- iSDaily Thursday – February 15th, 2018 – Episode 030
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New Blockchain-based video sharing platform to offer ‘free speech’ alternative to YouTube
Flixxo, YouTube, Free Speech, Blockchain, Social Media
As we featured in two separate stories today, October 10, 2017, one about YouTube and one about Twitter, the actions of some of the social media leviathans lately could trigger alternative social media platform development from folks who see a market void that is being potentially created by these leviathans. One such potential answer to the actions of the social media leviathan is Flixxo. This is a new video platform that is competing with YouTube.
Bitchute is also another blockchain video platform alternative. You can find my channel here- Paul Gordon.
From The Blockchain
Creators often find their videos demonetized for no reason or earn pennies on the dollar from intrusive advertising. It all can change with Flixxo, a new Blockchain-based application developed by the founders of RST and PopCorn Time that is offering an open and democratic platform for online video distribution and consumption. The next evolutionary step in online video streaming begins with the Flixxo token sale that kicks off on October 24th, 2017.
Creating a Decentralized Video Marketplace
Flixxo brings the innovation of smart contracts enabled by Blockchain technology, along with the power of peer-to-peer file sharing, to radically change the face of online video streaming. This is done through the use of the platform’s tokens, Flixx. Creators upload their content to the platform and then use a smart contract to determine the cost in Flixx users will pay to watch their video. However, creators also allocate a percentage of earnings gained with those users who are willing to seed the content as part of the BitTorrent peer-to-peer file sharing network. This system removes the need for exorbitantly expensive servers to store the content. In addition, advertising is very non-intrusive on Flixxo. Advertisers buy Flixx from content creators and then create a smart contract to determine how much they will pay users to watch their ads. Users choose to watch advertising to gain Flixx, which is used to buy more videos. The result is a thriving financial ecosystem where everybody gains.
According to Rodrigo Saiegh, executive producer at FAV! Media, a company producing social network content for HBO, Sony and MTV,
“There are a bunch of new trends on digital content production, looking for disruption on digital distribution. By growing up an economy for teenagers and milennials, Flixxo will develop new business opportunities for such content.”