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.
Singapore, 24th January
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.
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 developers confirmed that Youlive will issue the Youlive coin, or UC, which will play an important role in the Youlive ecosystem. Fan gifts in the form of payment tokens would be transferred directly to the anchor’s ‘wallet’, and the developers guaranteed that the anchors would get 100% of the gift revenue.
“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.
“The broadcast industry has garnered an ever-expanding user base in the global market. Studies have shown that young people worldwide have strong demand for mobile social networking and video content. Among them, the strongest demand is in Asia and North America. After 2015-2017, users heavily relied on the use of live broadcast software to gradually become accustomed to live video streaming. According to Cheetah Lab’s survey, viewing live broadcasts took only 1-2 days a week, with 36% of users watching live broadcasts a week, and up to 3 times a week watching the live broadcasts 49%; 82% of users watch live broadcast every day no more than 2 hours”, added the executive.
According to the executive, YouLive platform is based on blockchain and AELF network construction payment system, in which the goods or services to token pricing and payment. System participants will receive a system-generated token purse after signing up.
“Blockchain technology provides a powerful technical guarantee for cross-border payment and peer-to-peer payment. Most of YouLive team members graduated from internationally renowned institution and have experience in from live broadcast operations, Internet technology development, precision marketing and well-known financial institutions”, said the CEO and managing director of YouLive.
About the Company
Youlive project has been supported by a number of well-known blockchain investment institutions including Node Capital, Chain+ Fund, AELF Foundation, linkvc and Genesis Capital.
To know more, visit www.youlive.io.