YouLive, a project by a group of Blockchain technology experts, is well on its way to become the first-ever decentralized live streaming platform based on the technology, MMW has learned.
As the creator of video content, the broadcast industry has also taken the lead in the broadcast industry, not only in China, but also in the rapid development of the global broadcast industry.
Some agencies expect the market size of the broadcast industry to increase from 30 billion U.S. dollars to 100 billion U.S. dollars by 2017-2020. YouLive, an ambitious project by a group of Blockchain technology experts, is well on its way to become the first-ever decentralized live streaming platform based on the technology.
So what’s on tap for the new offering?
Youlive, a decentralized live streaming platform which promises to create value for end users, is going to be launched soon. Youlive is a decentralized live streaming platform where members create can value with ‘Token’ as the unit of measurement. The developers of the platform indicated that in the third quarter of 2018, the Youlive client will be officially launched. They anticipate that the number of Youlive platform anchors will reach 1 million in 2021 and the number of communities will exceed 100 million by the third quarter of 2018.
“The anchor can also receive direct broadcast room advertising revenue share and shares of additional revenue. All anchors can earn in the form of smart contracts that would send live tokens directly into the wallet. This will completely change anchors’ passive low position in the industry, have complete control over the content they create, and have the right to obtain economic benefits”, said one top executive of YouLive in a provided release.