advertisement will be distributed among actors on the platform.
How it Works?
A user creates or uploads content (music video, news story, film, or anything with a frame rate) to the NODVIX platform. A torrent-file is generated and uploaded to the Torrent-Nodes. The file also contains a wallet address where profits will be sent. Advertisers then select which category of content they would like to sponsor. These adverts are reviewed, rated, authorized and placed by the Torrent-Nodes. Content is placed into one of several channels based on the Torrent-Nodes categorization and broadcast to the NODVIX platform network. Users can watch 24-hour content through the platform based on their interests and preferences.
NODVIX (NDVX) Token
The company’s internal digital currency, NDVX, is an ERC20 token and used as both a means of payment and an enabler for the Torrent-Node network.
Governmental intervention over the content on the Internet gets tighter and tighter every single day. People living in places like China, Iran, Saudi Arabia, and Singapore experience this phenomenon in their day to day lives. In response, the NODVIX team provides a broadcasting platform similar to YouTube where original content creators and uploaders provide visual media and get paid in return. As the platform will be live 24 hours a day, people who will supply and verify the content data are incentivized to do so through a stake-and-reward mechanism. Any supported torrent node will get 8% of the profit, which is a sufficient reason to hold NDVX tokens.
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12 December 2018
08 December 2018