The entire industry of content creators and them being rewarded in various ways for what they are doing is just becoming such a huge business and industry that it feels as if everyone is becoming involved in it. Thanks to its sheer size, it should really not come as a surprise to discover that companies involved in the blockchain industry are looking at ways in which they can combine this technology and offering those rewards to content creators. After all, they are generally up to date with technology, so it makes sense that they will not be afraid of digital currencies.
https://www.mediaprotocol.org
Step forward Media Protocol because this service is going to deal with this very industry, but what are they really offering to interested individuals?
<h1>What is Media Protocol?</h1>
The new project can best be described as being a platform that is able to directly reward content creators for all of their hard work. Also, they cut out the third-parties that tend to take a rather healthy percentage of the money that flows in with the creators themselves often struggling to make ends meet or it even being worth their while making it in the first place.
However, it must be stressed that this is not an app but rather a software kit that can then be developed by individuals to produce their own apps. In addition, they have created the MEDIA digital token and this is the only currency that will be made available to be used across the entire platform.
They feel that they are effectively giving control back to the people making the content in the first place which is certainly something to be applauded.
<h1>The Technical Aspect of Media Protocol</h1>
The key part here is the software itself as this allows content creators of any kind to make their own apps to share their content and then make money by putting it behind a paywall or by getting advertisers on board. Also, users can be rewarded if they actively participate in sharing the content.
This is going to allow the creators to build their audience and it has to be said that the majority of the technical side of things is connected to the software rather than the blockchain aspect. In fact, the area where the blockchain comes into effect is when people pay for access to the content, or advertisers pay to appear on the content, as the token is the only currency that is going to be allowed on this network.
Whenever someone wants to buy the content, or access to it, then it operates via a simple Smart Contract where there is an agreement that, for a set price, the user gains access to the content so both sides know what they are getting for the deal. Clearly, this is not going to be a difficult thing to do, so at least that technical aspect should run smoothly.
<h1>The Advantages of Media Protocol</h1>
The potential success of the blockchain based platform is going to depend on the number of creators that they can get signed up, but there are a number of different advantages that should make it easier to convince them to join the platform. Clearly, their ability to draw people in is key even though it could be a difficult thing to do at the outset until they are more established.
First, the content creator has greater control over who gets access to their content. Next, as payments are made via the blockchain this does mean that transactions are processed faster, at a lower fee, and also they cross international borders since only the cryptocurrency from Media Protocol will be used.
Other content solutions charge too much, so the creator ends up missing out on a substantial amount of money but that problem is solved thanks to the blockchain. This then means they could charge less for access and still get more money in the process which has to be a major selling point for all sides.
<h1>The Financial Aspect and the ICO</h1>
There is some difficulty when it comes to the financial side of things as details regarding it are rather scarce to say the least, however it's still early so I expect more details will be released soon. The team seems to be concentrating on the technical details of the project in their whitepaper so far.
<h1>Overall Conclusion About Media Protocol and the ICO</h1>
The idea that lies behind Media Protocol is sound and you can see how it would prove to be rather popular for content creators who are tired of losing out on a large percentage of money thanks to those third-parties. From that perspective, this cryptocurrency option forms the perfect picture for an investment since it is easy to see why content creators could be tempted into moving to this platform over and above anything else.
The team behind the project seems to be very experienced and has provided a lot of technical information about the project.
More details about the financial side need to be released however but if the hardcap isn't too high then it definitely looks to be worth investing in.
Website: https://www.mediaprotocol.org
Whitepaper: https://www.mediaprotocol.org
Telegram: https://t.me/Media_Protocol_Community
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