By
Kofi Ansah
September 20th, 2022
Viuly is to disrupt the existing video-sharing ecosystem with its world’s first decentralized video sharing platform based on blockchain.
In a recent development with a primary video sharing, corporations have reduced revenue sharing with content producers leaving small video makers out in the cold. This brings forward the urgent need for an open and fair ecosystem for content producers, which decentralized video platform Viuly aims to provide.
Decentralized video platform Viuly allows video content producers, particularly independent ones with a modest online following, to vent their disappointment with recent announcements from a significant video hosting platform dropping thousands of small video producers from revenue programs. The strict decision was made to comply with advertiser guidelines, prompted by repeated scandals of offensive content appearing on the dominant platform.
Requirements will be raised for participants shortly after the change of protocol. This will involve a high minimum number of subscribers as well as a minimum number of views imposed, essentially marooning the entire communities of independent video makers and rising stars who will not make the cut.
With the elimination of middlemen and their exorbitant commissions, revenues generated on the Viuly platform (currently in Alpha) are distributed in a fair and equitable manner giving producers the possibility to earn and viewers to be rewarded, with percentages far higher than what is currently given by the industry monopolies.
Viuly’s decentralized ecosystem allows video makers of all budgets and means to collectively share equal benefits, earning revenue in the form of VIU tokens from the very first view on any video they upload, as there are no restrictive entry requirements.
The Viuly platform’s native VIU token can be used by advertisers to purchase advertising packages, earned as a reward for viewing videos and earned by video makers for generating views on their videos.
Aiming to revolutionize the video-sharing industry, Viuly’s main goal is based on the belief that video content should be free for all. The company plans it to be reached through an open system of distributed content, without restrictions and limitations to access, imposed by centralized intermediaries. With participation in revenue programs on centralized platforms with pre-approval, which are still vulnerable to the inclusion of offensive content, Viuly moderates its content through a decentralized system.
Viuly’s platform is ensuring the pre-approved content to be rated and passed or marked for violation by peer-appointed moderators adhering to a universal standard of community ethics. Viuly’s users will be able to access any content without worrying about geographical restrictions or access limitations commonly found on major video hosting platforms.
The company’s team sees its mission in disrupting the multi-billion dollar industry of online-video sharing with its blockchain-based solution. Through decentralization and transparency, Viuly aims to create a fair and open video network operating on an equitable model of revenue sharing.
Viuly will be a full-fledged platform for users and content creators to share and watch videos while earning rewards for their interactions within the platform. This ecosystem will enable a fair, unrestricted environment to share, watch and upload any content.
Viuly’s revolutionary blockchain-based solution has already led to a substantial backing from Blockchains investing firm Krypton Capital. Together with Krypton Capital’s “Smart Money” philosophy, Viuly is aiming to establish a secure ecosystem of related companies to grow values and revenues together.
