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Flixxo's open community provides users and creators with a new way to consume and produce video content. Short videos are becoming the most important form of video because the extremely low threshold for creation has stimulated the output of creators. Flixxo will be circulated as a currency in social networks, and will be used to watch videos, incentivize creators, and advertise.
Flixxo encourages distribution of content among people using people's tokens. With BitTorrent technology, it is the user who downloads the content themselves, saves it on the device and shares it, because no centralized server is required. So by removing the YouTube or Netflix intermediary from the medium, the gains are greater for users, advertisers and content creators alike.
Thus, distributing audiovisual content via P2P enables users to attract others through their recommendations (a kind of word of mouth). For each referral, these users will receive FLIXX. On the other hand, each user lends his device to the network, sharing its storage space and bandwidth.
Since it is based on network effects, the available bandwidth increases with the number of users on the platform. This way, the greater the usage, the greater the incentive for advertisers to promote it, resulting in greater revenue potential for users.
The purpose of this is to retain users through the reward program in FLIXX, always with an eye towards re-use of content, and for producers to gain visibility on their products.
Today, video distribution is in the hands of 3 companies worldwide: Youtube (Google), Amazon and Facebook. Centralization affects the entire business: production, distribution, compensation and monetization of content. Flixxo aims to challenge these conditions and enable any internet user to become a video publisher, helping content authors monetize their productions by getting paid directly from consumers, and last but not least, it enables Advertisers build closer knowledge and connections with their target audience. Flixxo will be a contributor to changing the market today by removing the middle man and enabling peer-to-peer connections.
Decentralization: Video distribution today is concentrated in 3 companies. google, facebook and amazon (netflix runs on top of amazon web services). This has made these companies very powerful and have become, to some extent, the biggest names in the entertainment industry. flixxo will enable each member to interact in a peer-to-peer mode through technology to store, share content and reward authors. or the work of content creators. Advertisers will also have the opportunity to directly connect and engage with their targets. Decentralization will lower prices and costs by eliminating middlemen, and it will also improve monetization standards.
Social distribution: By storing videos in any device, every member of the Flixxo network can freely become a content distributor and get some value from it. As a result, access to content will be faster, and storage will be owned by thousands of members, independent of any threat rules defined by the largest players in the industry.
Content monetization: Blockchain technology uses smart contracts, which makes it possible to track each content consumption and set conditions. Therefore, every author or content producer without an intermediary will be easily rewarded directly by consumers. This environment opens up new opportunities for monetization and offers authors or producers the opportunity to set a fair price for their videos, and also allows advertisers to do so under new rules that favor reputable authors and premium content play.
Related links:
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